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A comment on Companies Use Borrowed Billions to Buy Back Stock, Not to Invest. Parent comment

Re:Companies Use Borrowed Billions to Buy Back Stock, Not to... by nootka on Sunday August 11, 2019 @06:35AM (#20667477)
This is my understanding as well, but is there any law to this effect?
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Re:Companies Use Borrowed Billions to Buy Back Stock, Not to... by dodobirdlord on Sunday August 11, 2019 @01:30PM (#20669254)
Why would there be a specific law covering this situation? It's an obvious violation of fiduciary responsibility to buy back shares in an inefficient, price-elevating fashion.
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