Re:Fed Prints Another $205B This Week, M2 Growing at Fastest...
by throw0101a on Saturday April 25, 2020 @09:51AM
(#22978094)
A poorly managed company can spend money internally on inappropriate things as well. It's not like IBM doesn't spend on R&D:
* https://www.macrotrends.net/stocks/charts/IBM/ibm/research-d...
AAPL spends on R&D, and dividends, and buybacks.
It's not an either/or. A poorly managed company can make itself more dysfunctional by neglecting investment and returning too much cash to shareholders.