Re:Intel Brags of $152B in Stock Buybacks. Why Does It Need ...
by danbruc on Thursday March 28, 2024 @09:45AM
(#39851355)
NB that "returning money to the shareholders" is ultimately what companies are for [...]
This could not be further from the truth. Companies - and actually the entire economy - only exists for one purpose, to satisfy the needs of the people, to efficiently produce good and service that people need or desire. Profits are just means to the end, a control signal to steer the economy. Not that they are not important, but they are not why we have companies.
This could not be further from the truth. Companies - and actually the entire economy - only exists for one purpose, to satisfy the needs of the people, to efficiently produce good and service that people need or desire. Profits are just means to the end, a control signal to steer the economy. Not that they are not important, but they are not why we have companies.