Rodney Zemmel
[Dividends and buybacks matter because] it’s a sign of companies not having the confidence to invest in the long term and instead handing the cash right back to their shareholders now. There’s nothing wrong with giving cash to shareholders. That’s what you’re supposed to do if you’re a company. But the idea that you would give all your current cash back to shareholders rather than … [ Read more ]
Content: Quotation | Author: Rodney Zemmel | Source: McKinsey Quarterly | Subject: Finance