GM Spent Double What Job Cuts Will Save on Stock Buybacks
NOVEMBER 28, 2018
billion on stock buybacks to artificially inflate stock value since 2015. Wall Street’s response was enormously positive, shooting GM stock prices up nearly 5 percent. billion since 2015 on its own stock buybacks, it seems like the move was entirely preventable if the company had focused on real profit growth rather than artificially raising its stock prices by reducing the number of shares on the market. GM Stock Buybacks.