SocGen Makes A Striking Discovery: Most Buybacks Were Used To Pay For Stock Options
by Tyler Durden
ZeroHedge.com
Mon, 05/14/2018
Frequent readers will recall that it was Andrew Lapthorne’s revelation back in late 2015, which was behind the following chart, indicating that virtually all net debt issued this century has gone for one thing: to fund buybacks, i.e. wealth transfers from bondholders to shareholders.
Now, in a follow up note as the increasingly politically-charged topic of record (projected) buybacks…
The Rest…HERE
