Corporate stock buybacks reduce the number of a company’s shares that are held by its investors and executives—raising the share value and thus the wealth of their owners. Buybacks mostly enrich the already wealthy, including CEOs, because rich people own most corporate stock: the wealthiest 10% of American households own 84% of all shares, the top 1% own 40%. About one-half of households own no stock. For an explanation about stock buybacks go here.
This spreadsheet includes corporations that have announced new or increased authorizations to buy back shares of their own stock since the tax bill achieved final passage on December 20, 2017.
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