Warren Buffett, a Hillary Clinton campaigner and Joe Biden voter, makes impassioned defense of stock buybacks

Warren Buffett, a Hillary Clinton campaigner and Joe Biden voter, makes impassioned defense of stock buybacks

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President Joe Biden devoted part of his State of the Union to decrying stock buybacks, a practice he often rails against. Oil and gas companies, he said, didn’t invest in production to keep gas prices down. “Instead they used the record profits to buy back their own stock, rewarding their CEOs and…

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