We understand the definition of share repurchase.
However, to indicate that is the only reason for purchasing one's own shares wouldn't be completely honest. At the time of hire, execs are given options regardless of performance of the company at that specific point in time. A condition of exercising the options would be a strike based on EPS.
I understand your point. I never said that was the only reason. I said that it was the main reason, IMHO. Further, to say that share repurchases rig the markets, IMHO, as people normally construe market rigging, would be dishonest.
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Posted by: sarah_oz@yahoo.com
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