The tax law changes of 2017 afforded the largest companies in America to buy back stock shares. This benefited the largest stock share holders, usually members of the board and high level management. Due to the Corona Virus the country’s economic and industrial sector are suffering. If corporate America needs a bailout at taxpayer’s expense, should the country try to limit the use of the money? One billionaire weighs in…
Billionaire entrepreneur Mark Cuban told CNBC on Wednesday that companies that get federal assistance in response to the coronavirus crisis should be prevented from buying back stock ever again.
the Java Exchange 