Investors should be furious: 3 blue-chip stock buybacks that went horribly wrong
The top 20 stock buyback programs in corporate America have spent $1.4 trillion buying back their own shares since the Great Recession ended. Most of the stocks being repurchased by company management have not outperformed the S&P 500. The bull market that began after the Great Recession has been propelled (in large part) by one factor: a stock buyback program.