That is why shareholders need to do their part and vote no to the remuneration if they see that kind of shenanigans.
Yes definitely agree on your second point but then it is not always possible. For a company to have the money for a buyback, there should be a corresponding good profit previously. This previous profit would have entailed a positive re-rate of the company SP prior to the buyback...usually. Unless you are Berkshire that don't mind holding to a lot of cash for decades it seems. Yes logic does dictate, that it is in the interests of the company and shareholders, if the buyback is conducted at the lowest price possible. Which Berkshire has done now for a very long time...i.e. they see value in their own business to buy it when there is weakness in the market.
CBA Price at posting:
$106.78 Sentiment: Buy Disclosure: Held
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