Stock buybacks occur when a company purchases its own stock shares on the open market. Because stock buybacks reduce the number of shares on the open market, they have the potential to inflate the value of the stock price. Shareholders and company executives with stock options benefit twice from stock buybacks. Specifically, the No Stock Buybacks pledge pushes for airlines to not spend one dollar on stock buybacks until:Operation meltdowns are not the norm. The “No Stock Buybacks” Movement Poised to Expand to Rail Workers The aviation unions’ No Stock Buybacks campaign highlights how working people, through their unions, are battling for a more equitable economy.

Source: Washington Post June 02, 2023 20:55 UTC