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Certain labor interest groups are complaining that company X is buying back shares of stock...

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Question

Accounting

Certain labor interest groups are complaining that company X is buying back shares of stock instead of spending profits on new projects that would increase hiring and wages for their employees. Which of the following is likely wrong with these groups' arguments? Select all that apply.

Group of answer choices

None of these

If the company is returning cash to shareholders, they probably don't have value-adding uses for the money.

Investors will likely reinvest the cash in other companies that have good uses for it

Buybacks are generally used only to maintain a liquid market for companies' stock

Corporations use buybacks to transfer wealth to already wealthy people

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