It also increases executive bonuses, which depend on stock prices.

From: [email protected] 
[mailto:[email protected]] On Behalf Of Lakshmi Rhone
Sent: Sunday, May 13, 2012 8:29 PM
To: [email protected]
Subject: [Pen-l] stock buy backs

"Uncertainty", compounded by weak returns on marginal investments, is leading 
to cash hoarding which in turn has created  pressure for stock buy backs. 
Further fiscal austerity will likely exacerbate uncertainty. How does one find 
data on the levels of stock buy backs? And does the tax structure also reward 
them?
LR
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