If you're referring to "...investors have been cashing out of US stocks at a record pace", than to further clarify - investors are divesting out of the public stock market entirely. They're not selling their Apple stock in a buyback to invest the proceeds of the sale into an exciting IPO, or a deep value small cap. They're just taking it out of entirely. Think what that implies about the macro structure of a "market economy" when the majority of new money going into stocks is executive/company initiated stock buy backs, and not "investment".

You are technically correct, but the GP is alluding to the intent of the companies/executives.

In one case the intent is good (proper allocation of cash); in the other it is not-good (engineering financial bonuses for themselves).