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> What would you have done,if you were Boing CEO?

If you're Microsoft or Apple or Google, the answer is "Hold hundreds of billions of dollars of cash" [1]

That article, from late 2019, feels such holdings are in need of explanation; today, they seem like common sense.

[1] https://www.cnbc.com/2019/11/07/microsoft-apple-and-alphabet...

Your comment is missing the point that you can do all of these things at once. They could easily put 80% into safe assets / employee 401ks, new project funds etc. and then spend 20% on buy backs. The focus on buy backs is due to the fact that American business ties executive bonuses to share valuation.

The GP’s point is that the system that incentivizes this is flawed and needs to change. Do you disagree?