Heard on the Street: Warren Buffett’s Slap at Buyback Illiterates Rings True

> In the lobbying that led to its creation, it was instituted only on net buybacks. Companies that give their executives generous share-based compensation such as Facebook parent Meta Platforms get a tax deduction on that form of pay and then dodge much or even all of the buyback tax if it is used to soak up that share issuance.

What's a net buyback? The article could give some clarity of what that is for us new to the term.

No paywall link: https://archive.is/q8jzP

Warren Buffets letter to Shareholders on stock buybacks: https://www.cnbc.com/2023/02/25/read-warren-buffetts-annual-...

Counter: New Republic 2018 Article "Apple's Stock Market Scam" https://newrepublic.com/article/150382/apples-stock-market-s...