The villains on this story are Meta and Google, two corporations whose main goal on this world is outwardly to create hundreds of mid-level government millionaires on the expense of shareholders. These two corporations alone have transferred greater than $300 billion from shareholders to workers of their monetization of stock-based comp over the previous ten years.
The hero on this story is Apple, probably the most prolific person of inventory buybacks on the earth (greater than half a trillion {dollars}!), however an organization that really returns capital to shareholders with its buybacks quite than sterilizing outrageous stock-based comp.
Google has issued 1.7 billion new shares to workers over the previous ten years, diluting its beginning share depend by 12.8%. Google has additionally purchased again 1.9 billion shares with its $156 billion value of buybacks, however due to the newly issued shares that solely shrank the unique share depend by 1.2%.
Full article: https://www.epsilontheory.com/stock-buybacks-and-the-monetization-of-stock-based-compensation/
