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Russell Clark's avatar

Shell has been buying back shares - Even HSBC has started too. As has Diageo... maybe US corporates are just more aggressive?

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Clement's avatar

Oh for sure buybacks are everywhere - even in HK now. However interest rates and tax alone, I don't think, fully explain the reason why US corporates buyback so much more aggressively than overseas counterparts.

I believe it has more to do with management incentives and renumeration.

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Russell Clark's avatar

Everything in the US relates to incentives and remuneration.

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