the buybacks have been going on for almost ten years now??? they consistently reported buybacks at an average quarterly price that was higher than the current share price. and now look at the stock price. it’s basically been in constant decline - sure, there was a bit of a rise in 2022 - but the trend is clear.
Sooo all that money spent on buybacks has just evaporated, doing basically nothing except reducing overall share count, which in turn helped the execs with their metrics and resulting bonuses. what a complete disaster the reign of JC has been for the company, its employees , its assets which have been squandered, and its investors who have been repeatedly lied to and misled.