https://www.fool.com/investing/2017/02/04/will-donald-trump-target-share-buybacks-next.aspx
"IBM's (NYSE:IBM) recent misadventures perhaps best illustrate the folly of buybacks. After outlining a goal in 2010 of reaching $20 in earnings per share (EPS) by 2015, Big Blue spent aggressively on repurchases to pump up EPS to meet that target, pouring $70 billion between 2010-2014 into lowering its share count. As a result, however, the business suffered.
Revenue at the tech giant has now fallen for 19 quarters in a row, and the company was forced to step back from its $20 EPS goal in 2014. In 2016, adjusted EPS was just $13.59, down 9% from the previous year. In the meantime, IBM has also slashed headcount as the number of employees has fallen by close to 100,000, since its peak in 2014, to 368,000. Considering Big Blue's decision to use profits to reward investors while laying off employees, the company would seem to be a target ripe for Trump's ire."
Let's hope he does target them, let's hope he does. . .