Raising the Bar

[Brad De Long]

>In the aggregate, over the last 15 years, money has mainly gone the other
>way, from firms to shareholders, and not vice versa - well over $800
>billion in net stock retirements, thanks to takeovers and buybacks.

Plus dividends...

Professor J. Bradford De Long
Deparment of Economics
U.C. Berkeley, #3880
Berkeley, CA 94720-3880

(510) 643-4027  (925) 283-2709 voice
(510) 642-6615  (925) 283-3897 fax