Doug said it first.

Rakesh Bhandari bhandari at phoenix.Princeton.EDU
Wed Mar 17 09:40:44 PST 1999


The use of debt to buy back stock and thereby raise shareholder value is also a great way to avoid taxes, esp with a modicum of inflation. Simple examples in James Medoff and Andrew Harless, The Indebted Society: Anatomy of an Ongoing Disaster.

rb



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