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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