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For the first couple of years after the buyback, things at StumbleUpon had apparently gone swimmingly.
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Plans to buyback shares boosted investor confidence.
company, was not and raised a stink, demanding a stock buyback, among other things.
That money can be used to reinvest in the business or to fund dividends and buybacks, among other things.
"The board firmly believes the share buyback is the right thing to do".
Among other things, the buybacks have generally prevented options granted in the early 1990's and exercised over the last few years from diluting earnings per share -- though, of course, the money used to buy the shares could have been deployed to other ends.
At a press conference Thursday, New York Attorney General Andrew Cuomo said his office continues to investigate Merrill, and while the voluntary buyback was a "good thing," it fell short of what he wanted.
Ahead of the reopening of the stockmarkets, for instance, regulators relaxed several rules on such things as share buybacks, in the hope of propping up share prices.
Clear Channel has already tried other things — including stock buybacks, spinning off its outdoor advertising division and hiring a senior executive from AOL to oversee its online music efforts.
They are not distracted by such things as stock buybacks and other "shareholder value" enhancing maneuvers that often pile on debt and are a bane to bondholders.
Here'e another thing: Maybe with this stock buyback, Palantir was looking to clean up its cap table.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com