Is a Share Still a Share if the Company Has Fewer of Them?
After General Motors announced a $20 billion buyback, the Reporter asked residents whether owning a piece of something gets bigger when the something gets smaller.
General Motors
General Motors Buys Back $20 Billion of Its Own Stock, Says Shareholders Now Own Less of It and More of Themselves
The automaker reported $50.0 billion in third-quarter revenue and a new buyback with no expiration date, and a shareholder said he was glad to be the one getting smaller.