You are technically correct, but the GP is alluding to the *intent* of the compa...

		throw0101a on Dec 11, 2019 \| parent \| context \| favorite \| on: S&P 500 Buybacks Now Outpace All R&D Spending in t... You are technically correct, but the GP is alluding to the intent of the companies/executives. In one case the intent is good (proper allocation of cash); in the other it is not-good (engineering financial bonuses for themselves).