, Columnist
Trump and Warren Agree on a Terrible Idea: Banning Buybacks
A supposed emergency measure could long outlive the coronavirus crisis.
Protected from the storm.
Photographer: Spencer Platt/Getty Images
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Quite a few government officials have decided that a crisis of public health and economics is the perfect time to move against … stock buybacks.
Senator Elizabeth Warren thinks that companies that get relief money should be permanently banned from buying back their stock. Asked about whether companies should be forbidden to use relief money for buybacks, President Donald Trump said that “conditions like that would be OK with me.” The Senate stimulus package agreed to Wednesday reportedly contains language to that effect.