An item in Tips & Murmurs this week incorrectly reported that News Corp bought back shares in April.
Evidence from Trump's company tax cuts in the US shows that wealthy retirees will be the winners, and younger and low-income Australians the losers, if Australian companies are given a windfall.
In unsurprising news, money from Trump's corporate tax cuts are not just going into the coffers of affected companies, but directly into the pockets of the CEOs who run them. Do we really think Australia will be any different?
As wages growth sputters in the US amidst the biggest share buyback boom in history, the Financial Review finally acknowledges reality on company tax cuts.
Marco Rubio is only the latest Republican to slam company tax cuts that have failed to deliver extra investment or higher wages for the United States.
Even critics of Trump's company tax cuts didn't predict just how much of them would flow into boosting share prices and looking after shareholders.
Australian companies are enjoying a bumper reporting season. So where is all the money going? Into investment and wage rises? Yeah, not so much.
A new report shows just how talented Australian executives are at buying back shares, mostly to benefit senior executives. And the poor old shareholder might know very little about it.