Thank you Chuck and Bernie, that was a good read. It took me back to my childhood when there was a common understanding expressed in the statement "what's good for GM is good for America".
Those who owned GM stock earned when GM earned. Those who worked for GM got paid according to Union negotiated deals. Those who managed the company received fair and just compensation. Likewise the country as a whole benefited because everybody paid their fare share of taxes and thus we had schools for the kids learning and streets being paved to drive the new American automobile products on.
But then along came the new math. Americas finances haven't been the same since. I think this is what you guys were touching on. Stock buybacks are a result of the new math, the new equations that says, don't fertilize the fields of the masses, just the fields of the upper management and those who work to advantage them.