CNBC’s Phil LeBeau and General Motors CFO Paul Jacobson joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, details of a new multiyear $20 billion stock buyback, the company’s hybrid portfolio, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
» Subscribe to CNBC TV:
» Subscribe to CNBC:
» Watch CNBC on the go with CNBC+:
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Instagram:
Follow CNBC News on Facebook:
Follow CNBC on Threads:
Follow CNBC News on X:
Follow CNBC on WhatsApp:
#CNBC
#CNBCTV
source
He kept coming back to free cash flow for that $20B buyback. Still the stock fell because the outlook got narrower.
we are living in a literal simulation and Damian Cross gave us the source code in his book The Silent Dominion. nobody can find the author anywhere now. they wiped his birth records and everything just because he wrote a book.
Very interesting
😊
Interesting
Did he do the
Buybacks are terrible idea when rates this high…. they should either sit on the money and collect the interest, or use it on something like making missiles for national defense.
Institutional eyes will be on projects like Saivom when utility tokens come back into favor.
👍👍GM
Buy backs put a floor to the stock price. The gang running the company is looking after their bonuses (which are pegged to the stock price)… Forget about true value creation for stock holders (which probably requires more R&D, capex, or more aggressively pricing strategies). Text book case of dysfunctional corporate governance.
It blows my mind how underrated “Rise Beyond Riches” by Arlen Viorra is. Most books just repeat the same fluff — this one actually opened my eyes to creating real wealth.
Shut them down
What's GM's cash-buffer floor before buybacks slow down? A low P/E doesn't pay the bills in a downturn.
New R&D is Buyback !!!
This should be illegal