Prior to beginning work on this discussion forum, read Chapter 5 in the Outsider

Prior to beginning work on this discussion forum, read Chapter 5 in the Outsiders and the webpages What Is a Buyback? Stock Buybacks ExplainedLinks to an external site. and Principles of Stock Buyback Programs: Explaining Buybacks and How They Affect Earnings per ShareLinks to an external site..
Many companies implement stock buyback programs in which the corporation repurchases shares from shareholders. A company’s decision to engage in a stock buyback program is a capital allocation decision and results in changing the company’s capital structure.
In your initial post,
Explain how the decision to implement a stock buyback program could be justified based on capital allocation practices.
Identify one publicly traded company that engaged in a stock buyback program within the last five years.
Describe that company’s decision to implement the program, citing evidence from the company’s management.Provide links to any sources using APA StyleLinks to an external site..
Pose one question regarding your selected company’s stock buyback program.
Guided Response: Your initial response should be a minimum of 200 words. Graduate school students learn to assess the perspectives of several scholars. Support your response with at least two scholarly or credible resources in addition to the text. The Scholarly, Peer-Reviewed, and Other Credible SourcesLinks to an external site. table offers additional guidance on appropriate source types. Use at least one outside article on the featured CEO in addition to the provided material.