Subject: Re: Buybacks have begun
Also personally bought $15m of A shares which equates to his after tax annually compensation. Even more impressive is that he intends to do this every year!
...
That’s leadership!


Mmm, yeah. It's a vote of confidence. But also virtue signalling.

If the purchases are every year, they aren't going to be price sensitive. Any purchase that isn't price sensitive isn't really a statement of confidence in value prospects, it's for other reasons. Some of which are good and honourable, likely the case here. At other firms, I would give that stated purchase policy zero value in terms of my opinion of the firm or the stock.

Jim