Reply to post: Re: Political will

EV world in serious trouble if China cuts off rare earth materials

Anonymous Coward
Anonymous Coward

Re: Political will

"Australia is exporting their natural resources in raw form for others to add value to making into useful forms."

Yes, and there is a very good reason why it's done: Stock price goes up *a lot faster* when you use profits to buy back your own stock, instead of investing to *anything*.

CEO pay is directly derived from stock price: Only a moron CEO would invest to anything: That's slow and uncertain, while stock buyback is immediate and absolutely sure method.

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