AT&T (T, Fortune 500) approved a stock repurchase of up to 300 million shares worth about $10.5 billion in March. The buyback is the fourth initiative announced over the past three years. Since 2012, when the company started its stock buybacks, it has repurchased 775 million of its shares.
“When I look at the data, I keep coming back to this issue that it’s really about identity politics,” said Elisabeth Ivarsflaten, a professor at Norway’s University of Bergen who studies Europe’s far-right parties. “This is the most powerful predictor of support for the populists.”