Chamath Palihapitiya explains why we need to eliminate stock buybacks once and for all

Chamath Palihapitiya explains why we need to eliminate stock buybacks once and for all

CNBC, Released on 4/22/20 CNBC’s “Halftime Report” is joined by Social Capital CEO Chamath Palihapitiya to discuss his latest deal, his view of the U.S. economy and markets, stock buybacks in the age of coronavirus and the need for direct cash payments to people. Part 1 (part 2 below) Part 2 Chamath Palihapitiya is the […]

Chamath Palihapitiya: Hedge Funds & Billionaires Deserve To Get Wiped Out!

Chamath Palihapitiya: Hedge Funds & Billionaires Deserve To Get Wiped Out!

CNBC, Released on 4/9/20 Chamath Palihapitiya, founder and CEO of investment firm Social Capital, told CNBC on Thursday that the U.S. shouldn’t be bailing out billionaires and hedge funds during the coronavirus pandemic. “On Main Street today, people are getting wiped out. Right now, rich CEOs are not, boards that have horrible governance are not. […]