[papito]

No, the right and proper management is to grow a business and make it sustainable and profitable long-term.

Your description is exactly how Capitalism goes late stage. Use the profits from the committed work and effort of employees to "buy back" stocks, depriving the company of reinvestments and growth. Jack up the share price, therefore increasing the lauded "shareholder value". Keep going until only a husk of the company is left, and peace out with walkaway money.

This is all great, for those with platinum parachutes and those that know what's going on. These are vulture capitalists, but they infiltrate a company first and then eat away at it from the inside.

This is how America lost GE and Boeing. They served "ownership" very well however.