I’m tacking on this opinion article from 2020 with a few good examples/explanations of how bad stock buybacks are in the long term.

https://www.forbes.com/sites/petergeorgescu/2020/05/13/stock-buybacks-are-banned-let-it-be-a-trend/

Boeing and general electric are of course mentioned. The line goes up, until it doesn’t. The key to being a successful CEO, seems to be, to be the one making the line go up and then gtfo before it comes crashing down.