The Rising Influence of Rising Affluence

[DewDiligence]

If 3M carries out its buyback plan in full (#msg-95064207), the percentage reduction in shares outstanding (at the current share price) would be 29%, about the same as for DE’s buyback plan (#msg-94641583). I know of no company with a buyback authorization for a higher percentage of shares outstanding.

Of course, there’s no guarantee that 3M and DE will actually carry out such aggressive buyback plans, but both companies have good track records of doing what they say they are going to do.