That's the reason for share buybacks in the first place, its a tax friendly version of dividends.
But analysts said many companies might well use the money to indirectly finance share buybacks.
The company was delisted from the exchange in December 2008 following a share buyback.
They wanted Lazard to increase the value of their investment through share buybacks.
The company also announced a $1 billion share buyback and suspended its dividend.
The company also announced a share buyback of up to $1.5 billion.
But I would like to offer a few more thoughts on share buybacks and then hit that one.
The company will probably also cut back on its share buybacks, where it usually spends about $2 billion per quarter.
He added that the company was looking at every option, including a share buyback.
He then looks especially at companies that have had share buybacks.