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Episode details

World Service,17 May 2011,18 mins

Share buybacks

Business Daily

Available for over a year

Are board directors enriching themselves by buying back their company's shares? Leading British investor Terry Smith argues that share buybacks may not after all increase shareholder value, if too high a price is paid. Plus, Professor Nandani Lynton of the CEIBS business school in Shanghai explains what stops Chinese companies becoming global household names. And the BBC's Guy Delauney reports on Cambodia's new car industry, to replace its current fleet of clapped-out US car wrecks.

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