Update 1-Pension fund leaders challenge McDonald’s and others on buybacks

By Ross Kerber and Lisa Baertlein (originally published by Reuters News) – May 20 Four U.S. public pension fund officials on Wednesday warned that McDonald’s Corp and other companies may be jeopardizing their own futures by returning excessive amounts of cash to investors via share buybacks. The statement by the fund officials marks the first time in which some of the nation’s biggest institutional investors have joined up to urge companies to rethink their focus on immediate returns and aim for long-term growth….

[Cross-posted from Reuters News publication of May 20, 2015
at http://www.reuters.com/article/buybacks-funds-mcdonalds-idUSL1N0YC01W20150521]

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