In December a 10ft (3m) Mako shark, a species known to have killed three people from 1980 and 2010, washed up on Barmouth Beach, North Wales, to the delight of newspapers. A few months earlier, it was suggested a large shark seen off Cornwall was a great white this turned out to be a harmless juvenile basking shark. And in 2007 tabloids reported that a great white could be hunting off St Ives, Cornwall in fact this was the result of a prank..
These companies are following the footsteps of Cognizant has been doing buybacks for years. However, buybacks are not the solution as it may appease the shareholders in the short run and will not help in the long run. Companies will have to look for acquisitions to grow.
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