I feel like there’s probably a more meaningful counterpoint to be presented here than a legal document which describes the purpose of J&J as, quote, “to engage in any activity within the purposes for which corporations may be organized under the New Jersey Business Corporation Act.”
Do you have a document stating that J&J's purpose is to buy back stocks?
As it stands, I have a legal document under penalty of perjury that says their purpose is to do business as allowed by NJ. And you _just_ have a statement made by yourself without penalty that their purpose is to return money to investors.
Sure, my document doesn't say they can't do buybacks. But to say the document calls it their purpose is highly misleading.
