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The Biggest Stock Buybacks of the Decade

Transaction value: $8 billion
Shares repurchased: 171 million
Announcement date: 3/15/07
Date completed: 1/31/08

Stock Performance
After 3-Mos: 15%
After 6-Mos: 22%
During buyback period: 10%

Transaction value: $8 billion
Shares repurchased: 188 million
Announcement date: 11/19/07
Date completed: 1/31/09

Stock Performance
After 3-Mos: -28%
After 6-Mos: -7%
During buyback period: -2%