Why not return some cash to shareholders instead of having to always buy back shares?

Historically, you've had one way to do it. You'd go out and buy one share or 100 shares of each of the underlying 30 stocks, and you would have a portfolio that acted like the Dow Jones industrial average,

The arrangement seems to be that UBS will buy Time Warner shares it seems for the voting rights but doesn't want the price risk. So, in an agreement with IMI, UBS will transfer the pricing risk to IMI.

I told the players we need to win so that I can have the cash to buy some new ones.

We should never forge those that did not return,

It's not the 1950s but rather a return to the 19th century,