"The cost of redeeming versus recirculating stock depends on several factors: [1] The total number of shares to be repurchased; [2] The per-share value of the stock; [3] The tax effects; [and] [4] The cost of alternative benefits that may need to be offered to employees. The total number of shares to be repurchased over time will always be lower when stock is redeemed, so the overall cost of redeeming versus recirculating will depend on the effect on the per-share value of the company's stock."  MORE >>