Not all companies that say they will buy back shares actually do.
He said the company had no plan to buy back shares but did not rule out such a move in future.
They bought back our shares with money we could only spend on Earth.
He is offering to buy back shares for 30p each.
On the financial front, the plan called for the company to spend $1.6 billion to buy back its own expensive shares.
The growth rate will be lower if the earnings are used to buy back shares.
In a conference call, company officials said they would continue to buy back shares at a rate of about two million a quarter.
The bank also said it intended to buy back 40 million shares, or 2.5 percent of the share capital.
It plans to buy back 30 million shares, about 26 percent of those outstanding, for $70 each.
He said the company would buy back shares and increase the dividend.