Many investors have strong opinions on stock-buyback initiatives. Some shareholders like their companies removing shares from the table, which can boost per-share earnings over time. Others are adamant that a company’s cash should be used more wisely than buying its own stock, to fund areas such as research and development that can help fuel long-term growth. Given the debate around buybacks generally, and since there are other factors that determine if such initiatives make good business sense, should (NASDAQ: ADBE) current efforts to reduce share dilution make investors happy?