> Instead of using profits to build up long term savings or fund R&D, they basically choose to do as little as possible.
Isn't buying stock a form of long term savings? After all, they can always sell that stock when they want to "withdraw".
Sure, they may not get the same return as simply stashing it into a bank account, but it's also a statement of confidence in their future: "We are sure that our stock will outperform every other option there is for storing our money, because our long-term plans include extracting more profit from the market."