"Between 2013 and the end of the first quarter of this year (AUG 2019), it (Boeing) retired a net 200m shares, handing back $43bn to holders. The number outstanding came down by 25 per cent." Financial Times
I've also read Boeing spent as much on (previously illegal) stock repurchases as program costs for the 737, 747, 757, 767 and 777 COMBINED. Not to mention laying off hundreds of engineers and outsourcing jobs to China along the way. The new arsehole-executive-management class has done this across industries...as they enriched themselves...regardless of performance.
Another stomach-turning example: GE.
Mark Cuban is one of the most recent prominent talking heads to call out this BS:
Last edited by JetRx (2020-03-19 14:47:51)
The Government writing checks to the Oil and Gas Companies, many of whom have made Billions, makes me sick. We'll hear that "Exxon lost eight Billion dollars" at the fiscal year end, when in fact they only made seven Billion instead of fifteen Billion.
I'm all in favor on helping the most needy.