Flutterby™! : Socialized Losses

Socialized Losses

2020-03-20 15:04:14.762353+00 by Dan Lyke 0 comments

While we're lining people up for the guillotine, over the past decade Boeing spent $43.44 billion on stock buybacks, while managers ramming the flawed 737 MAX MCAS system through the FAA were whining about the FAA pushing back on them and costing them $5k in flight change fees.

Airlines and Boeing want a bailout, but look how much they've spent on stock buybacks:

Boeing’s free cash flow for 10 years totaled $58.37 billion, while the company spent $43.44 billion, or 74% of free cash flow, on stock repurchases.

[ related topics: Aviation History Economics ]

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