Socialized Losses
2020-03-20 16:04:14.762353+01 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.