Striking machinists at Boeing will vote Wednesday on a new contract proposal that includes a 35% pay hike over four years that could end a costly five-week-old strike, the company and union said Saturday.
Striking machinists at Boeing will vote Wednesday on a new contract proposal that includes a 35% pay hike over four years that could end a costly five-week-old strike, the company and union said Saturday.
They spent $70 billion in stock buybacks in the last decade. Start there. Just sell the stock.
Yes. This. The stock buybacks drained cash for investment in production and was a reason to keep salaries depressed and to seek further cost cuts. Stocks buybacks were used because management could not convince investors that improvements were needed after using every Jack Welch trick and wanted a quick way to propel the share price, which has backfired in spectacular and lasting ways