3 ms·

I did some back of the envelope calculations on Boeing in 2015. The spent about $86,000 per employee on buybacks and dividends. Just a year after strong arming

I did some back of the envelope calculations on Boeing in 2015. The spent about $86,000 per employee on buybacks and dividends. Just a year after strong arming the union out of their pension out of a supposed desperate need to compete with airbus. I really doubt airbus has lower employee overhead than Boeing.

alexasmyths 9y ago
To boot, they are the beneficiaries are massive, pork-laden propped up government defence contracts - and massive 'investment incentives' from states/municipalities like Seattle etc. who give them massive tax incentives etc. to build plants in their state.