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Wall Street greed led to Boeing's 737 MAX crisis

• moose_man 3y ago
  https://archive.ph/XhJWA https://archive.ph/XhJWA 'As Sash Tusa, aerospace and defence analyst at Agency Partners, put it: “Since 2013 Boeing has spent $41 billion on share buy-backs and $22 billion on dividends. It now has $39bn of debt, and as a consequence of these management decisions it simply cannot afford to invest in new products. Airbus spent €10bn on buy-backs and dividends over the same period, and has €8bn of net cash – so, it can."'
  • simmerup 3y ago
    Well at least the shareholders have been paid even if the passengers are dying
    • moose_man 3y ago
      Honestly, one of the punishments for Boeing needs to be the ban of share buybacks and dividends for investors for all time either that or nationalize the company.
    • kermatt 3y ago
      https://archive.ph/Ir77w https://archive.ph/Ir77w
  • ttyprintk 3y ago
    I think Boeing suspended buybacks and dividends last year, and Airbus is now promoting stockholder value. I agree it’s causal, but want to confine those numbers to 2013-2022.
• hulitu 3y ago
  > Wall Street greed led to Boeing's 737 MAX crisis Last time i checked, Boeing 737 MAX was made by Boeing, not by Wall Street. /s