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Boeing to Offer Voluntary Buyouts to Entire Staff of 161,000
Posted on 4/2/20 at 10:26 am
Posted on 4/2/20 at 10:26 am
quote:
Boeing Co. will offer voluntary buyouts to its entire staff of 161,000, in a bid to shed costs and adapt the massive manufacturer to a coronavirus crisis that could depress the aircraft market for years.
LINK
Damn.
5
Posted on 4/2/20 at 10:27 am to CollegeFBRules
Better take the buyout.
Posted on 4/2/20 at 10:28 am to CollegeFBRules
Major corporations have really pissed me off throughout this whole experience. Instead of saving and investing in themselves they did huge stock buybacks to make their executives major money knowing if the shite hit the fan daddy government would bail them out
Posted on 4/2/20 at 10:30 am to geauxtigers87
quote:It's amazing how this stupidity took hold. Ever think they were going to try raise capital in the future?
they did huge stock buybacks to make their executives major money
Posted on 4/2/20 at 10:36 am to Taxing Authority
In that case, they should've just invested kept the $$$$ like retain earnings or invest in precious metals. Buying your own stock at all time highs and having to sell it in a bear market doesn't seem bright. Warren Buffet has written how destructive to shareholder wealth stock buybacks can be.
Posted on 4/2/20 at 10:43 am to RollTide4Ever
quote:
In that case, they should've just invested kept the $$$$ like retain earnings or invest in precious metals.
so bury currency in a coffee can out back, or buy gold from Rossland financial? quote:A hammer *can* be a murder weapon. I still find it useful. Buybacks *can* also be a way to raise capital at a later time without taking on any debt. Perhaps you'd prefer companies raise capital by diluting the current stockholders?
Warren Buffet has written how destructive to shareholder wealth stock buybacks can be.
This post was edited on 4/2/20 at 10:45 am
Posted on 4/2/20 at 10:44 am to geauxtigers87
quote:
Instead of saving and investing in themselves they did huge stock buybacks
How is buying back stock not investing in themselves?
Posted on 4/2/20 at 10:49 am to Bard
(no message)
This post was edited on 1/12/21 at 8:14 pm
Posted on 4/2/20 at 10:51 am to tide06
quote:
It’s all about short term returns, to hell with the long term health of their balance sheets.
This is the correct answer
Posted on 4/2/20 at 10:56 am to Janky
quote:
Better take the buyout.
^^
That's damn good advice. Learned that lesson a couple decades ago during the WorldCom collapse. Take the money and leave now, or leave with nothing later.
Posted on 4/2/20 at 10:57 am to geauxtigers87
quote:
Major corporations have really pissed me off throughout this whole experience. Instead of saving and investing in themselves they did huge stock buybacks to make their executives major money knowing if the shite hit the fan daddy government would bail them out
This highlights yet another hypocrisy of the left. They hate these greedy corporations because they operate in riskier ways because of assumed government handouts/bailouts...but who is the one bailing them out? Oh yeah, the government.
Once again, complain about the one giant entity that they want more of. It makes no sense.
Posted on 4/2/20 at 11:07 am to tide06
quote:
They operate the way they do because of the way their executives IC plans are structured.
It’s all about short term returns, to hell with the long term health of their balance sheets.
Just like good sales people, good executives will do whatever their comp packages incent them to do.
Posted on 4/2/20 at 11:13 am to RollTide4Ever
quote:
In that case, they should've just invested kept the $$$$ like retain earnings or invest in precious metals. Buying your own stock at all time highs and having to sell it in a bear market doesn't seem bright. Warren Buffet has written how destructive to shareholder wealth stock buybacks can be.
It's one of the problems with the insane pay structures of top executives. They need to remain popular so they can feast on their eye-popping salaries for as long as possible. Stock buybacks make all the right people very happy with them.
Posted on 4/2/20 at 11:20 am to CollegeFBRules
I think you are CNN'ing the article.
Yes, they are making cuts.
Yes, they are communicating company issues to its 161K employees.
No, they are all not getting buyout offers, because they have only just begun laying off a very small % of their workers.
Yes, they are making cuts.
Yes, they are communicating company issues to its 161K employees.
No, they are all not getting buyout offers, because they have only just begun laying off a very small % of their workers.
Posted on 4/2/20 at 11:37 am to Janky
quote:
Better take the buyout.
They're hurting in a lot of areas.
The economy/virus. The 737MAX mess. Their tanker overrun (where they basically got a contract handed to them via political connections). Who knows what else.
Posted on 4/2/20 at 11:45 am to Janky
quote:
Better take the buyout.
Damn skippy....Boeing was done with the whole offering safety equipment as an upsell option thing but they are now well and truly screwed....
Posted on 4/2/20 at 11:48 am to CollegeFBRules
Is Boeing collapsing?
I thought they were bailed out in the stimulus package? Whats going on?
I thought they were bailed out in the stimulus package? Whats going on?
Posted on 4/2/20 at 11:49 am to tide06
quote:
They operate the way they do because of the way their executives IC plans are structured. It’s all about short term returns, to hell with the long term health of their balance sheets.
What have you done for me lately! This is why we are now a want fries with the economy....when share holder value became more important than long term strategy an executive would've been a fool...and their tenure short lived...to have not sold out and got in on the money grab. Blue collar unions have been preaching the ills of this since the '70s......
Posted on 4/2/20 at 11:57 am to Kvothe
quote:
So, bad time to buy BA?
Probably aint hit rock bottom yet....when it does it will be a good time because they will have eliminated union contracts and with our system of crony capitalism and their political influence they will no doubt recover nicely...but shares ain't as low as they will be soon I'd bet......the days of Eastern Airlines are way behind us....
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