Robert Reich on Nostr: Stock buybacks don't just line the pockets of CEOs and shareholders — they're ...
Stock buybacks don't just line the pockets of CEOs and shareholders — they're dangerous.
Boeing failed to implement a $7B redesign of its 737 Max while spending that much per year on buybacks.
A dollar spent on buybacks is a dollar less spent to upgrade equipment and safety.
Published at
2024-06-19 15:48:04Event JSON
{
"id": "c7204e86db84d35c5da6ef115d56b885998834300e52c2f12d0f544c45d9e2f5",
"pubkey": "349da8cac32e996b69450a0ce3dab9dc9ea62b996dd2970f1e533ed8981b30e1",
"created_at": 1718812084,
"kind": 1,
"tags": [
[
"proxy",
"https://masto.ai/@rbreich/112644068750888139",
"web"
],
[
"proxy",
"https://masto.ai/users/rbreich/statuses/112644068750888139",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://masto.ai/users/rbreich/statuses/112644068750888139",
"pink.momostr"
]
],
"content": "Stock buybacks don't just line the pockets of CEOs and shareholders — they're dangerous.\n\nBoeing failed to implement a $7B redesign of its 737 Max while spending that much per year on buybacks.\n\nA dollar spent on buybacks is a dollar less spent to upgrade equipment and safety.",
"sig": "c61a574681b8a515dffc7f3dd2a5be35c3a7adda332775850a06e4d332ef71cd14b3d8fdfd47d2099a26b2d74c36ce751486dbc5db82697cf8f9ec6258035bc1"
}