What will it be, Boeing? Great airplanes that generate cash flow or great cash flow, period?
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July 6, 2019 - by Stan Sorscher for seattletimes.com - Stan Sorscher. was a physicist at Boeing for 20 years and has been on staff at the Society of Professional Engineering Employees in Aerospace union since 2000.
We learn culture from co-workers and managers when they make decisions and demonstrate problem-solving skills. Leadership messages affect thousands of decisions that add up to success or failure of the organization.
For many years, Boeing competed with Airbus and other producers for airline customers based on performance of its products. As a recent news report put it, Boeing now competes for investors with Exxon and Apple.
According to Boeing's annual reports, in the last five years Boeing diverted 92% of operating cash flow to dividends and share buybacks to benefit investors. Since 1998, share buybacks have consumed $70 billion, adjusted for inflation. That could have financed several entire new airplane models, with money left over for handsome executive bonuses...