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Originally Posted by creaturecat
meanwhile? Boeing? …… 44 billion in stock buybacks. aka market manipulation.
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Yup, artificially inflating stock prices. The other go - to has been selling off assets to artificially inflate profits. They can only do either for so long until it's time to pay the piper. But, well, when performance is measured quarterly, there are huge (if not temporary) incentives driving this business model.
What took Boeing decades to build and acquire was sold off in a matter of just a few years in the early 2000's. The CEO responsible, and a series of successors are all long gone, bonuses and incentives in hand, leaving behind a mere shell of the company that so many had worked so hard and had risked so much to build.