Boeing’s Safety Scandal Is an Object Lesson in the Dangers of Stock Buybacks

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Franklin Delano Roosevelt,Inequality,Neoliberalism

Thom Hartmann is a talk-show host and the author of 'The Hidden History of Monopolies: How Big Business Destroyed the American Dream' (2020); 'The Hidden History of the Supreme Court and the Betrayal of America' (2019); and more than 25 other books in print.

A Boeing whistleblower is testifying before Congress today that the 787 has dangerous flaws in the way it’s put together.Sen.

Because most of the company’s senior executives got most of their compensation in stock rather than pay , the benefit went primarily to Boeing’s executives and stockholders. Regular salaried and hourly employees were left out of the equation altogether, as was much of the ability to grow the company.

 

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