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Tag Archives | Boeing 737 MAX

The American disease’: Canadian companies pouring cash into stock buybacks as backlash grows abroad

By Geoff Zochodne (originally published by Financial Post) – For someone who grew up in Canada, William Lazonick sure is earning a lot of recognition and citations these days from lawmakers in the United States… [Cross-posted from Financial Post publication of August 21, 2019 at https://business.financialpost.com/news/fp-street/the-american-disease-canadian-companies-pouring-cash-into-stock-buybacks-as-backlash-grows-abroad]

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Did Boeing prioritize profits over safety?

By Warren Olney (originally published by KCRW) – Since March some 387 Boeing 737 Max jets have been grounded by regulators and airlines with no end in sight. Boeing profits have tanked. Last month the company recorded its biggest ever quarterly loss and deliveries are at their lowest since 2012… [Cross-posted from KCRW publication of August 19, 2019 at https://www.kcrw.com/news/shows/to-the-point/did-boeing-prioritize-profits-over-safety]

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How Stock Buybacks Undermine Healthy Capitalism

By Garvin Jabusch (originally published by Worth) – Lots of Wall Street analysts and investors like it when companies buy back their own stock. Such stock buybacks typically mean that the company is on solid financial footing and wants to reclaim more control over its own destiny, and for investors, these buybacks often mean a significant […]

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Work on production line of Boeing 737 max ‘not adequately funded

By Huffington News (originally published by The Huffington Global) - Work on production line of Boeing 737 Max ‘not adequately funded’ A former Boeing engineer has told the BBC that work on the production line of the 737 Max plane was not adequately funded. The aircraft is currently grounded after two crashes which killed 346 people… [Cross-posted […]

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Market manipulation may have contributed to Boeing 737 Max 8 fiasco

By Sam Seder (originally published by The Ring of Fire) - Bill Lazonick, professor of economics at University of Massachusetts Lowell, joins Ring of Fire’s Sam Seder, to talk about how market manipulation allowed since the 1980s may have contributed to Boeing’s 737 Max 8 safety problems… [Cross-posted from The Ring of Fire publication of June 13, 2019 […]

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Boeing execs banking on a post-consequences USA

By Charles Mudede (originally published by the Stranger) - Two important economists have written the most important analysis so far of the Boeing 737 Max crisis. It is called “Make Passengers Safer? Boeing Just Made Shareholders Richer,” and it’s by Mustafa Erdem Sakinç, a young French economist who teaches at the University of Bordeaux and specializes in “aerospace, pharmaceutical and ICT […]

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Stock buybacks

By Anonymous (originally published by Take on Wall Street) - The rise of stock buybacks, now and over the last 30 years, is both a symptom and a cause of the high-profit, low-wage corporate sector we see today… [Cross-posted from Take on Wall Street publication of June 1, 2019 at http://takeonwallst.com/issues/about/stock-buybacks/]

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Don’t be surprised if Boeing’s escalating problems crash the stock market

By Charles Mudede (originally published by the Stranger) - This is how it’s going down. Late last week, Seattle Times reported that a “preliminary crash report” confirmed that the “Ethiopian 737 MAX pilots lost control” of the plane “despite following Boeing’s instructions.” This is extremely bad news for the world’s biggest plane manufacturer… [Cross-posted from the Stranger publication of April 8, 2019 […]

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