Stock Buybacks and Government Bailouts
Send us a text A new coronavirus relief bill was introduced recently that includes preventing corporations from using taxpayer money for stock buybacks! Why exactly? Well for example - Boeing has spent $44 billion on buybacks over the last six years - 74% of its free cash flow; it’s now seeking $60 billion in federal moneyOver 10 years, Airlines (American Airlines, Southwest, United, spent 96% of their cash flow on buybacks ($50 billion); they are now seek...