Should've listened to Charles. CM

Comments

1

"Before that article, posted on April 7, there was no mention of buybacks from Gates and other business reporters employed by Seattle Times."

No, this isn't remotely true. Even the most cursory bit of Googling will reveal dozens of Seattle Times articles discussing Boeing stock buybacks. I found these in less than 30 seconds:

https://www.seattletimes.com/opinion/what-will-it-be-boeing-great-airplanes-that-generate-cash-flow-or-great-cash-flow-period/

https://www.seattletimes.com/business/boeing-sets-new-20-billion-buyback-plan-raises-dividend-20-percent/

https://www.seattletimes.com/pacific-nw-magazine/a-behind-the-scenes-look-at-boeings-shifting-leadership-landscape-and-its-profound-effects/

https://www.seattletimes.com/business/boeings-cash-gush-wins-over-late-to-the-party-stock-pickers/

https://www.seattletimes.com/business/boeing-aerospace/boeings-monster-debt-offering-is-a-double-edged-sword/

https://www.seattletimes.com/business/boeing-may-see-surge-of-cash-as-airplane-output-rises/

https://www.seattletimes.com/business/boeing-is-too-big-to-fail-but-that-doesnt-mean-pain-isnt-ahead/

https://www.seattletimes.com/business/boeing-aerospace/u-s-house-probe-of-737-max-finds-disturbing-pattern-of-boeing-failures-and-grossly-insufficient-faa-oversight/

https://archive.seattletimes.com/archive/?date=20040504&slug=boeingdividend04

https://www.seattletimes.com/business/boeing-aerospace/boeing-and-the-airlines-seek-massive-bailout-critics-ask-about-sharing-the-benefit/

https://www.seattletimes.com/business/boeing-aerospace/boeings-quarterly-report-will-give-the-first-look-at-the-costs-of-the-max-crisis/

2

Pop goes that balloon! (@1)

3

So, what does Charles have on owner(s) of the Stranger which makes him immune to termination, or even cursory fact-checking?

Over his decades (!) here, heā€™s written some howlers (nastyporn about Amanda Knox, blaming Seattleā€™s housing crisis entirely upon Sinister Asians) but this combination of narcissistic self-congratulation and flat-out bad information reaches a new low, even for him.

4

Next up in this bit of financial shenanigans: T-Mobile.

5

Dominic Gates has been one of the leading Boeing-critical reporters for years, so much so that in aviation circles and locally many consider him anti-Boeing. He won a Pulitzer for helping to blow up Boeing's lies about the MAX. This whole article reads like a Reddit post where someone's edible kicked in halfway through.

6

they may Hate you
Chas, but they Hate
you even More when

you're Correct.

Jolly Good
Show!

7

@6: See @1. Charlesā€™ key claim here is obviously false, and the rest of his post fails as a result.

He still has you fooled, though thatā€™s not exactly a high barā€¦

8

but
wormmy
you said previously - ages
ago - that your comments'd 'Cured' Chas

perhaps
you Overestimate
your Persuasionability?

Chas
has Not
come 'round
to the Dark Side:

what
Gives?

9

@8: Quote and url, please.

10

@wormmy

and go thru
Pages of your
vile projections?

just another
of your Boastings
easy enough to locate
more than enough to get the Gist

pass.

tho Chas
likely remem-
bers with a wry simile

11

Chuck sure loves Chuck. He wins the Thomas Friedman Award for the most self referential dull writing.

12

@10: Thatā€™s a whole lotta words just for you to admit, ā€œI got nuthinā€™ā€ā€” especially when thatā€™s your default value anyway.

Thanks for the laughs.

13

anytime,
wormmy!

14

Nice to hear an intellectual examination of this plowing of company resources back into executive and shareholder bank accounts, which has deleterious effects on business investment and employee morale, thank you Mr. Mudede.

Yes, the verdict is in and Boeing is free-falling like one of those 737 jets with yaw-damper issues during the nineties, which led to catastrophic crashes which upper management naturally blamed on the pilots, although the culprit may have been faulty hydraulic systems or crappy engineering with no door number two if the hydraulics seize in flight.

Most readers run the other way when you mention Karl Marx, but Mr. Mudede uses Marxist economic principles to explain the downfall of Boeing based on greed and an aristocratic misunderstanding of the necessity of sound engineering and development principles in a manufacturing environment.

The upper management of Boeing would be interchangeable with Petco in terms of lack of aircraft engineering, testing expertise and unwillingness to reinvest for the prospect of future technological developments.

The big ass-screwing was when McDonnell Douglas merged with Boeing and brought in bad upper managers from the defense sector, who were insane with greed and had a strong distaste for sound business practices and research and development principles.

Insiders had been warning for generations that the Boeing Company suffered from bad, schizophrenic management, but the recent 737 Max crashes in succession due to mismanagement of safety protocols really shone a light on upper management malfeasance.

When you consider all the money these upper-level managers suck out of the company, these air disasters are even more unsettling.

The specter of untold litigation from various air mishaps hangs over the company like an evil, negative, counterproductive force.

Look at the dysfunctionality of sloppy Boeing production being enabled while the FAA looks the other way and Boeing self-regulates during flight testing, and you can understand Mr. Mudedeā€™s Marxist stance.


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