The Downfall of Another Great American Company - Recensione dipendente - Software Engineer presso Boeing

Boeing, IBM, GE, HP, etc. will all collapse due to the obsessive-compulsive focus on share price which has burdened them with too much debt. Boeing just announced that it will increase share buybacks to 20 billion. No wonder they are cutting benefits and fighting raises. The debt now exceeds its equity levels by over two-times, which means for every $1 you invest, the company owes more than double of that to debtors! Yet the company lavishes money on the insiders through share buybacks while cutting everything else to the bone. They are even selling buildings and land in the Seattle area to raise money for share buybacks, with absolutely no regard for all the troubles this creates for the employees due to commuting issues (ask the Bellevue employees and you will get an earful).