Boeing approves $7 billion stock buyback program..A Crime is

rsmith6621

(1000+ posts) Send PM | Profile | Ignore

Tue Oct-30-07 11:13 AM
Original message

Boeing approves $7 billion stock buyback program..A Crime is

Edited on Tue Oct-30-07 11:13 AM by rsmith6621

....about to happen..

CHICAGO (AP) - Boeing Co. said Monday its board of directors authorized the repurchase of up to $7 billion in common stock, stepping up a program that has seen the aerospace company buy back about $8 billion of its shares since resuming repurchases in 2004.

Our strong financial performance allows us to return value to our shareholders while continuing to invest in our growth and becoming more productive," said Chairman and Chief Executive Jim McNerney. "We are executing a balanced cash deployment strategy that's serving Boeing and its shareholders well."

http://www.komotv.com/news/boeing/10867786.html

ATTENTION ATTENTION...... NOW WATCH THE CEO AND VP'S START SELLING OFF THEIR SHARES AS DEMAND CAUSES THE STOCK PRICE TO SKYROCKET...THIS IS MORE CORPORATE CRIME UNDER THE BUSH ADMINISTRATION.....END OF ALERT

this is happening at my company as well...

Printer Friendly | Permalink | | Top

Skink

(1000+ posts) Send PM | Profile | Ignore

Tue Oct-30-07 11:24 AM
Response to Original message

1. Once the dollar starts to strengthen wouldn't that be a nice profit?

Printer Friendly | Permalink | | Top

liberal N proud

(1000+ posts) Send PM | Profile | Ignore

Tue Oct-30-07 11:27 AM
Response to Original message

2. But the feds look the other way because they don't put 2 and 2 together

The company is the one buying back the stock while it is the individual who will sell theirs. Why would anyone think that the one running the company and make the buy back decision is the same one that is selling his own stock?
It has only been happening for the last 6 years and some longer in many companies.

Printer Friendly | Permalink | | Top

Initech

(1000+ posts) Send PM | Profile | Ignore

Tue Oct-30-07 11:36 AM
Response to Original message

3. That $7 billion will disappear quickly, into the hands of those that dont deserve it.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Sun May 05th 2024, 06:50 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.