The Trial Lawyer Spring 2024 | Page 63

As a result , Boeing has two missions : 1 ) Produce profitable and safe products for their airplane-buying customers , and 2 ) Produce stock buybacks for Wall Street and CEOs . Unfortunately , for the rest of us , these missions are in conflict .
Finding the money for stock repurchases inevitably leads to cost-cutting . Most often , the first move is to lay off as many workers as possible . But other more subtle strategies include cutbacks in preventive maintenance and environmental controls , the outsourcing of work to lower-wage firms , skimping on health and safety
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