On Dec 15, 2013, at 11:31 PM, [email protected] wrote: > http://www.iam751.org/ has the union's point of view. > > -- > Ron >
========== Strangely enough, the WSJ has the capitalist pov. Clearly the timing of the below is no coincidence: http://online.wsj.com/news/articles/SB10001424052702304858104579262672452757220?mod=WSJ_hp_LEFTWhatsNewsCollection [snip] "Our payout percentage and our yield-per-share is a little low when compared to the historical average," Boeing Chief Executive Jim McNerney told reporters at last month's Dubai Airshow, though he said the company was unlikely to pay a special dividend to catch up with peers. [snip] Boeing Co. BA +0.67% 's board authorized a 50% increase in its dividend and $10 billion to repurchase its shares over the next several years, efforts to satisfy shareholders who have pushed for the company to return some of its soaring earnings to investors. The decisions, announced Monday, come as Boeing is fighting its largest union around its selection of a manufacturing site for its 777X. Boeing has sought significant contract concessions from the union's membership on pensions and other issues in exchange for committing to build the planned jetliner in its unionized facilities in Washington state. The $10 billion authorization comes on top of about $800 million remaining from funds authorized in 2007 for share repurchases. Boeing said it expects to start buying its shares—which have risen to record highs this year—again in January 2014. Boeing's quarterly dividend will increase to 73 cents a share, payable in March 2014, from 48.5 cents.
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