https://www.bloomberg.com/news/artic...er-wsj-reports

 

Wait, I thought Boeing was supposed to use that tax cut money to add jobs and pay higher wages?

 

Boeing has about $10 billion in the bank ... in the USA. More outside our borders stuck because of the previous 35% repatriation tax rate. Boeing recently told investors it has a positive $4.5 billion per quarter in cash flow. Boeing has previously announced stock buy backs in the single digit billions as well as dividend payments to investors and has a fully funded pension program.

Boeing will give stock and cash for the purchase of Embraer and not blink while doing it. Plus, wouldn’t the managerial oversight of Embraer create jobs? Wouldn’t the integration of product lines and standard jobs (e.g. sheet metal workers, avionics, wiring, etc.) also stand likely to create some jobs ... but also likely eliminate some due to economies of scale.

And, where does any of that stop them from raising wages ... notwithstanding they already have one of the most highly paid work forces in the USA?

 

I'll landscape Ric Wilson's likeness into my pubes the day Brazil sells off any fraction of Embraer.

 

Does this mean E175 Driver will change his name to Boeing 175 driver or what?

 

Probably, as soon as he can figure out how to spell it...

 

Best post I've read in months!