U.S. airlines want a $50 billion bailout. They spent $45 billion buying back their stock. And it wasn’t to make shareholders happy. It was make stock options more valuable.
(From The Stamford Advocate)
…it’s also a sure bet that the Big Four Flyers would need a lot less bailout money if they hadn’t sent almost $45 billion to Wall Street over the past five years to keep shareholders happy. That’s not much less than the $50 billion airline bailout package that’s being proposed.
Reprinted from: https://www.ac2news.com/2020/04/u-s-airlines-want-a-50-billion-bailout-they-spent-45-billion-buying-back-their-stock-and-it-wasnt-to-make-shareholders-happy-it-was-make-stock-options-more-valuable/