[Previously posted links]
If you want to see how this buy-back works, Ben Hunt does an excellent job for Boeing:
When Was I Radicalized? (Boeing edition). He calls it Boeing edition, in reference to his previous article on Texas Instruments buy-back story:
Yeah, It’s Still Water.
Both are well worth a read to provide the back story for the modern financial landscape that we have all been thrust into, and why there is almost no R&D done anymore.