“We spent about $8 billion primarily on buying back our stock last year, which I think is going to be -- was and is a very good decision. And -- but we still have 15 -- at least $15 billion to deploy over the next couple of years. ”
Keep that in mind as they tell you that they cannot give raises, or backfill empty positions, or afford paper towels for the break room.
I guarantee the stock will go up. You’ll go down to the unemployment line. They’ll will ask you. Why they got rid of you. Because I’m a future shaper, that’s explains why you’re here.
Also, you don’t need a degree. Again! I didn’t see why you’re here.
DA was a poor choice for being group CEO. Pretty lame excuse of setting a COO position for he claims that he needed to think more strategically. What was he doing? Chasing revenue like every other shop manager? VK is no better and worst of all, a ruthless leader that will skin his own kids to save his own. Things aren’t going to get any rosier going by the signs of the stocks which has been nose diving for 6 consecutive months. Somethings gotta give and that something is usually operating cost which means jobs.
Stock buybacks have nothing to do with paybacks to owners.
Ther are don't to artificially boost the stock price. Executives bonuses are tied to stock price.
Stock buybacks are share price support. They are presented as ways to payback their owners, but I don't see that as being true. Paying back the owners would be coming up with new ideas and developing new products. Honeywell is captained by a bunch of selfish losers.
I got rid of my HON stock in 401k, no problem having 0% in HON
This guy has been and still is totally tone deaf to anyone outside the C suite.
What a pitiful excuse for a human.
It absolutely means the leaders only know how to make a profit through cannibalisation. What losers.
Really glad I left last year. Only wish I had left sooner.
You can certainly move the Hon stock in 401k to another selection
Move it as Hon stock is stalled
Stock buy back only provide a temp boost to share price, bit it is practically useless long term.
If the company is truly worth more and have outstanding performance, the share will reflect that
Companies should instead use the surplus to reinvest into the biz, or via acquisitions
When a company do a stock buy back, they are padding thr executives' wallet, as it may help their performance metrics for their bonus
And that could also mean the Execs do not how yo invest the money for a better returns
I left HON few years back, but still being forced to keep their 45% of stocks in my 401K portfolio. Tried changing it few times but it didn’t work. Has anyone experienced this? Thanks
The great Dave Cote blamed the greedy employees for causing stock buybacks. He stated Honeywell is “forced” to buy shares to cover the shares Honeywell gives to employees through the 401k and other share based compensation programs.