While the companies responsible for the door plug that blew out of a plane in mid-air last week were cutting corners, outsourcing manufacturing, laying off employees, and working to evade expensive safety upgrades, they paid their top executives $817 million and showered Wall Street investors with $68 billion in dividends and stock buybacks over the past decade.
By some estimates, the amount spent on stock buybacks that enriched shareholders was more than the projected cost of making safety upgrades that experts say were necessary.
