Worst possible news for Boeing

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March 17th, 2020 at 6:42:56 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 946
Posts: 11169
It’s ‘Aero-mageddon.’

David L. Calhoun is an American businessman and former chairman of The Boeing Company. Calhoun was appointed president and CEO-designate of Boeing on December 23, 2019, and assumed the president and CEO role on January 13, 2020.
March 18th, 2020 at 1:22:14 PM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 22
Posts: 4667
Quote: SOOPOO
Not agreeing nor disagreeing.

Should Hyatt get money?
How about Royal Caribbean?
How about MGM?
How about the company you work for?
How about shuttered random small business in NYC?
How about my son the bug expert in Florida?
How about you?

In general I totally agree with you that the government should not prop up failing businesses, but even I see how this is an acceptable exception.
Should the new loans be used to pay bonuses to management, who have for years made the decisions that have put Boeing in this position?

As I posted above, they have bought back shares with borrowed money, now they don't have any. The share buybacks are what determined the increased bonuses for upper management, who made the decisions to borrow money to buyback shares to drive the price up, which influenced their bonuses.
Everyone gets thrown from the plane to maintain altitude
April 6th, 2020 at 4:40:44 PM permalink
petroglyph
Member since: Aug 3, 2014
Threads: 22
Posts: 4667
135 Boeing employees test positive.


https://www.marketcrumbs.com/post/boeing-troubles-continue
Everyone gets thrown from the plane to maintain altitude
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