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 Clueless: Boeing doesn't deserve a bailout

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RR Phantom

RR Phantom

Location : Wasted Space
Job/hobbies : Cayman Islands Actuary

Clueless: Boeing doesn't deserve a bailout Vide
PostSubject: Clueless: Boeing doesn't deserve a bailout   Clueless: Boeing doesn't deserve a bailout Icon_minitimeThu Mar 26, 2020 11:43 pm

If you want an example of how keeping Wall Street happy can undermine your business, look at Boeing. And if you're also interested in seeing how already-well-paid corporate directors can get a raise while presiding over a horrendous mess that helped lead a company to need a federal bailout, you can look at how Boeing's directors gave themselves a $US20,000 ($33,000) raise (to $US366,000) last year from what they got in 2018.

Clueless: Boeing doesn't deserve a bailout 30c990fc84fe13215d7ae27a9d80bb01a91a87b2

And finally, if you want to see an act of utter cluelessness given what's going on in the US, look at how Boeing sent more than $US1 billion ($1.6 billion) of dividend checks to its shareholders three weeks ago, as the COVID-19 crisis and corporate bailout requests were both spreading.

It wouldn't have been easy or comfortable for Boeing to revoke or delay the dividend, which had been declared in December before COVID-19 became a household term. But the company didn't even try.

https://www.smh.com.au/business/companies/clueless-why-boeing-doesn-t-deserve-a-bailout-20200327-p54ee3.html
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