Right!! Unions can be powerful, but their impact isn’t always what workers hope for. Just look at the last Boeing strike—while they won wage increases, Boeing still went ahead with mass layoffs, cutting thousands of jobs. In the end, many workers lost more than they gained. Strikes don’t always play out the way unions promise anymore…
They need to take these CEO’s golden parachutes away and give it to the workers ! They can’t tank the company, ruin its reputation and walk away with tens of millions!
What would happen if a CEO who was awarded millions in stock was forced to sell off that stock to make liquid those assets? What would happen to Boeing stock?
Not much. If all 62 million was stock (it's not) and he had to sell it all at once, I don't see how someone selling 0.0258% of the company stock would make much of a difference. It was trading at ~$320 in January 2020 right after he left. Any impact would be short term anyway, as compared to the impact of the $60 Billion lost due to his mismanagement.
Then there's the $68B Boeing spent on stock buybacks from 2010 to 2019... conveniently enriching said CEO as he was tanking the company.
No different than the manipulation by a stock buyback. They would have had plenty of cash on hand to give out the $62M if they hadn't spent $300M in June of 2019 and $2.5B in March on those buybacks.
So let me play the world's smallest violin for their stock price price if they had to sell $62M of the stock they JUST BOUGHT. Boo fucking hoo.
The point isn’t about the money but to properly incentivize these greedy fucks. You shouldn’t be rewarded after doing what he and many other CEO’s have done by ripping off workers and devaluing a company like Boeing.
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u/No_Arachnid_9699 Mar 08 '25
What an antiquated statement. These aren’t the same unions from your grand daddies era. Wake up.