BOEING VIRTUALLY BANKRUPT WITHOUT A BAILOUT
Updated
This will be one a the biggest financial scandal of all time and a symbol of CEO incompetence , misappropriated rewards and criminal Fraud/ cheating / negligence at its highest level without consequences for the said CEO
This is an encouragement for all greedy CEO to take the highest risk possible to gain short term bonus at the expense of the long term consequences on the company viability
Dennis Muilenburg, Boeing's former CEO, left the company with $80.7 million in pay and benefits, after being fired over two aircraft crashes that killed 346 people in total. Now he can add to this the collapse of boeing
He will be the only one benefiting from his criminal actions and has been paid hundreds of millions for doing it over the last 5 years
He deserves to be prosecuted and sue until he got no money left and his family
Justice need to be made
This is an encouragement for all greedy CEO to take the highest risk possible to gain short term bonus at the expense of the long term consequences on the company viability
Dennis Muilenburg, Boeing's former CEO, left the company with $80.7 million in pay and benefits, after being fired over two aircraft crashes that killed 346 people in total. Now he can add to this the collapse of boeing
He will be the only one benefiting from his criminal actions and has been paid hundreds of millions for doing it over the last 5 years
He deserves to be prosecuted and sue until he got no money left and his family
Justice need to be made
Comment
Boeing said yesterday that it needs a "minimum" of $60 billion in government aid in order to support the U.S. aerospace industry's 2.5 million jobs. Boeing didn't indicate which portion of the aid it would need directly, but noted that it relies on at least 17,000 suppliers around the country and holds the position of the biggest U.S. exporter.I believe Boeing is too big to fail for these two obvious reasons above and the politics involved with airbus duopoly
Watch and this might be close to bottom now , the storm seems behind us
If they don't bail or nationalise it then it is down to 0 in a blink of an eye and equity is wiped out so play safe
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