Talk of The Villages Florida - Boeing Asking for $60 Billion Bailout

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Originally Posted by Topspinmo (Post 1731144)

Boeing downfall is the 737 max, bad programming, bad training, bad decisions. Expect government hand out again after over charge government for all contracts they got. Let it go bankrupt.

That is exactly what happened. The engineers warned Boeing about the bad design of moving the engines further up on the wings. This made the planes non-aerodynamic. Then they had 2 computer systems fighting against each other to remedy the problem and finally to save money Boeing did NOT tell the pilots about this or give them the required training. Boeing SHOULD go under!

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Originally Posted by vilger (Post 1730606)

Boeing should be allowed to go bankrupt if they can't extricate themselves from the mess that they created for themselves. Bankruptcy does not mean that the company will cease to operate; it just means that the current stockholders will be wiped out, and the current creditors will become the new stockholders. The company can then start anew with no debt. GM went bankrupt during the Great Recession; the stockholders were wiped out but the company still exists. The taxpayers should not be on the hook for corporate mistakes; it's called Capitalism.

Oh, I’m sure who would come back and take over all of the lost business: C-H-I-N-A! There we go, let Boeing, GM, Ford, restaurants (that’s what we need more of China Buffet) all go under! Make you wonder? 🤔

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Originally Posted by rmd2 (Post 1731262)

That's 153,000 good paying jobs you're willing to throw away..

We should bring ALL jobs back to our country. Jobs and security. We should never depend on others for our necessities that really don't like us.

I totally agree that Boeing is a critical industry, but in our system, stockholders take risks to earn rewards (dividends, higher stock prices, etc.) This is a classic case of stockholders betting on a management team that turned out to be good at the financials, creating a lot of wealth for stockholders over a long period, but ended up showing that they have no idea how to run a technological giant like Boeing. This company is famous for its engineering proficiency over decades, then for some reason, someone decided that the engineering-focused top managers should be replaced by finance and marketing-focused people, and the result is a complete disaster. If Boeing is to get a bailout, it should be conditioned on a complete restructuring of the company, replacing its current CEO office and board of directors, and forcing current stockholders to pay a significant price for betting on an incompetent management team. Maybe in the future they may prioritize good engineering and safety, with less pressure on the financials.

That is just silly talk. If you bothered to look, you would have seen that Boeing is the second largest defense contractor. The commercial business (737, 747, 777, 787, etc.) is about half of the total revenue. You are suggesting that a company that is crucial to our national defense should go under because of an issue with one of their several commercial planes? That makes a lot of sense.

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Originally Posted by rmd2 (Post 1731262)