Boeing Asking for $60 Billion Bailout

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  #16  
Old 03-21-2020, 07:18 AM
biker1 biker1 is offline
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Please provide a list of what the Boeing executives have done that violated the Sarbanes-Oxley Act, with references to the exact provisions of the law.

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Originally Posted by wine5465 View Post
Or these companies could do what local governments do and keep reserves for emergencies. I dont see them sharing their profits with us, the taxpayers. These CEOs make these huge bonuses but obviously did not earn them by putting fail safes in check. I think the CEOs should be fined heavily for mismanagement of these companies. This is why Sarbanes Oxley act came into being.
  #17  
Old 03-21-2020, 07:32 AM
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Just heard on the news that Delta is burning thru $50 million every day. Personally - if the airlines get a "bailout", it should be delivered in a large suitcase to each - with a $1million baggage fee.
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  #18  
Old 03-21-2020, 07:54 AM
Doglover9409 Doglover9409 is offline
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Their rich execs should bail them out not taxpayers. Bail out the laid-off workers instead
  #19  
Old 03-21-2020, 07:54 AM
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Quote:
Originally Posted by collie1228 View Post
Interesting to read that Boeing is asking for a $60 Billion bailout from the federal government. I also read in the Financial Times that between 2013 and the end of the first quarter of 2019, Boeing repurchased 200 million shares of its own stock, handing back $43 billion to its stockholders. The number of outstanding shares came down by 25 per cent. On top of that, the 737 Max debacle happened, causes solely by mismanagement at the highest levels, has cost them billions in profits as well. And now they want a bailout. If anyone should be refused a cash infusion from the government, it's Boeing.
Yea, & I’m only asking for $5,000.
  #20  
Old 03-21-2020, 07:56 AM
kenoc7 kenoc7 is offline
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Originally Posted by dewilson58 View Post
Socialism, no thanks.
You clearly don't know what socialism is. It is probably the most misused word in America.

"The term socialism refers to any system in which the production and distribution of goods and services is a shared responsibility of a group of people. Socialism is based upon economic and political theories that advocate for collectivism. In a state of socialism, there is no privately owned property."
  #21  
Old 03-21-2020, 08:25 AM
sparky4840 sparky4840 is offline
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No tears on my end. Corporate greed at it's finest.
  #22  
Old 03-21-2020, 08:36 AM
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Bring all jobs back to our country. We, America, can do this!
  #23  
Old 03-21-2020, 08:41 AM
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Quote:
Originally Posted by collie1228 View Post
Interesting to read that Boeing is asking for a $60 Billion bailout from the federal government. I also read in the Financial Times that between 2013 and the end of the first quarter of 2019, Boeing repurchased 200 million shares of its own stock, handing back $43 billion to its stockholders. The number of outstanding shares came down by 25 per cent. On top of that, the 737 Max debacle happened, causes solely by mismanagement at the highest levels, has cost them billions in profits as well. And now they want a bailout. If anyone should be refused a cash infusion from the government, it's Boeing.
A strategic industry that must survive in some form for our own security. Bankruptcy with Stock and bondholders, taking the hit. US becomes creditor in bankruptcy , if no one else steps up. Moderate interest rates and some sort of warrants for their loan. No stock buy backs allowed until full loan repayment + 2 yrs. Limit on executive bonuses during same period.
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  #24  
Old 03-21-2020, 09:59 AM
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Quote:
Originally Posted by dewilson58 View Post
Socialism, no thanks.


Way too late to shut...THAT barn door.

It's ironic that some folks don't seem to even understand the definition of "Socialism," even while it's been happening for decades...to large corporations.

I will never understand those who think self-inflicted wounds deserve "socialism/bailouts," like what's been happening to farmers since the tariff's (twice as much so far, as compared to auto industry in 2008/2009...except auto companies paid most of it back)...but not to poor and needy AMERICAN citizens.
  #25  
Old 03-21-2020, 10:32 AM
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If any bailout occurs for a publicly owned company, please keep in mind that is a very socialist type of affair. In capitalism, while there is the opportunity for great gain, there is always a risk of total failure.

But, if the administration wants to bailout any publicly owned company, I would recommend the following:

1) The government gets shares in the company equivalent to the government's investment.

2) The government gets seats on the board.

3) No executive of the publicly owned company will be paid an income (and shares and options) in excess of what a US Congressperson is paid...now about 180,000 per year.

4) There will be no benefits paid to any corporate officer in excess of that which accrue to Members of Congress.

5) If the bailout succeeds, the government will be able to cash out its bailout at then prevailing prices for the shares owned by the government.

If we are capitalist, then lets be capitalist. But, corporate bailiouts are simply a form of socialism.
  #26  
Old 03-21-2020, 10:36 AM
Megabates Megabates is offline
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Originally Posted by Chatbrat View Post
I have to disagree Boeing is a strategic resource--the company is vital to our national defense--if they fold -we are very vulnerable
Boeing is absolutly vital to our defense
  #27  
Old 03-21-2020, 10:41 AM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by dougjb View Post
If any bailout occurs for a publicly owned company, please keep in mind that is a very socialist type of affair. In capitalism, while there is the opportunity for great gain, there is always a risk of total failure.

But, if the administration wants to bailout any publicly owned company, I would recommend the following:

1) The government gets shares in the company equivalent to the government's investment.

2) The government gets seats on the board.

3) No executive of the publicly owned company will be paid an income (and shares and options) in excess of what a US Congressperson is paid...now about 180,000 per year.

4) There will be no benefits paid to any corporate officer in excess of that which accrue to Members of Congress.

5) If the bailout succeeds, the government will be able to cash out its bailout at then prevailing prices for the shares owned by the government.

If we are capitalist, then lets be capitalist. But, corporate bailiouts are simply a form of socialism.
That sounds good to me. But, I think a company that was bailed out under those conditions would probably go out of business faster than if they weren't bailed out at all.
  #28  
Old 03-21-2020, 10:41 AM
Dilligas Dilligas is offline
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Quote:
Originally Posted by JGVillages View Post
The Fed should get stock/equity in these highly leveraged companies instead of a bailout/ loan.
No thanks.....if the Fed got stock equity, then the congress and senate would believe they had the right and knowledge to run the company. They can't even run their own business of government....we the tax payers have to bail them out.

US and the world needs Boeing.....to compete with China and Airbus. If the management needs investigating and charging, OK, but the company is needed.
  #29  
Old 03-21-2020, 11:22 AM
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dewilson58 dewilson58 is offline
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Quote:
Originally Posted by kenoc7 View Post
You clearly don't know what socialism is.



bac at u:


a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
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  #30  
Old 03-21-2020, 11:55 AM
JGVillages JGVillages is offline
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Quote:
Originally Posted by dougjb View Post
If any bailout occurs for a publicly owned company, please keep in mind that is a very socialist type of affair. In capitalism, while there is the opportunity for great gain, there is always a risk of total failure.

But, if the administration wants to bailout any publicly owned company, I would recommend the following:

1) The government gets shares in the company equivalent to the government's investment.

2) The government gets seats on the board.

3) No executive of the publicly owned company will be paid an income (and shares and options) in excess of what a US Congressperson is paid...now about 180,000 per year.

4) There will be no benefits paid to any corporate officer in excess of that which accrue to Members of Congress.

5) If the bailout succeeds, the government will be able to cash out its bailout at then prevailing prices for the shares owned by the government.

If we are capitalist, then lets be capitalist. But, corporate bailiouts are simply a form of socialism.
Excellent idea. I am not sure our POLITICIANS have enough BUSINESS sense to think of this much less implement it.
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