Boeing, and anyone like them, NEEDS to fail.
With everything I know about Jim Cramer, that means Boeing is doing great and I should probably invest in it now
Capitalism in on itself isn’t bad, it can be the most efficient system for everyone to grow.
However
You need to have a solid set or rules in place that makes it work well for everyone. No monopolies, for (a simple) example, bit also if a small company does, there is bankruptcy, the the same needs to apply for a mega corporation. If a corporation is too big to fail, and require bail out then at least sack and replace the entire C suite, and upper management, no golden parachutes, no bonuses. Hell, if the company is so important that govt need to step in with billions, hold C suit personally responsible. If I fucked up and my company goed bankrupt, I can lose my house, why should a CEO get a bonus for doing the same thing but 100.000 times bigger and worse?
Maybe boeing needs to die so it can be replaced with something that does a better job.
if your business requires government funding in order to function, your business should be a government agency instead of a business
Privatize the profits and socialize the losses.
Fuck Boeing and Jim Cramer, especially.
Can’t believe that hack still has a show.
Locally you can usually find places that help low-income people learn to budget their money.
What’s stopping the government from buying boeing for pennies once it’s bankrupt?
Mostly this:
Our national motto really should be “profit over people.”
The only reason i would keep them alive is to not cost all the shopfloor their jobs. Can all the executives though
Unfortunately, as someone screwed over by the Recession, I can assure you that that’s not how it works. The executives get bonuses that they can use to buy up investments for cheap and everyone else gets pink slips.
I guess it’s time for them to break up the company and sell to others who can pick up the reins and rebuild. They made this bed. The shareholders have made their money for years and years at a cost of human lives as seen time and time again. The shareholders could always pay back the formerly ever increasing dividends they have reaped over the past 10 years if they want to bail out the company they own.
No more taxpayer bailouts for the ownership class.
Nationalise it if it’s too big to fail but can no longer operate as a public company.
Communism! Muh free market!
Alright, then the market is free to let Boeing fail
Structured bankruptcy is not the cataclysmic event CEOs and major shareholders want you to believe.
I know a startup that declared bankruptcy and “sold” to another organization… owned by the startup holders… to avoid paying debt.
It’s all a game to take more money out of taxpayers.
Yeah that’s called phoenixing and is very illegal.
If a for-profit company needs to be rescued they usually shouldn’t be rescued.
oh, I see how it is, you want poor American workers to lose their jobs, eh? now give us money fucking slave.
We could take all the theoretical bailout money and just give it to the newly unemployed workers.
They would just blow it in penny whistles and Moon pies! /S
I’m not an astronaut stuck in space. I’m not too worried about it.
There was an article recently that was clearly just PR about how they’re not concerned being stuck up there because there’s so much to do and the views are amazing and so on.
Sure.
The might read this, so I am hoping they do make it safely back here. But yeah, wtf was that all about? They’re fine! They are busy and have food for 3 months and such.
Maybe Boeing should have thought of that before making poor decisions. It should learn a little something called personal responsibility and if it goes broke, well, that’ll be a shame. Anyway!
Boeing stopped pulling on its bootstraps and wants government welfare.
If Boeing had just put a few dollars a week into a savings account when it was 18, it could have retired by now.
