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Boeing put Wall Street first, safety second ahead of Alaska Air blowout

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11–20 of 95 posts

Re: Boeing put Wall Street first, safety second ahead of Alaska Air blowout

#11

Because Boeing is so important to national security, everyone involved in leading this from the CEO to the board of directors should be treated as traitors and have all their assets seized and spend the rest of their life in a maximum security federal prison.

If it's really that important it should be government-owned, like Airbus. You can't give random people free reign and then punish them if you retroactively didn't like it.

Re: Boeing put Wall Street first, safety second ahead of Alaska Air blowout

#15
post #5
post #4

How is this putting wall st first when they have tanked their rep and stock price

Well, obviously, they weren't planning on this outcome.

> they weren't planning on this outcome

Unless they didn't plan at all (an answer I would not accept, or would advocate for prison terms if true), then they absolutely did plan for this outcome. Putting safety importance somewhere except the most important factor in manufacturing commercial passenger planes puts this exact outcome in the "planned" category.

Re: Boeing put Wall Street first, safety second ahead of Alaska Air blowout

#16

Because Boeing is so important to national security, everyone involved in leading this from the CEO to the board of directors should be treated as traitors and have all their assets seized and spend the rest of their life in a maximum security federal prison.

This is what happens when monopolies are allowed to exist. In a competitive market if the CEO gives away market share to rivals due to reckless indifference to safety and becomes a liability, they will be fired or the company gets spun off to fend for themselves. When we as a society allow a monopoly to exist, then government assumes responsibility for whatever that monopoly does with its power. Government intervention ought to be a last resort, not the first. The only reason anyone's calling for government action here is because we allowed Boeing to become a monopoly to begin with, so now we have no other choice but to accept what Boeing has become or else break it up. All monopolies will eventually do something to harm the public in exchange for personal wealth. It is an inevitability.

Re: Boeing put Wall Street first, safety second ahead of Alaska Air blowout

#17
post #10

When public companies get fined, those fines should come 100% out of profits, not revenue. That might help resolve this kind of conflict of interest.

What? Fines are expenses, they do "come out of profits" to whatever extent that has meaning. They also aren't deductible expenses for taxable income if that's what you're talking about.

Re: Boeing put Wall Street first, safety second ahead of Alaska Air blowout

#18
post #10

When public companies get fined, those fines should come 100% out of profits, not revenue. That might help resolve this kind of conflict of interest.

How do you fine profits?

Extra percentage points on their tax rate? The question is if they could use more aggressive tax avoidance schemes to counteract this?

Re: Boeing put Wall Street first, safety second ahead of Alaska Air blowout

#19
post #10

When public companies get fined, those fines should come 100% out of profits, not revenue. That might help resolve this kind of conflict of interest.

They should actually directly hit the stock price. Set the fine per stock unit.

Re: Boeing put Wall Street first, safety second ahead of Alaska Air blowout

#20

Because Boeing is so important to national security, everyone involved in leading this from the CEO to the board of directors should be treated as traitors and have all their assets seized and spend the rest of their life in a maximum security federal prison.

If it's really that important it should be government-owned, like Airbus. You can't give random people free reign and then punish them if you retroactively didn't like it.

(Airbus is only ~25% government-owned)
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