Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Boeing workers vote to strike

washingtonpost.com

Post reply on HN
Print view View original

351–360 of 578 posts

Re: Boeing workers vote to strike

#351

Post by positr0n »

MereInterest wrote: post #113
bombcar wrote: post #99

Earlier quoted context omitted.

Stock buybacks are mathematically identical to dividends if you work it out. And yes, people track that, and yes taking loans to pay dividends is a favorite trick of dying companies.

Aren’t they taxed differently, though? To my knowledge, dividends are taxed as ordinary income, whereas sales following a stock buyback may be taxed as capital gains (if they were held long enough before that point).

As a shareholder, dividends are income. Cash going in to your account that is taxed immediately.

A stock buyback of 1000 shares means that your one share now represents 1/999,000th of the company, not 1/1,000,000th. Thus the share is worth more. It isn't income until you sell the share and pay taxes on the gains. This flexibility is useful and can result in tax savings depending on the situation.

Re: Boeing workers vote to strike

#352

Post by para_parolu »

evilos wrote: post #335
marcusverus wrote: post #296

Earlier quoted context omitted.

> Boeing’s lead corporate criminal defense law firm is Kirkland & Ellis. Cox, the lead prosecutor in the Boeing case, left the Justice Department earlier this year. And last month she joined Kirkland & Ellis as a partner in its Dallas office. It looks like the firm bought the prosecutor, resulting in a win for its client. How could this be prevented, though? Politicians can't be trusted with oversight like this--they…

Can't a law be passed that states prosecutors legally cannot consult or assist in cases or for defendants they were involved with during their tenure as a prosecutor for X years after they leave their position?

Then some friend of Boeing CEO would invest in prosecutor's startup

Re: Boeing workers vote to strike

#353

Post by triceratops »

evilos wrote: post #335
marcusverus wrote: post #296

Earlier quoted context omitted.

> Boeing’s lead corporate criminal defense law firm is Kirkland & Ellis. Cox, the lead prosecutor in the Boeing case, left the Justice Department earlier this year. And last month she joined Kirkland & Ellis as a partner in its Dallas office. It looks like the firm bought the prosecutor, resulting in a win for its client. How could this be prevented, though? Politicians can't be trusted with oversight like this--they…

Can't a law be passed that states prosecutors legally cannot consult or assist in cases or for defendants they were involved with during their tenure as a prosecutor for X years after they leave their position?

The allegation is the prosecutor got a cushy gig at the law firm, not that they subsequently worked on the case after switching sides.

Re: Boeing workers vote to strike

#354

Post by markus_zhang »

marcusverus wrote: post #296
mnau wrote: post #234

Earlier quoted context omitted.

They hired the lead prosecutor that cut them a deal. To be precise a Boeing criminal defence firma hired her after she left the Justice department. It's the American way.

> Boeing’s lead corporate criminal defense law firm is Kirkland & Ellis. Cox, the lead prosecutor in the Boeing case, left the Justice Department earlier this year. And last month she joined Kirkland & Ellis as a partner in its Dallas office. It looks like the firm bought the prosecutor, resulting in a win for its client. How could this be prevented, though? Politicians can't be trusted with oversight like this--they…

If the whole legal system protects and even encourages such actions, maybe...wait an UPS guy is knocking the door, strange I don't remember ordering anything...hold on.

Re: Boeing workers vote to strike

#356

Post by deepsun »

jandrese wrote: post #303
iancmceachern wrote: post #86

Any Boeing engineers who may be looking for alternate paths, please know that I've known many great aerospace engineers who have made a pivot to medical devices very successfully and many of the best medical devices to come out in recent years are due to such. It seems very different but really it's very similar.

On one hand I can't blame any engineer that wants to flee, but on the other Boeing really can't afford any more brain drain. We are already seeing the results of years of forcing experienced but well paid engineers out and outsourcing their jobs. Planes literally falling out of the sky, but some nice fat executive bonuses.

That is a feature of capitalism and effective market. If a company falls a little bit below competition -- market forces it do dive even deeper, die quicker.

I'm not saying it's good or bad. I've seen communism, and it's much worse to help failing companies -- they tend to fail even more instead of improving.

The problem now is that international market is not really fair, trade treaties help too little.

Re: Boeing workers vote to strike

#357

Post by lainga »

cptcobalt wrote: post #324
Maken wrote: post #212

Earlier quoted context omitted.

I seriously wonder how long it would take for a team of engineers to produce a competitive commercial airplane, from planning to the first prototype, if they started right now. Also, is it viable to produce something like the A320 in low quantities when airlines need fleets in the hundreds?

> Also, is it viable to produce something like the A320 in low quantities when airlines need fleets in the hundreds? Bombardier thought so, and did so! They developed and introduced the C-series aircraft to compete with smaller 737s and A320/A319. After introduction, Boeing fucked them over so hard that they sold the aircraft program after introduction to Airbus for a token sum. Airbus now builds and sells the C-seri…

And it went right into the little shelf in many Canadians' heads of "Canadian companies destroyed by the USA". Mauldite en soit trestoute la lignye.

Re: Boeing workers vote to strike

#358

Post by enriquec »

toomuchtodo wrote: post #242
Maken wrote: post #212

Earlier quoted context omitted.

I seriously wonder how long it would take for a team of engineers to produce a competitive commercial airplane, from planning to the first prototype, if they started right now. Also, is it viable to produce something like the A320 in low quantities when airlines need fleets in the hundreds?

Why? Have the government step in, nationalize Boeing, give the union a board seat, and keep shipping. The problem is Boeing management and their board enabling the train wreck; don't build from scratch, refactor.

[flagged]

Re: Boeing workers vote to strike

#359

Post by banannaise »

AmericanChopper wrote: post #68
JackYoustra wrote: post #27

Earlier quoted context omitted.

It's kinda fun, right? The whole point of tying executive compensation to share price was to have them have some rough stake in the business, but even that didn't prove enough: there's always a longer term, and doing a visible, clear NPV boost is usually accretive to market cap even if it introduces long-term risk, because the long term risks are usually hidden from public eye and very mushy. Ironically, I think the…

Then blame the board imo. They define the objectives for the CEO, the incentives for achieving them, and the governance framework for governing their execution. If shareholders want this “short term thinking” that always gets brought up, then they have every right to it. Of course this “short term thinking” trope is just a meme that the armchair commentators like to pedal out. If the system was dysfunctional enough t…

> Then blame the board imo.

The Board of Directors at most major corporations is made up largely of current or former executives, many of whom come from the same industry. It's in their personal interest to normalize lucrative and exploitable compensation plans.

You would also be shocked to know what people control the lion's share of investment dollars.

Re: Boeing workers vote to strike

#360

Post by paulvnickerson »

M95D wrote: post #160
hungie wrote: post #21

Good. Jim McNerney absolutely shredded the culture, and eroded decades of good will. It's far past time workers for Boeing pressed for things to go back to being an engineering and manufacturing led company. Striking is one way to get closer to that, good on them.

Ever heard of a stock-price led company that "went back to being an engineering and manufacturing led company"?

Maybe they should go private then, like Musk did with Twitter.
Post reply on HN