Originally Posted by
olly
Never know what Boeing would have done if the vote went the other way. IMHO, overshadowing the faustian vote of UAM selling out the next generation, is the corporate greed involved in decimating the pensions and total compensation, and even going to the extent of (paying company $$ to lobby for) requesting RFPs to see what state would give the most corporate welfare, so they could make a viable threat to relocate if the UAM didn't cave.
I can understand compensation reduction when the revenue just isn't there to support "desired" compensation, margins too small for capital investment or R&D, but when the revenue clearly is there ($10B buyback, increased dividend, record profitability, order backlog, and the threat to spend another $10B to move- there is NOT a shortage of $$) and the company puts the boot down on it's people because they can, it's not a good news story and is a discouraging trend in American history.
Especially, with a "labor friendly" administration