GE Dave Tanks Airline Stocks/CYA

Airline stocks were down sharply today after a Dave Calhoun Today Show interview where he gave a 3-5 year time frame for a recovery to pre-Covid traffic levels. This also brought Boeing stock down. No hopeful words, and an agreement that you'd probably see the disappearance of one of the major US airlines.

Perhaps Dave was just being honest, but I think it's more of a CYA for him and the BOD. By giving a worst case scenario picture, Calhoun sets the bar low for both himself and Boeing. He also gives himself "justification" for whatever he does on May 14th, when the VLO acceptances come out, and for the inevitable ILOs that will follow.

I'm sure all of the airline CEOs enjoyed being tossed under the bus today, but I think it was a calculated strategy to minimize holding Dave and Friends collective feet to the fire with what happens to both Boeing and it's workers in the next few years.

I smell a skunk, with a yellow "GE" stripe down it's back.

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I went thru a major Boeing layoff years ago.
Best advice, give to us by our manager who saw the layoffs coming:
"Get your resumes out ASAP - you want to find a job before 30,000 others hit the streets."

@rbu I got a Good laugh out of that Truth

He's on envelope #2 already

https://www.reddit.com/r/Jokes/comments/95a42w/prepare_three_envelopes/

OP here. No science necessary to figure out the 1% types, and this isn't a Sanders-style takedown of the aristocrats, of which Sanders is one. It's more of the weasel in the chicken coop common sense that CEOs play word games that have consequences, and that they are, as a whole, a bunch of liars and con artists.

In the next few weeks, a lot of employees are either going to be happy with their VLO or very unhappy with their WARN. My point, which you seem to get, is that Calhoun is all about himself and the BOD. They care nothing about regular employees, their lives, or the consequences of big time layoffs. Dave has cleared the table for both taking a lot of us out, and is covering his bases with the shareholders by creating very low expectations.

GE Dave and the Board will still all be multi-millionaires, own several homes, and jet around the country in the BBJ to spread their BS. Their lives will change very little.

Dave just laid a big one in the litter box with the airlines. We're going to be in there too in a couple of days. Weasels are clever, but sometimes the "farmer" gets off a good shot. Let's see how smart GE Dave's apparent strategy turns out to be in the near future. If I were an airline CEO, I'd maybe cancel a few orders to show how pleased I was with Dave's statements.

Yeah, he did them dirty

Very well thought out. Did you use science to figure that out? I believe you are 100% correct. It is bad but he’s covering his bases for any scenario. I for one am waiting on my VLO. I hope it turns out good for all.

Thread regarding Boeing Co. layoffs

GE Dave Tanks Airline Stocks/CYA

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