As we change the way we live our lives, corporations like Boeing should
change the way they are run.
https://www.salon.com/2020/03/28/7-rules-to-rein-in-the-boeing-bailout_partner/
Call it the "Boeing bailout." As the world struggles with the pandemic,
Boeing should be seen as the vector for a parallel epidemic.
It's Patient Zero in an epidemic of corporate failure.
As we change the way we live our lives, corporations like Boeing should
change the way they are run. Corporate mismanagement made this crisis
worse and, if it doesn't change, will make the recovery more difficult.
Unfortunately, it looks like Boeing and its fellow malefactors are going to
get a free ride. The corporate bailout is coming down the track, thanks to
the new Senate agreement, with oversight that appears no stronger than
that used in the bank bailouts after the 2008 crisis. That leaves the public
exposed to ongoing corporate abuse, even as its government acts to rescue
the abusers.
All signs indicate that Priority Number One is the rescue of our most badly mismanaged corporate vectors. President Trump says "we have to protect Boeing," this country's largest exporter and a major employer. Boeing itself has called for "a minimum of $60 billion in access to public and private liquidity, including loan guarantees, for the aerospace manufacturing industry."
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Vector {Disease – Transmitting Organism} Boeing
(Biology Analogy) an organism such as a mosquito or tick that transmits
disease-causing microorganisms from an infected person or
animal to another or from one corporation to another.
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Rule 4 /// Read all 7 when you can
- Senior executives must be replaced, and their past compensation must
be reviewed for signs of malfeasance, stock manipulation, expense account
padding, or any other signs of over payment.
Clawbacks of excess compensation should be considered,
where appropriate.