So, no merit raises, instead Boeing is giving stock grants, I think it is only fair and ethical to include the thousands that were involuntary laid off this year due to Covid. It’s the least they could do.
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Those grants have strings attached, three years until vested. Think about the number of people to be laid-off (ILO/VLO) versus who makes the cut. The amount of money Boeing saves by doing it this way is smart because those who leave lose their special stock; no loss to the company. On the other hand, this is bullsh*t because I’d imagine most executives and Calhoun especially made a k–ling when without the machinists, painters, and other trade’s people this company can’t produce anything.
You are trying to educate Boeing employees which is not an easy thing to do. One of Boeing great downfalls is that it refuses to change. People feel they are untitled to things even when the company shouldn’t exist. People would rather lie to themselves and feel they are victims. Good luck trying to educated an outdated skill workforce
You have no understanding of fiancé markets and maybe that is why Boeing was headed for bankruptcy. Boeing couldn’t raise any money and was going to be bankrupt. Boeing went to the FED seeking money. The FED bought Boeing debt indirectly from the market by purchasing Bond ETFs. So if you are so dumb not to understand this is just proof that Boeing needs to do more layoffs.
https://www.bloomberg.com/news/articles/2020-05-02/the-non-bailout-how-the-fed-saved-boeing-without-paying-a-dime
Please get tour facts straight or at least educate yourself so Boeing won’t have to do more layoffs
Nothing stupid about the initial post, guessing you two are the same two, that probably don’t even work for Boeing, but have nothing else to do but bash posts continuously. Involuntary laid off workers should be entitled to this stock.
@jnf+18tj2BPa actually your post is really close to being as stupid, maybe more so.
Boeing took ZERO DOLLARS from the US government. They raised their own capital and are now $64B in debt. So, your post is pretty stupid.
Now, the stock options are for NON UNION only and only for this year. Raises for next year will be evaluated at the time. This is a one time thing. But you would know that if you actually worked for Boeing.
This is the dumbest post ever! Now I know why Boeing had to lay people off. The US government basically bailed out Boeing. Boeing shouldn’t exist! Everyone should have been laid off. We are lucky anyone has a job! Every tax payer should be given Boeing stock for helping the company not go under. Boeing obviously needs to layoff more people like the one who made this post!