BrainWorms

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This is a place where I post interesting things that I find and cant categorize into one of the main subs I follow. Enjoy a front seat as i descend into madness

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DeadWorld@lemm.ee

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Boeing workers overwhelmingly reject contract, prepare to strike (www.nbcnews.com)

submitted 2 months ago by DeadWorld@lemm.ee to c/brainworms@lemm.ee

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[–] Milk_Sheikh@lemm.ee 6 points 2 months ago

We were hoping you rubes would just take it, there’s c-suite pay and the market to worry about

President and Chief Executive Officer David L. Calhoun - $32,770,519
CEO of Commercial Airplanes, Stanley A. Deal - $12,200,851
Chief Financial Officer Brian J. West - $11,910,638
CEO of Global Services Stephanie F. Pope - $9,537,503
CEO of Defense, Space & Security Theodore Colbert III - $8,963,171

In each case, easily 75% of their pay package is from stock options - their loyalty is to the line going up, not steady and organic growth by restoring a solid foundation to the company and investing in their (little) people.

Especially so in parallel with the $68 billion in stock buyback Boeing leadership has done since 2010. All done to boost stock price by reducing the float - $68 billion that wasn’t spent investing in the company’s future, safety standards, quality controls, the end product, or workforce.