Boeing factory workers strike after overwhelmingly rejecting contract
www.nbcnews.com
Workers in the Seattle area and Oregon voted 94.6% against a tentative agreement Boeing and the International Association of Machinists and Aerospace Workers unveiled Sunday.
  • Milk_Sheikh@lemm.ee
    6·
    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.

  • Rolando@lemmy.world
    1·
    2 months ago

    Stephanie Pope, CEO of Boeing’s commercial airplane unit, told machinists earlier this week the tentative deal was the “best contract we’ve ever presented.”

    “In past negotiations, the thinking was we should hold something back so we can ratify the contract on a second vote,” she said. “We talked about that strategy this time, but we deliberately chose a new path.”

    I don’t know anything about their contract negotiations, but if someone said this to me during negotiations of any type, my BS detector would be off the charts.