Woman Responds To Companies Failing Because Of Coronavirus By Saying The Same Things Poor People Hear
Those who are living below the poverty line have always faced criticism from both politicians and the public. While there are many proposed causes of poverty, those who rely on the government’s assistance to get by are often perceived as “not hardworking enough” or simply “lazy.” Last year, according to the U.S. Census Bureau’s 2018 estimates, 38.1 million Americans lived in poverty. As many as 17.3 million of them lived in deep poverty, with incomes below 50% of the poverty threshold. Yet, instead of receiving appropriate support, these people are often told to pull themselves up by their bootstraps. Or get a better paying job. Or two jobs. If only it were that easy.
Recently, Twitter user @KeziyahL went viral for highlighting how unfair and unreasonable it is to blame people in need for their own struggles, instead of offering help. You wouldn’t say that to a billion-dollar company struggling to keep itself afloat during the coronavirus crisis, would you? Well, that’s exactly what she did, with the purpose of showing how ridiculous it would sound. Scroll down below to see it for yourself.
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Share on FacebookAll of the big executives at Boeing make salaries well into the millions. No bailouts for the company. They need to start making changes in compensation packages for these people.
It's not about the executives but the shareholders. The problem is: many companies took loans to buy back stocks. By doing so they got better ratings and their stocks went up, so their shareholders got more money. Now instead of saving for bad times they invested all their money to buy back even more stocks to get even better ratings. And suddenly they are out of money, can't pay back their loans. This would be no problem: they had to file for bankruptcy that's not the end of the company, the company would keep running like now just under observation. BUT, all shares would go to zero, all shareholders had a 100% loss. It was their own choice to invest in an irresponsible company, so no problem right? Now in the US as far as I know the pensions fonds rely heavily on Boeing stocks... and there you have it: the big f*ckup this is all about. Boeing knows the state won't let them fail and don't care about the risks and the state failed because it made itself dependent on single companies.
Load More Replies...As someone who worked for the airlines...this is fact: A couple of years ago the price of jet fuel skyrocketed. To offset their own financial loss from the rise in fuel...The airlines implemented baggage fees. Well you should also remember that the cost of Jet fuel eventually went back down. But guess what? Those baggage fees remained. On top of that, Airlines got greedy once they saw people were willing to pay for the dumbest s**t. Want to board early? Fee. Want to sit in the Aisle? Fee. Wifi? Fee. The airlines made hundreds of millions off these micro transactions. So much so that as an added incentive to their employees, Delta cuts their staff a bonus "thank you" check every year...on average two month's worth salary. This acts as a buffer to keep them from unionizing. So no, I'm not eager to help out the airlines. Not when it costs over 2 grand just to fly a family of 4 across the country for a vacation.
Don't know why Bill is getting downvoted. Boeing isn't an airline. It's a plane manufacturer. It's NOT AN AIRLINE-- they don't buy jet fuel or set baggage fees. Airlines do that. People seem to be commenting as if they don't care because Boeing is just some airline. It's not. It's one of the only plane manufacturers and engine manufacturers in the world (the other being Airbus). Boeing aren't responsible for micro-transactions or the cost of flights, not really. The reason they have no capital is because planes are insanely expensive to build, and their product, the 737 max had problems, which they had to fix out of their own pocket for airlines (fair enough, it was their bad), with the idea being that once the planes were running well the airlines would pay for their existing shipments and ship more. All the planes being grounded means all of that is gone. Yeah their ceo makes like 14 million but the margins in aviation are crazy tight, its not like his wage would have helped much.
Load More Replies...It is ironic that companies like Boeing and government Repubs claim to be "conservative" when they are the exact opposite. They have developed a system where the rich and powerful can gamble, grab the profits, and then leave the taxpayers to pay the bills. That's not capitalism. It is corporate welfare. It is no coincidence the MoscowMitch decided to write the next "rescue" bill with only Repub input. I bet there are some permanent tax cuts for corporations thrown in there as well.
Getting and hoarding all the resources is actually the root ideal of Conservatism. We have Edmund Burke to thank for that; he believed firmly that humans desire to ruled and controlled, but how to determine who was worthy to rule? He hit upon the idea of hording and acquiring property to prove moral and intellectual "superiority," using possessions as a proxy for war. If you are a Moral and Intelligent person who deserves good things, you'll get them. That's why Conservatives steal money, power, and influence while refusing to help others. They literally believe that poor people deserve to be poor because they are immoral and stupid, and desire to be ruled and oppressed. Thus, the natural progression of Conservative philosophy is fascism/authoritarian dictatorship. Add the ugly marriage of these Regressive Religious influences in America (and the Prosperity Gospel) and you have a group of "leaders" intent on Theocratic Dictatorships keeping the average citizen powerless.
Load More Replies...Not gonna lie... I had a "corona-crisis" breakdown in front of my husband yesterday. My solopreneur pet care business has all but gone out of business. I've been reading ALL the "suggestions" from articles about getting a side hustle (I already have one), getting a temp job (I have an interview today), and being "more responsible with money" (I had cancer two years ago and am STILL paying off debt from that). Reading these made me realize I'm being too hard on myself... that OTHERS are being to hard on people whose circumstances they don't know. I know these are meant to point out the ridiculousness of pressures on the working poor, but this also took the sting out of yesterday... when I cried in front of my husband because I felt like fault of my situation was mine, and not the crisis of an unexpected pandemic. Be kind and gentle to people. You just don't know their life circumstances. Be safe and well out there everyone... and be kind to others AND yourself.
Why in this day and age do you have to pay off a debt from having cancer? In most societies all treatment is free. It's disgraceful to charge people for what they cannot help!
Load More Replies...and yet all the big business ceo's and such are still raking in massive paychecks, all the while asking for govn't handouts and laying off lower lvl employees to protect those paychecks
That second vacation home isn’t gonna but itself you know...-__-
Load More Replies...Yeah, let them go bankrupt! And screw those 150,000 employees too! wait, what?
For decades I worked hard and quite skillfully in any position I had, but remained in poverty because upward mobility is a fairy tale almost always only achieved by the lucky or sycophantic. My dedicated work and B.S. degree meant nothing when corporations stopped hiring and started laying people off, and all it took was a bit of bad luck to drive me to homelessness. I remained homeless for over six years, and, yes, I had a full-time job, but wages here aren't nearly enough to afford housing. A second job wasn't even an option, as I had to arise at 5:00 AM to go to work at hard labor in high heat and humidity, and I arrived back from work over 12 hours later exhausted. After years of this b******t I had finally had enough and decided to direct my energy towards suckling the teat of government payouts, which was previously anathema to me. It finally paid off and I now get to enjoy shelter, food, healthcare, and time to direct my efforts towards producing art rather than sweat...
..and blood for greedy businessmen to sop up and take credit for.
Load More Replies...Look, I know i'll get downvoted and am sounding like a broken record at this point but I think people are conflating airlines with Boeing... Boeing makes planes only. They don't decide legroom or microtransactions etc, ok? Yes I agree CEOs make too much in general and stock buybacks are bad, but Boeing going under is bad. It's bad for the US economy. Prior to their issues. Boeing is/was the leading manufacturer in the world and made a lot of revenue for the US. People saying, 'well other companies would' ... no. No one is going to fill that gap... the cost of an airplane manufacturer startup would be trillions of dollars. It costs billions of dollars to engineer a plane from start to finish. One tiny mistake in engineering, one plane crash and it would cost billions. The margins are crazy tight. If anyone even dared to manufactuer stuff for civil aviations it would prob be a Chinese or asian company, not American. In the meantime, everyone would just buy planes from Airbus instead.
cont... Ultimately, if Boeing goes under it would change aviation forever (Airbus would be the main manufacturer) and cost the US a c**p ton of money in export revenue and jobs. Look, I don't agree with bailouts and agree the system does need to be changed. We need to rethink how we fly anyway. But them going under would not be a good thing for the economy. Yeah you can blame Boeing for their 737 MAX issues and it is their fault of course, but they were fixing their issues. If the coronavirus hadn't happened they probably would have gone back into the black again. But I am pretty sure they will be bailed out-- they are actually most likely to be bailed out over Airlines etc because of the exports and money they make doing that. All that said, given their issues with the MAX and their insolvency, maybe they're just doomed at this point. And yeah they are 'evil' but they're not Airline evil, not really.
Load More Replies...What if, in the lives of individuals, both concepts could be true? What if there should be fundamentally easier conditions for the working class (e.g. Medicare for all who want it, a higher min. wage, lending options other than payday lenders), AND, at the same time, many such people, where feasible, STILL SHOULD work to improve their lot, improve what they can do in life, through plans like more schooling and/or entrepreneurship and/or seeking a job w/ an employer that allows people to gradually climb up from the bottom, and/or moving to a new city or area if you're in a place w/ no opportunities. These sets of ideas aren't mutually exclusive, and may even be two sides of the same coin.
Corporations used to have a war chest and rainy day fund to withstand disasters. Stock buybacks depleted those funds while ultimately boosting executive pay since most of those ridiculous amounts were in stocks. The same issue that brought down rival Mcdonnell Douglas in the late 90s. Then Boeing simply integrated the McD execs who destroyed their own company.
All credit unions are require to keep at least 7% of total assets in solvency. We (regulators) push then to also have at least 10% of total assets in cash, plus, two sources of external source of funds. This could be a line of credit at another bank, the Fed, or something. This helps prevent failures. No reason other businesses can't do this.
Well that would be a great answer to their dilemma.
Load More Replies...I rather dislike defending big companies which could easily raise wages of workers, but, consider what happens if Boeing goes out of business: they employ 153,000 people. They're out of a job then. Where do the parts come from for all the Boeing products, which are more than just airplanes. What of all the contractors? The people who make money selling boeing products? People need to learn how economics works.
A lot of people seem to be reading this thinking Boeing is an airline. It isn't an airline. They make airplanes and engines etc.The other major manufacturer being Airbus. Them being out of the picture is like if Microsoft folded tomorrow, and you basically could only buy Apple if you ever wanted a computer again, or to use anything that used Microsoft stuff in it... until it went obsolete.
Load More Replies...How can they be out of money though?! They literally squeeze every dime they can out of their customers!! Beverages, carry-ons, "extra" leg-room; economy seats moving closer together every year... I know they're gonna take a hit because of the coronavirus situation, but come on, I'm sure they still have SOMETHING in the bank
Boeing just sells planes. The airline companies are the ones that fit the insides of the planes, and charge those fees etc, and nickle and dime customers. Not sure why everyone is hating on Boeing. They're just the one building the planes and engines, that's it. They then sell them to airline companies like Alaska, Delta, etc, and they fit them to the specifications to those companies. Having flown on many 737s the US ones are the smallest in leg room, International companies (Qantas etc) have more leg room.
Load More Replies...All these smartasses forgot to mention a big company has way more stuff to be taken care of than singular people.
A few bad years?? It has been a 14 days in my country. Most companies dont even had had to pay rent yet. And yet they expect us to bail them out. If your billion dollar company can not go without money in for 14 days, it would have fallen anyways...
So they want the US tax payers to bail them out while they paying the top five $59,179,525? NO THANKS. I'm not for corporate welfare! That also seems to go against capitalism. I am all for good wages but when $59,179,525 is going to 5 employees and the total paid to all employees (111 total employees) is $158,570,000 then they should have a surplus in the budget not loans. The following is the top 5 employees wages: J. Michael Luttig - $7,810,598 Dennis A. Muilenburg - $23,392,187 Gregory D. Smith - $8,682,058 Leanne G. Caret - $10,727,525 Gregory L. Hyslop - $8,567,157
That is disgusting! You'd think those people would care enough about the employees to cut their own wages and bonuses... at least temporarily, to help EVERYONE stay solvent! Just stunning! Brings to mind James 5:1-5
Load More Replies...Yes they should have hAd money to save. Slim down on their expenses like smaller houses and conserve heat like the rest of us do. So what if it’s cold out.
I find it refreshing that someone finally called out the hypocrisy of the rich telling the poor to save and work harder. I suspect that when all this is said and done a lot more people will know the struggles of the poor. What is left of the middle class will be eliminated and the rich will be richer!
I'd be willing to bet the CEO for Boeing makes 250 times what the average salary in the country is. I would also bet that the top ten executives, regarding compensation, make as much as 200 times the average salary. Those guys need to buck up and throw Boeing a bone. They, the airline industry generally, the cruise lines, and especially the oil & gas industry all need to fall back. They do not deserve any sort of bailout. At least not before Americans get a bailout. Most economists will agree that the best way to get the economy rolling again is to get money in the hands of the man on the street. Money spent on Main Street ultimately goes to strengthen Wall Street. Politicians should stop to consider that.
And you would be right, Boeing CEO, Dave Calhoun (only been CEO since Jan. 2020) and he makes over $450,000 annually- a little over $37,000/month.
Load More Replies...Yeah, let them go bankrupt! Screw those 150,000 employees too! wait, what?
Yup. When a company gets too big to fail, it's too big to be allowed to exist. When so much hangs in the balance that governments will give them millions to bail them out, they should be state owned and not a private company lining the pockets of wealthy people. If the shareholders, CEO's, stock traders, etc. would just take a little less profit this year, the working class wouldn't have to pay to keep them afloat.
Many airlines only actually make around £4-6 per seat after the many taxes and fuel etc. That's a very small margin. Ancillary revenue keeps many airlines afloat, for many airlines it would be impossible to keep seat prices so low without them.
Exactly. Moreover, Boeing isn't an airline. They are a plane and engine manufacturer. Them being out of the picture would mean tougher times for airlines.
Load More Replies...Read about Swiss Air grounding 3.01.2006 ! A poor drama loosing all hairs. NOBODY was responsible! Helping out with taxpayers money. Lufthansa got the airline for a real steal at this price. With the new name Swiss Airlines, in German hands, There is a discussion about another bailout with Swiss taxpayers money. This sad kind of story seems keep repeating anyhow and anywhere. Same chapter the banks.............
America is not the country of opportunities. If it was it would have at least a basic (and actually working) health care. Instead, they've got a health care so ridiculously expensive that people cannot afford a simple x-ray, etc and are walking around dying of pain.
Yeah, down with all tgese companies cause this lady or all these clever bored Panda commenters, they'll hire us when all these comanies go belly up.
We need a no harm no foul law . Let's just agree that people should be forgiven their debts during the week of quarantine . Except for payroll and groceries , most things could literally just pause and start back up when the social distancing order is over . For the revenue needed to make the payrolls and groceries during that time, the government could easily help Financially .We all high five and walk into the sunset 🤓
Pfff struggling? After charging everyone $10 for a tiny bag of chips and $25 for a cheap a*s sleep kit etc etc they are loaded
That’s the Airlines, Boeing manufacturer’s planes... they don’t fly them.
Load More Replies...cant see the joke, boeing is responsible for its own existance like everybody else.
Boeing has some 150000 employees. That's a huge cost for them. But don't let facts stop you.
Oh my! In what world employees cost. Why are they burdening them with cost of employees they only need to pay CEO which is not a cost and find some good loyal employees willing to work without being a cost. May be employees should pay Boeing to work there. If every other company can do it without cost of Employees Boeing should be able to as well. No bailout for them they can't handle money well. /s
Load More Replies...For anyone who is wondering, they said that its great seeing all the things this lady has wasted her money on.
Load More Replies...All of the big executives at Boeing make salaries well into the millions. No bailouts for the company. They need to start making changes in compensation packages for these people.
It's not about the executives but the shareholders. The problem is: many companies took loans to buy back stocks. By doing so they got better ratings and their stocks went up, so their shareholders got more money. Now instead of saving for bad times they invested all their money to buy back even more stocks to get even better ratings. And suddenly they are out of money, can't pay back their loans. This would be no problem: they had to file for bankruptcy that's not the end of the company, the company would keep running like now just under observation. BUT, all shares would go to zero, all shareholders had a 100% loss. It was their own choice to invest in an irresponsible company, so no problem right? Now in the US as far as I know the pensions fonds rely heavily on Boeing stocks... and there you have it: the big f*ckup this is all about. Boeing knows the state won't let them fail and don't care about the risks and the state failed because it made itself dependent on single companies.
Load More Replies...As someone who worked for the airlines...this is fact: A couple of years ago the price of jet fuel skyrocketed. To offset their own financial loss from the rise in fuel...The airlines implemented baggage fees. Well you should also remember that the cost of Jet fuel eventually went back down. But guess what? Those baggage fees remained. On top of that, Airlines got greedy once they saw people were willing to pay for the dumbest s**t. Want to board early? Fee. Want to sit in the Aisle? Fee. Wifi? Fee. The airlines made hundreds of millions off these micro transactions. So much so that as an added incentive to their employees, Delta cuts their staff a bonus "thank you" check every year...on average two month's worth salary. This acts as a buffer to keep them from unionizing. So no, I'm not eager to help out the airlines. Not when it costs over 2 grand just to fly a family of 4 across the country for a vacation.
Don't know why Bill is getting downvoted. Boeing isn't an airline. It's a plane manufacturer. It's NOT AN AIRLINE-- they don't buy jet fuel or set baggage fees. Airlines do that. People seem to be commenting as if they don't care because Boeing is just some airline. It's not. It's one of the only plane manufacturers and engine manufacturers in the world (the other being Airbus). Boeing aren't responsible for micro-transactions or the cost of flights, not really. The reason they have no capital is because planes are insanely expensive to build, and their product, the 737 max had problems, which they had to fix out of their own pocket for airlines (fair enough, it was their bad), with the idea being that once the planes were running well the airlines would pay for their existing shipments and ship more. All the planes being grounded means all of that is gone. Yeah their ceo makes like 14 million but the margins in aviation are crazy tight, its not like his wage would have helped much.
Load More Replies...It is ironic that companies like Boeing and government Repubs claim to be "conservative" when they are the exact opposite. They have developed a system where the rich and powerful can gamble, grab the profits, and then leave the taxpayers to pay the bills. That's not capitalism. It is corporate welfare. It is no coincidence the MoscowMitch decided to write the next "rescue" bill with only Repub input. I bet there are some permanent tax cuts for corporations thrown in there as well.
Getting and hoarding all the resources is actually the root ideal of Conservatism. We have Edmund Burke to thank for that; he believed firmly that humans desire to ruled and controlled, but how to determine who was worthy to rule? He hit upon the idea of hording and acquiring property to prove moral and intellectual "superiority," using possessions as a proxy for war. If you are a Moral and Intelligent person who deserves good things, you'll get them. That's why Conservatives steal money, power, and influence while refusing to help others. They literally believe that poor people deserve to be poor because they are immoral and stupid, and desire to be ruled and oppressed. Thus, the natural progression of Conservative philosophy is fascism/authoritarian dictatorship. Add the ugly marriage of these Regressive Religious influences in America (and the Prosperity Gospel) and you have a group of "leaders" intent on Theocratic Dictatorships keeping the average citizen powerless.
Load More Replies...Not gonna lie... I had a "corona-crisis" breakdown in front of my husband yesterday. My solopreneur pet care business has all but gone out of business. I've been reading ALL the "suggestions" from articles about getting a side hustle (I already have one), getting a temp job (I have an interview today), and being "more responsible with money" (I had cancer two years ago and am STILL paying off debt from that). Reading these made me realize I'm being too hard on myself... that OTHERS are being to hard on people whose circumstances they don't know. I know these are meant to point out the ridiculousness of pressures on the working poor, but this also took the sting out of yesterday... when I cried in front of my husband because I felt like fault of my situation was mine, and not the crisis of an unexpected pandemic. Be kind and gentle to people. You just don't know their life circumstances. Be safe and well out there everyone... and be kind to others AND yourself.
Why in this day and age do you have to pay off a debt from having cancer? In most societies all treatment is free. It's disgraceful to charge people for what they cannot help!
Load More Replies...and yet all the big business ceo's and such are still raking in massive paychecks, all the while asking for govn't handouts and laying off lower lvl employees to protect those paychecks
That second vacation home isn’t gonna but itself you know...-__-
Load More Replies...Yeah, let them go bankrupt! And screw those 150,000 employees too! wait, what?
For decades I worked hard and quite skillfully in any position I had, but remained in poverty because upward mobility is a fairy tale almost always only achieved by the lucky or sycophantic. My dedicated work and B.S. degree meant nothing when corporations stopped hiring and started laying people off, and all it took was a bit of bad luck to drive me to homelessness. I remained homeless for over six years, and, yes, I had a full-time job, but wages here aren't nearly enough to afford housing. A second job wasn't even an option, as I had to arise at 5:00 AM to go to work at hard labor in high heat and humidity, and I arrived back from work over 12 hours later exhausted. After years of this b******t I had finally had enough and decided to direct my energy towards suckling the teat of government payouts, which was previously anathema to me. It finally paid off and I now get to enjoy shelter, food, healthcare, and time to direct my efforts towards producing art rather than sweat...
..and blood for greedy businessmen to sop up and take credit for.
Load More Replies...Look, I know i'll get downvoted and am sounding like a broken record at this point but I think people are conflating airlines with Boeing... Boeing makes planes only. They don't decide legroom or microtransactions etc, ok? Yes I agree CEOs make too much in general and stock buybacks are bad, but Boeing going under is bad. It's bad for the US economy. Prior to their issues. Boeing is/was the leading manufacturer in the world and made a lot of revenue for the US. People saying, 'well other companies would' ... no. No one is going to fill that gap... the cost of an airplane manufacturer startup would be trillions of dollars. It costs billions of dollars to engineer a plane from start to finish. One tiny mistake in engineering, one plane crash and it would cost billions. The margins are crazy tight. If anyone even dared to manufactuer stuff for civil aviations it would prob be a Chinese or asian company, not American. In the meantime, everyone would just buy planes from Airbus instead.
cont... Ultimately, if Boeing goes under it would change aviation forever (Airbus would be the main manufacturer) and cost the US a c**p ton of money in export revenue and jobs. Look, I don't agree with bailouts and agree the system does need to be changed. We need to rethink how we fly anyway. But them going under would not be a good thing for the economy. Yeah you can blame Boeing for their 737 MAX issues and it is their fault of course, but they were fixing their issues. If the coronavirus hadn't happened they probably would have gone back into the black again. But I am pretty sure they will be bailed out-- they are actually most likely to be bailed out over Airlines etc because of the exports and money they make doing that. All that said, given their issues with the MAX and their insolvency, maybe they're just doomed at this point. And yeah they are 'evil' but they're not Airline evil, not really.
Load More Replies...What if, in the lives of individuals, both concepts could be true? What if there should be fundamentally easier conditions for the working class (e.g. Medicare for all who want it, a higher min. wage, lending options other than payday lenders), AND, at the same time, many such people, where feasible, STILL SHOULD work to improve their lot, improve what they can do in life, through plans like more schooling and/or entrepreneurship and/or seeking a job w/ an employer that allows people to gradually climb up from the bottom, and/or moving to a new city or area if you're in a place w/ no opportunities. These sets of ideas aren't mutually exclusive, and may even be two sides of the same coin.
Corporations used to have a war chest and rainy day fund to withstand disasters. Stock buybacks depleted those funds while ultimately boosting executive pay since most of those ridiculous amounts were in stocks. The same issue that brought down rival Mcdonnell Douglas in the late 90s. Then Boeing simply integrated the McD execs who destroyed their own company.
All credit unions are require to keep at least 7% of total assets in solvency. We (regulators) push then to also have at least 10% of total assets in cash, plus, two sources of external source of funds. This could be a line of credit at another bank, the Fed, or something. This helps prevent failures. No reason other businesses can't do this.
Well that would be a great answer to their dilemma.
Load More Replies...I rather dislike defending big companies which could easily raise wages of workers, but, consider what happens if Boeing goes out of business: they employ 153,000 people. They're out of a job then. Where do the parts come from for all the Boeing products, which are more than just airplanes. What of all the contractors? The people who make money selling boeing products? People need to learn how economics works.
A lot of people seem to be reading this thinking Boeing is an airline. It isn't an airline. They make airplanes and engines etc.The other major manufacturer being Airbus. Them being out of the picture is like if Microsoft folded tomorrow, and you basically could only buy Apple if you ever wanted a computer again, or to use anything that used Microsoft stuff in it... until it went obsolete.
Load More Replies...How can they be out of money though?! They literally squeeze every dime they can out of their customers!! Beverages, carry-ons, "extra" leg-room; economy seats moving closer together every year... I know they're gonna take a hit because of the coronavirus situation, but come on, I'm sure they still have SOMETHING in the bank
Boeing just sells planes. The airline companies are the ones that fit the insides of the planes, and charge those fees etc, and nickle and dime customers. Not sure why everyone is hating on Boeing. They're just the one building the planes and engines, that's it. They then sell them to airline companies like Alaska, Delta, etc, and they fit them to the specifications to those companies. Having flown on many 737s the US ones are the smallest in leg room, International companies (Qantas etc) have more leg room.
Load More Replies...All these smartasses forgot to mention a big company has way more stuff to be taken care of than singular people.
A few bad years?? It has been a 14 days in my country. Most companies dont even had had to pay rent yet. And yet they expect us to bail them out. If your billion dollar company can not go without money in for 14 days, it would have fallen anyways...
So they want the US tax payers to bail them out while they paying the top five $59,179,525? NO THANKS. I'm not for corporate welfare! That also seems to go against capitalism. I am all for good wages but when $59,179,525 is going to 5 employees and the total paid to all employees (111 total employees) is $158,570,000 then they should have a surplus in the budget not loans. The following is the top 5 employees wages: J. Michael Luttig - $7,810,598 Dennis A. Muilenburg - $23,392,187 Gregory D. Smith - $8,682,058 Leanne G. Caret - $10,727,525 Gregory L. Hyslop - $8,567,157
That is disgusting! You'd think those people would care enough about the employees to cut their own wages and bonuses... at least temporarily, to help EVERYONE stay solvent! Just stunning! Brings to mind James 5:1-5
Load More Replies...Yes they should have hAd money to save. Slim down on their expenses like smaller houses and conserve heat like the rest of us do. So what if it’s cold out.
I find it refreshing that someone finally called out the hypocrisy of the rich telling the poor to save and work harder. I suspect that when all this is said and done a lot more people will know the struggles of the poor. What is left of the middle class will be eliminated and the rich will be richer!
I'd be willing to bet the CEO for Boeing makes 250 times what the average salary in the country is. I would also bet that the top ten executives, regarding compensation, make as much as 200 times the average salary. Those guys need to buck up and throw Boeing a bone. They, the airline industry generally, the cruise lines, and especially the oil & gas industry all need to fall back. They do not deserve any sort of bailout. At least not before Americans get a bailout. Most economists will agree that the best way to get the economy rolling again is to get money in the hands of the man on the street. Money spent on Main Street ultimately goes to strengthen Wall Street. Politicians should stop to consider that.
And you would be right, Boeing CEO, Dave Calhoun (only been CEO since Jan. 2020) and he makes over $450,000 annually- a little over $37,000/month.
Load More Replies...Yeah, let them go bankrupt! Screw those 150,000 employees too! wait, what?
Yup. When a company gets too big to fail, it's too big to be allowed to exist. When so much hangs in the balance that governments will give them millions to bail them out, they should be state owned and not a private company lining the pockets of wealthy people. If the shareholders, CEO's, stock traders, etc. would just take a little less profit this year, the working class wouldn't have to pay to keep them afloat.
Many airlines only actually make around £4-6 per seat after the many taxes and fuel etc. That's a very small margin. Ancillary revenue keeps many airlines afloat, for many airlines it would be impossible to keep seat prices so low without them.
Exactly. Moreover, Boeing isn't an airline. They are a plane and engine manufacturer. Them being out of the picture would mean tougher times for airlines.
Load More Replies...Read about Swiss Air grounding 3.01.2006 ! A poor drama loosing all hairs. NOBODY was responsible! Helping out with taxpayers money. Lufthansa got the airline for a real steal at this price. With the new name Swiss Airlines, in German hands, There is a discussion about another bailout with Swiss taxpayers money. This sad kind of story seems keep repeating anyhow and anywhere. Same chapter the banks.............
America is not the country of opportunities. If it was it would have at least a basic (and actually working) health care. Instead, they've got a health care so ridiculously expensive that people cannot afford a simple x-ray, etc and are walking around dying of pain.
Yeah, down with all tgese companies cause this lady or all these clever bored Panda commenters, they'll hire us when all these comanies go belly up.
We need a no harm no foul law . Let's just agree that people should be forgiven their debts during the week of quarantine . Except for payroll and groceries , most things could literally just pause and start back up when the social distancing order is over . For the revenue needed to make the payrolls and groceries during that time, the government could easily help Financially .We all high five and walk into the sunset 🤓
Pfff struggling? After charging everyone $10 for a tiny bag of chips and $25 for a cheap a*s sleep kit etc etc they are loaded
That’s the Airlines, Boeing manufacturer’s planes... they don’t fly them.
Load More Replies...cant see the joke, boeing is responsible for its own existance like everybody else.
Boeing has some 150000 employees. That's a huge cost for them. But don't let facts stop you.
Oh my! In what world employees cost. Why are they burdening them with cost of employees they only need to pay CEO which is not a cost and find some good loyal employees willing to work without being a cost. May be employees should pay Boeing to work there. If every other company can do it without cost of Employees Boeing should be able to as well. No bailout for them they can't handle money well. /s
Load More Replies...For anyone who is wondering, they said that its great seeing all the things this lady has wasted her money on.
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