this post was submitted on 13 Sep 2024
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Boeing workers overwhelmingly reject contract, prepare to strike (www.nbcnews.com)
submitted 3 months ago by [email protected] to c/[email protected]
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[–] [email protected] 3 points 3 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.