Maybe it's time for the board of directors to review the CEO's strategy the last 10-20 years and reevaluate if just focusing on payout to shareholders and bonuses for your management actually was a great long term strategy...
this post was submitted on 24 Oct 2024
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Try 30 years. That’s when the finance-focused dipshits acqui-hired themselves into Boeing from McDonnell Douglas, and moved the HQ from Washington state to Chicago to be closer to the financial markets. And that’s also precisely when the slide of Boeing’s culture of engineering excellence began.
Like so many other companies...
Will they learn though. Will this strike be the beginning of something...
🤞🏽
Most likely not. The US track record isn't great regarding unionization.
I bet the board would rather pay 100 times more than what meeting the workers demands would cost, just to fight this and stop it from spreading.
It's just insane. Seriously. I can't wrap my head around so many of these businesses.
A lot of it is truly what amounts to sadism. The board and the C-suite and the high-level managers below them will fight tooth and nail to avoid having to treat workers as anything but expendable. A lot of their believed power derives from "I can replace you in 5 minutes".
Companies like these will turn around and donate to lobby for weaker unions and labor laws, if they didnt do so already. They don't learn.
They wait.
Wake me up when management understands that they are the problem.
I would like the pay in dollars, not percent change. Also need CEO's pay.
Hard to evaluate otherwise.
That's not a simple figure to calculate, because the raises are percentage based and the people who get them don't all make the same wage.
According to https://en.as.com/latest_news/boeing-strike-how-much-do-machinists-make-per-year-average-salary-for-company-workers-n/, the current average salary for a machinist union member at Boeing is $75,600. A 35% raise would bring that average base pay to just over $100k.
CEO pay means nothing at this scale. I get it though, it's a big number, easy to point at and scream.
I did the math on American Airlines last year and if they paid the CEO nothing, that would give every worker an additional $.19/hr.
Thank you. I hear that a lot, but I have issues finding number of employees and their total salaries and benefits from financial forms.
Any idea what multiple the CEO makes of the salaries of those striking?