Nikki Haley resigns from Boeing board over company's request for coronavirus bailout
Source: The News Tribune
Former South Carolina Gov. Nikki Haley resigned from Boeings board of directors after the company requested a bailout during the coronavirus pandemic.
Haley criticized the companys decision to ask the federal government for a stimulus or bailout in her resignation letter on Thursday.
While I know cash is tight, that is equally true for numerous other industries and for millions of small businesses, Haley wrote. I cannot support a move to lean on the federal government for a stimulus or bailout that prioritizes our company over others and relies on taxpayers to guarantee our financial position.
On Tuesday, Boeing requested $60 billion for the aerospace industry to be paid for by taxpayers and bank loans backed by government guarantees, the Seattle Times reported.
Read more: https://amp.thenewstribune.com/news/coronavirus/article241352356.html
How long has Nikki been on Boeings board? And ... what qualified her to be there? (hint hint ... Hunter Biden similarity?)
bucolic_frolic
(43,281 posts)She's posturing for a VP spot isn't she?
not fooled
(5,801 posts)--Gag--
Puts on a good act, though, if you don't think too much about anything she says or does.
AJT
(5,240 posts)in the businesses they are board members of.
Raven123
(4,862 posts)Beaverhausen
(24,472 posts)they need to get that money back and NOT ask for a bailout.
Assholes
Under The Radar
(3,404 posts)But, I bet my chainsaw that they get it.
VMA131Marine
(4,149 posts)Last edited Thu Mar 19, 2020, 09:23 PM - Edit history (2)
Thats over $150 B in share value. Just like with the auto companies, if Boeing goes down it will take a bunch of its suppliers with it. There is still no timeline to recertify the 737 MAX and there are issues with their government contracts for the KC-46 tanker and the Starliner spacecraft. Boeing is in serious trouble.
Under The Radar
(3,404 posts)Boeings issues arent from coronavirus, Nor are Exxons.
I shut down my company in 2015 because I couldnt get capital to update my equipment. Never missed a payment, never late and the old equipment maintenance cost ate all profitsBut the bank that denied me that capital got $109 billion of TARP money, But still locked down all capital.
Exxon the same. 2003 Off highway diesel went from .68 a gallon to $4.74 is a span of 6 months and I am locked in my 5th year of a 10 year contract with a fuel budget of less than a dollar a Gal. Exxons expenses didnt increase, their commodity prices on diesel did. My monthly fuel cost went from $7000 to $49000 and I got no increase in funds to offset that expense. I had to eat that $42k each month.
These industrial Giants have paid no income taxes in 3 years and likely not much before that. In my opinion they dont qualify for aid.
VMA131Marine
(4,149 posts)so they dont get in this state again. They still have tens of thousands of skilled workers who will lose their jobs if they go under. Boeing is too big to fail, unfortunately.
Under The Radar
(3,404 posts)Mr.Bill
(24,319 posts)yaesu
(8,020 posts)they used to have after everyone gets their $1200 check & Boeing gets its billions.
Traildogbob
(8,797 posts)Lindsay Graham is demanding zero checks to working people but certainly supports checks to those CEO's that pay no taxes.
Evolve Dammit
(16,763 posts)On the board of Unocal and had an oil tanker named after her.. Enablers, liars and money grabbers.
SKKY
(11,821 posts)...has in the aviation industry? Asking for a friend.
MiniMe
(21,718 posts)Planes crashing. Why should we bail them out over planes that crash, and they are still trying to get them approved to fly without making any changes
BillyBobBrilliant
(805 posts)for a dead cat before I'd vote for her for any position.