Congress must not be allowed to use Coronavirus as an excuse to give Boeing $60 Billion just because they are having a bad year and their stock price dropped

How can we stop it?

Boeing, which is pleading with Washington for a $60 billion bailout amid the coronavirus pandemic, announced on Friday that its CEO Dave Calhoun and Board Chairman Larry Kellner will forgo all pay until the end of the year.

The move is part of a few decisions Boeing made in order to support itself as it navigates through the pandemic and works to ensure that it is positioned for a recovery.

The company also announced that it will suspend its dividend payments to shareholders and will extend its pause of any share repurchasing until further notice.

Boeing had previously suspended its stock buyback program in April 2019.

thehill.com/news-by-subject/transportation-infrastructure/488757-boeing-ceo-and-board-chairman-to-forgo-pay

READ  Berkshire Hathaway beats Q4 EPS Consensus by 42.3%, repurchases $24.7 billion in shares, and continues repurchases this year
READ  The World’s Largest Money Managers Hold $170 Billion In Coal Assets
50 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.