Nikki Haley resigns from Boeing board over company's request for coronavirus bailout

[UpInArms]

Source: The News Tribune

Former South Carolina Gov. Nikki Haley resigned from Boeing’s board of directors after the company requested a bailout during the coronavirus pandemic.

Haley criticized the company’s 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

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How long has Nikki been on Boeing’s board? And ... what qualified her to be there? (hint hint ... Hunter Biden similarity?)

[bucolic_frolic]

1. Is this to maintain too big to fail virginity?

She's posturing for a VP spot isn't she?

[not fooled]

2. Someone's running for higher office

--Gag--

Puts on a good act, though, if you don't think too much about anything she says or does.

[AJT]

3. Many board members of corporations don't have specific experience

in the businesses they are board members of.

[Raven123]

4. And thus she kicks off her 2024 presidential campaign

[Beaverhausen]

5. The CEO of Boeing who was fired in January got a $60M severance

they need to get that money back and NOT ask for a bailout.

Assholes

[Under The Radar]

6. How are they hurt by the virus? Their Government contracts are still good

But, I bet my chainsaw that they get it.

[VMA131Marine]

10. Boeing has lost 75% of its market cap since September 2019

Last edited Thu Mar 19, 2020, 09:23 PM - Edit history (2)

That’s 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]

12. If you push Free market in good times , you better take it in bad

Boeings issues aren’t from coronavirus, Nor are Exxon’s.
I shut down my company in 2015 because I couldn’t 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. Exxon’s expenses didn’t 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 don’t qualify for aid.

[VMA131Marine]

13. So we bail them out with conditions

so they don’t 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]

14. Tell that to McConnell, you are singing to the choir here.

[Mr.Bill]

7. She'll still get her cut. n/t

[yaesu]

8. I just saw one of tRumps anti-socialism ads on youtube, I don't think they have the same zing

they used to have after everyone gets their $1200 check & Boeing gets its billions.

[Traildogbob]

9. Yet her cohort..

Lindsay Graham is demanding zero checks to working people but certainly supports checks to those CEO's that pay no taxes.

[Evolve Dammit]

11. corporate woman of ill reptute (can't say the other word); Like KindaSleezy (Condoleeza) Rice

On the board of Unocal and had an oil tanker named after her.. Enablers, liars and money grabbers.

[SKKY]

15. I wonder how much she is paid. Anyone know what experience she...

...has in the aviation industry? Asking for a friend.

[MiniMe]

16. They are trying to get a bailout over that plane that cost their CEO his job

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]

17. I'd still vote

for a dead cat before I'd vote for her for any position.

[honest.abe]

18. Prep for VP nomination?