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May reject stimulus if Treasury seeks equity stake, says Boeing CEO

May reject stimulus if Treasury seeks equity stake, says Boeing CEO

Boeing CEO David Calhoun, earlier this week, suggested that the aircraft manufacturer would not accept federal aid if it meant giving the Treasury Department a stake in the company. ’If they force it, we just look at all the other options, and we’ve got plenty of them’, Calhoun said in an interview. Boeing is seeking $60 billion in government aid for itself and its suppliers.

Joseph Cribari
Joseph Cribari 5 months

If they dont need to consume taxes, then why bother? Shouldnt that be last resort when you knowingly have "other options"?

eddy yetty
eddy yetty 5 months

So then don't take the aid? Let another company with no "options" take a part of that aid.

FourAncientWhiteElephants 5 months

Leave them to the natural order of the economy. He's saying give us the money for free or we don't want it. The government bailing companies out goes against the tenants of capitalism anyway, it works much like nature, those involved compete and those who cannot adapt to survive die.

atlas shrugged
atlas shrugged 5 months

I don't know how an equity stake would be structured, but given Boeing's current market cap of $91 billion, a government stake could equate to a 2/3 ownership of the company in some form. That sounds a lot like nationalization. All that to say, if Boeing can survive without government money, it should do so.

Kyle Broflovski
Kyle Broflovski 5 months

Does this mean that they don't actually need it?

Lev 5 months

Apparently not only do chimps design the Boeing Max they also sit on the board. I guess this means we can collectively tell the CEO of Boeing to go spit. Go ahead threaten to declare bankruptcy and go out of business... no one is going to bail you out after your Max fiasco. Your business will be chopped up and sold for scraps. Viva la AirBus! Viva la revolution!

npc8472 5 months

This reaction should disqualify them from anything at all.

Rational 5 months

As far as I'm concerned the Boeing CEO can just suck it as they can't manage to make a plane that doesn't randomly fall out of the sky but yet they want billions and trillions in taxpayer money to continue to build the same faulty products. Let the free markets work free and stop the socialism for the large corporations and the wealthy.

michael 5 months

if they have other options, they shouldn't even be eligible. I hope other big businesses reject the idea of the treasury having a stake. it'll show just how greedy these corps are that they were fine taking your money when it wouldn't cost them anything, but the moment they have to give up a tiny sliver of their profits into the public fund, they go running.

John 5 months

Then let them seek aid elsewhere American corporations have been getting a free ride long enough the taxpayers always bear the burden

Fin 5 months

Seek the equity Mr manuchin

John W
John W 5 months

Way cool if they don't want it.

Clint 5 months

David have 4 times that amount himself. Fuck you David, please don't take our money. please use yours!

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