Time to start talking bailouts- first the airlines (1 Viewer)

[RCon]

A joint venture?  LOL.  You really sound like you don't have any clue about the industry and expertise required.  Lockheed Martin and Northrop are defense manufacturers.  Go back to my Harley Davidson example.  It's totally different building helicopters and jet planes to building jumbo jets.  So yes, Lockheed Martin could take over the Boeing military demand, but it doesn't have the management expertise to run the commercial aircraft portion.  

The current Boeing employees would refuse to work for Lockheed?

 

[Daywalker]

The current Boeing employees would refuse to work for Lockheed?

Think of it like a restaurant.  If the restaurant owner decides to close everyone who works for the restaurant disappears.

It is very complicated.  None of us can really understand.

 

[huthut]

When the first company I worked at went under, I disappeared into the ether. Now I am just a forlorn ghost posting on a fantasy football forum.

 

[lod001]

Lets keep the CEO’s in place.  Why they make the big bucks right?

At the very least the govt should get some equity in companies they bail out.

There are lots of good options but the CEOs need punished severely.

Example: Leave the CEO in place, he now works for the average salary of the company and that is how he is forced to pay off his punishment. If the govt has to step in then all stock options are totally wiped out. He will of course leave and have absolutely nothing which is fine. Any contract he had that has a golden parachute is null and void if they receive any govt $.

Too bad our govt doesn't have the spine to do something like that.

 

[MAC_32]

Personally, I find all questions of fairness to be irrelevant. The most important question when considering government action should be: is it to our benefit? 

A tax cut allowing execs to engage in corporate buybacks is not to our benefit. 

 

[Snotbubbles]

The current Boeing employees would refuse to work for Lockheed?

So you want to liquidate Boeing only to have the same Boeing workers who are being chastised here for mismanagement to go work for another company.  So basically you're solution is to just change the name from Boeing to something else?

 

[Snotbubbles]

Think of it like a restaurant.  If the restaurant owner decides to close everyone who works for the restaurant disappears.

It is very complicated.  None of us can really understand.

Try opening up a factory that builds airplane frames that requires 40,000 ton presses (which there might be only 1 or 2 in the entire world) using specialized molds created by engineers for limited specific purposes and natural element mixing to precise amounts to make sure the steel doesn't fracture.  Totally different barrier to entry than the restaurant industry.  But I'd sure like to see you try.  I for one, wouldn't fly on one of you planes though.

 

[Daywalker]

So you want to liquidate Boeing only to have the same Boeing workers who are being chastised here for mismanagement to go work for another company.  So basically you're solution is to just change the name from Boeing to something else?

That is a much better solution than giving millions/billions to shareholders to keep their failed business afloat.

 

[Sinn Fein]

Try opening up a factory that builds airplane frames that requires 40,000 ton presses (which there might be only 1 or 2 in the entire world) using specialized molds created by engineers for limited specific purposes and natural element mixing to precise amounts to make sure the steel doesn't fracture.  Totally different barrier to entry than the restaurant industry.  But I'd sure like to see you try.  I for one, wouldn't fly on one of you planes though.

Huh - I wonder if those are "assets" that would be purchased at liquidation?

Funny how that works.

Maybe they just disappear like the employees though. 

 

[Sinn Fein]

I guess I should probably clarify - "liquidation" does not mean literally melting everything down to a liquid form.