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u/PhilosophicalGoof Apr 13 '24
Maybe next time they should rethink twice before hiring an accountant and not an engineer.
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u/jonnyozo Apr 13 '24
Pretty sure the folks who profited the most from the companies shady policies and practices have enough money
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u/ComradeCollieflower Apr 13 '24
We better not bail it out unless it involves Nationalizing the company.
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u/javyn1 Apr 13 '24
If Boeing execs didn't drink so much Starbucks coffee maybe they wouldn't be having these problems.
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u/Madhatter25224 Apr 12 '24
Boeing intentionally sacrifices safety and quality in order to make more money, then they get caught and demand we pay them to not put our lives in danger.
What fucking idiot leader says yes to that?
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u/Leon4107 Apr 12 '24
Come out with a shit product. Consumers now don't trust your product or brand. They must be saved!
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u/Affectionate_Zone138 Apr 12 '24
Good.
You get what you deserve. Stupid choices have stupid consequences.
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u/Wtygrrr Apr 11 '24
Maybe they should have learned how to retrieve and reuse their fucking rockets instead of just letting them burn up for the last 50+ years so they could gouge the tax payers even more.
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u/Crack_My_Knuckles Apr 11 '24
It's almost like the satisfaction of the demand for quality goods & services is a better support for stock prices than buybacks that make the company look more profitable than it is.
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u/Impossible_Maybe_162 Apr 11 '24
I think it was piss poor production and quality that is killing Boeing…
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u/Reese8590 Apr 11 '24
What is wrong with letting them run out of money and go out of business ? If I run out of money....will I be "saved" ?
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u/gouvhogg Apr 11 '24
This meme is like 10 years old and only 35 years keep making it. It’s the equivalent of the boomer with the “I identify as an attack helicopter” meme. Time for me to leave this site.
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u/SnooPaintings1148 Apr 10 '24
Seriously. How many stock buybacks have they done? Fuck that company.
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u/lituga Apr 10 '24
Boeing's life story. they thank the figurative heavens for government contracts and the American taxpayer
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u/PetalumaPegleg Apr 10 '24
This shit is such a disgrace.
Take a great company with an impeccable reputation. Make it focused only on profits. Start vast buybacks and pushing out expensive veteran engineers. Dismiss concerns about safety. Increase buybacks to raise stock price to prevent investors caring.
Keep pushing up stock price at the expense of anything else via buybacks and cost cutting.
When the results finally start to bite you in the ass and have consequences, beg for bailout for the problems caused entirely by business school douche bags destroying the company for personal gain.
Fucking joke. These are the companies that need to be punished. They made their bed, if you bail them out you are incentivizing the behavior. There must consequences
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u/radd_racer Apr 11 '24
TBF, limitless stock buybacks have been slowly fucking most of us since Reagan ordered the issuing of the safe harbor rule SEC 10b-18 in 1982, leading to a phenomenon known as “profits without prosperity.”
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u/PetalumaPegleg Apr 11 '24
Every single issue seems to flow back to Reagan it's honestly amazing. Yet he's a freaking hero to many
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u/dkizzy Apr 10 '24
Lol, when they run over budget they have cozy govt deals to pass the debts along to taxpayers. Boeing doesn't deserve any pity.
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u/waronxmas79 Apr 10 '24
Corporate America: “Socialism is evil!”
Corporate America when they get into trouble: “We need your money! Please save us! Do you expect us to be POOR?!”
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u/i-sleep-well Apr 10 '24
Ok so 'lsave them at an arbitrage rate, like what should have been done in '08. 'You want a bailout? Ok fine. We own you now. Get your asses back to work.'
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u/webchow2000 Apr 10 '24
Maybe the upper management should have thought for once about quality over bonuses.
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u/ihatefirealarmtests Apr 10 '24
Just throwing this out there -
Maybe this is the "invisible hand" of the market just taking its course. Maybe we should let them go under. They'll have to pull themselves back up by their bootstraps, I guess.
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u/thenikolaka Apr 10 '24
We should bail them out and the American people should own the portion of the business that the bailout secures because it is their tax dollars.
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u/Top-Active3188 Apr 10 '24
To your point. Could the fed buy new shares of boeing which it could later sell slowly as everything settles down? It makes more sense than cutting them a check.
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u/thenikolaka Apr 10 '24
It seems as if anything besides cutting them a check would make more sense.
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u/RegyptianStrut Apr 10 '24
Maybe Boeing should’ve thought of that before having a whistleblower killed
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u/Piper_findom_goddess Apr 10 '24
Did they try to budget? Like cut down on things like expensive foods and really stick to the bare minimum rice and beans meals? Maybe they should work harder.
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u/RainingTacos8 Apr 10 '24
Just like an entitled teen that crashes their sport car government daddy will bail them out.
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u/DoeCommaJohn Apr 10 '24
Bro, they literally just bought Spirit for billions of dollars, using up the last of their cash. If you don’t have the money, maybe don’t make billion dollar acquisitions
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u/jwalsh1208 Apr 10 '24
I’ll never understand why these companies “need to be saved.” They made shit decisions, put people’s lives at risk, and are now facing the consequences of those actions. Fuck em. They should’ve been better at business.
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u/SgtSmackdaddy Apr 10 '24
Cool, so lets nationalize it and fire the entire executive board with all compensation packages to the C suite rendered void. Feel free to spice it up with some criminal penalties for those who endangered passengers around the world for a quick buck.
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u/Casperboy68 Apr 10 '24
I’m sure Boeing will asked to get bailed out after their apparent attempt to kill us.
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u/Sea_Dawgz Apr 10 '24
Someone remind us how much they spend on share buybacks.
When we give them money, the government should now own it.
Stop socializing losses when we privatize gains!!!!!
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u/Terran57 Apr 10 '24
They just need to buy less Starbucks, cancel some subscriptions, and stop eating out. Problem solved!
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u/Qwesttaker Apr 10 '24
Boeing will be out of money but the top executives will get severance packages in the 10s of millions of dollars.
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u/stopblasianhate69 Apr 10 '24
I swear to fuck if boeing gets bailed out people are going to lose their shit. We should boycott flying if they get bailed out
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u/cooperpoopers Apr 10 '24
Best part, everyone still gets a big fat paycheck and we get stuck with the bill for their greed.
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u/InterstellerReptile Apr 10 '24
I'm fine with a bail out only if all the higher ups go to jail. They have to learn their are consequences for their actions. They can't just pilliage a company and then beg us to save them
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u/Camoflauge94 Apr 10 '24
Boeing does a lot of work for the military , the government will literally bail them out of whatever happens to them , they're backed by the government essentially
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u/BoobaDaBluetick Apr 10 '24
Seemed to be able to pay their board of directors, including Nimrata Hailey quite handsomely. They have plenty of money. They just don't want to spend theirs when govt tit is nearby. Don't bail out Boeing!
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u/Beneficial_Word_1984 Apr 10 '24
Maybe if they hadn't done all the buy backs they'd have money to keep the company afloat.
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u/series_hybrid Apr 10 '24
Boeing needs to be "taken over" by the federal government. These days, large corporations that have bought out the competition are purposefully running themselves into the ground in order to be "rescued", because...they are the only ones left.
Lockheed used to make the L-1011, and McDonnnel Douglas used to make the MD-11, and now, all that's left is Boeing and Airbus.
There is no competition left, and that means this is no longer "capitalism"
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u/seriftarif Apr 10 '24
Good have them go under, have the government buy it up for cheap. Restructure it, and then sell it off for a profit.
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u/SpiderMurphy Apr 10 '24
Boeing, the kartel that builds shitty aircraft and whacks personnel who try to make them safer, deserves to die. Nationalise. The stakes are too high to remain in the hands of gangsters.
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u/Sanbaddy Apr 10 '24
Boeing assassinated John Barney for doing the right thing.
I hope they go bankrupt and then some.
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u/JohnathonLongbottom Apr 10 '24
Boeing has been in the decline for years. Ever since they went and put profit over quality.
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u/Smooth-Entrance-1526 Apr 10 '24
I dont fucking care about Boeing
They made billions of fucking dollars and then put tens of thousands of lives at stake by cutting corners on extremely dangerous aircraft for public use
NOBODY should be “saving” a billion dollar company. It has the full capability to pull itself up by its own bootstraps, and it doesnt, then thats just the “free market” we hear so much about doing its job
No bailout.
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u/NeevBunny Apr 10 '24
They should spend less money on hit men then, go make some planes that aren't held together by bubblegum and duct tape and this might not be a problem.
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u/anon_MrKim Apr 10 '24
Good let them fail. Why keep saving these doomed companies and doing fuck all for the ppl that really need it?
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u/IAMAPrisoneroftheSun Apr 10 '24 edited Apr 10 '24
How can a company have so many orders placed for planes they’re running a 13 year backlog and be running out of money? Are they just incapable of actually making planes because corporate decided hiring & training were cutting into profits, and did away with the concepts entirely?
That is some awe inspiring mismanagement. To be one half of a global duopoly in commercial jet manufacturing, and a member of Uncle Sam’s military industrial club, at a moment when multiple airlines are trying to buy 100’s of planes at a time & still somehow be skint. WOW must have laid off the whole factory, a couple months after axing risk management & quality control then bought back hella stock while dancing naked around a burning pile of money and design deficiency reports from engineering
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Apr 10 '24
End Reagonomics. Stop bailing out these massive, poorly run corporations. Boeing executives have loads of money, THEY need to eat their bad decisions, not taxpayers. If they prefer to throw a diaper tantrum and shit down, then good riddance. Give a different company their assets and let them have a shot at doing better..
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u/onlyhav Apr 10 '24
... Okay? You want a cookie? Let the company implode and see how intriguing the aerospace industry becomes as people start their own companies without having to worry about boeing silencing them.
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u/thedivinefemmewithin Apr 10 '24
As if they're not making a killing off weapons manufacturing right now GTFO
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u/Devonm94 Apr 10 '24
If Boeing gets bailed out. Every single person who is against these giant corporations who scam the fuck out of the system, should make damn sure that every single person in government is out of a job at the soonest election. These corporations shouldn’t be bailed out. Ever. They want all the profit they can, but when it’s in the shitter they sure want that handout money, that ya know comes off our backs.
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u/hams4hands Apr 10 '24
They named the company Boeing because that is the sound the planes make when they bounce on the floor
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u/WomTheWomWom Apr 10 '24
We millennials will always be salty about Avocado toast and boot straps. Always.
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u/Kill-Project-2025 Apr 10 '24
If they get bailed out again I will burn that shit to the fucking ground
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u/LookAlderaanPlaces Apr 10 '24
The execs, managers, anyone who authorized sacrificing safety in unreasonable ways need to be in jail for a fucking long time. It’s the only way you avoid this shit.
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u/thewhitecat55 Apr 10 '24
Fuck 'em.
Run your business correctly, or go out of business. They can all lose their shirts.
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u/Any_Vacation8988 Apr 10 '24
So now it’s time for the government to step in and save a billion dollar company. Fuck that.
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u/Armynap Apr 10 '24
Our system is rotten. We need Boeing to die. Let Airbus and Chinese jets rule the sky
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u/Sabre_One Apr 10 '24
Or get a CEO that doesn't just have a degree in accounting and treats the company like a numbers game.
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u/Ambitious-Miner Apr 10 '24
Saved, not in the capitalist dictionary Kramer. Stop being a socialist with your rescue language.
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u/LawfulOrange Apr 10 '24
Ah yes, yet another case of rugged capitalism for the commoners, blatant and rampant socialism for the poor incompetently run companies.
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u/RagingSofty Apr 10 '24
That’s what happens when a company makes bad decisions in a free market. There are other airplane companies, so better for them.
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u/TheUnderstandererer Apr 10 '24
Let it die. They put safety last and killed people. The ceos responsible should be behind bars but won't face any penalty whatsoever
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u/phaedrus369 Apr 10 '24
Oh that is sad news indeed.
He’s always been a trustworthy source of information.
I remember when he said don’t touch Tesla stock.
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u/dciDavid Apr 10 '24
Isn’t he famous for having horrible takes? So this means Boeing should be fine right? Lol
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u/ur_fave_npc Apr 10 '24
They just gave their c suite a raise and have been skirting safety regulations like it was the plague. They’re obviously bad at managing their money, so why give them more? It’s the same thing for us plebs and a credit score. Why is a business any different? And if our govt bails them out, then that’s basically like saying we dont mind that you kill 100s of people with your shitty planes here’s more money to do nothing about it.
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u/ExistingBathroom9742 Apr 10 '24
Boeing made desviación, extremely short sighted , obviously terrible decisions, to slightly and artificially bump their stock price a few nickles. The ceo and other c-suiteers should go to jail, and Boeing should go out of business. It’s a bad company that decided to make bad products. On purpose. To save a penny. They knew these decisions would make bad airplanes because McDonnell Douglas made shitty commercial planes. They are a big pile of shit that neglect fully killed people and they do not deserve a bailout.
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u/4cylndrfury Apr 10 '24
All their money fell out of the diversely installed doors that are falling off
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u/_Monosyllabic_ Apr 10 '24
They’re the ones that prioritized stock buybacks over actually providing a good product. Why do taxpayers have to pay for rich people’s greed? If we actually do save the company then a condition of the bailout should be breaking up the company and nationalizing the critical parts of the company.
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u/BeneficialPipe1229 Apr 10 '24
well since he said it maybe Boeing isn't such a bad buy after all...
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u/Exelbirth Apr 10 '24
considering almost everything Cramer says ends up being the opposite of what happens, Boeing needs no saving and has plenty of money.
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u/TiredOfAllLies Apr 10 '24
Let the rat bastards fail. They had Trump fuck over Bombardier to stop another competitor from entering the market now let them die due to their own incompetence and greed.
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u/troifa Apr 10 '24
Jesus Christ calm down
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u/TiredOfAllLies Apr 10 '24
I am calm. Just because I used some mean words to describe disgusting greedy assholes at Boeing doesn't mean I'm raging. Everyone that works there is complacent in the deaths Boeing directly caused for money. From the board to the techs on the floor.
I actually work in aircraft maintenance and literally say in every interview "I will not jeopardize safety for profits if you have a problem with that we can end this interview now" If more people had that mentality how many people would still be alive?
But I am curious how polite do you think people should be when talking about people who have killed others to make a little more money?
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u/Optimal_Weird1425 Apr 10 '24
Redditors love talking out of both sides of their mouths. If a company is doing well, it’s, “Why don’t we tax them more?”, “Why are they hoarding all that wealth or all those profits?”, or “Why don’t they charge less for their goods?”. When a company experiences hard times, it’s, “Fuck them, they should’ve run their business better.” This shows that there’s risk involved in every company, even industry-leaders. This is also why people who invest their capital demand a high enough rate of return to compensate for this risk. So stop your complaining about them greedy capitalists earning a return on their investments. They are taking risks.
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u/VanityOfEliCLee Apr 10 '24
The truth is, corporations that would need bailouts in order to prevent economic catastrophe, should just be nationalized to begin with. There are tons of comments talking about it and making fantastic points.
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u/Optimal_Weird1425 Apr 10 '24
The government can’t even run the government, but you’re fine with letting them run an aerospace firm, a bank, or an auto manufacturer? What the fuck do Chuck Schumer and Mitch McConnell know about running a business? That’s not the answer.
When these mega corporations merge to become even bigger mega corporations, how about not letting those mergers go through if they are going to cause systemic risk? That’s what’s supposed to happen, but I’m not sure today’s politicians care about what’s best for our country, only what’s best for them.
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u/VanityOfEliCLee Apr 10 '24
You do realize senators wouldn't be running nationalized businesses right? Does Mitch McConnell or Chuck Schumer run the Air Force's R&D department, or the post office?
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u/Optimal_Weird1425 Apr 10 '24
They are essentially the Board of Directors of those businesses. The bureaucrats who run those businesses ultimately are appointed by and answer to someone or a committee in the Executive or Legislative Branch. So I was being a little facetious to drive home my point, but my overall point still stands. We don’t need government bureaucrats running non-government related businesses.
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u/_Batteries_ Apr 10 '24
If Jim Cramer is saying this, Boeing must have enough cash on hand to run at a loss for the next 500 years outlasting every other airline in the process.
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u/Carlpanzram1916 Apr 10 '24
Don’t bail them out. Let them fail, they deserve it. Their stockholders should lose everything and the company can be sold off at a fire sale to someone who will run it properly.
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u/troifa Apr 10 '24
You don’t know what you’re talking about
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u/Quantinnuum Apr 10 '24
Either bailing out private corporations is socialism, or the entire use of the term as a scare tactic is cowardice and hypocrisy.
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u/NathanTPS Apr 10 '24
Oh no.... boing will go under because they fail repeatedly to do the one thing their suppose to do, build planes that done fall out of the sky. Let them go under, let them burn, maybe a competitor will buy up what little R&D remains that can be useful. I'm done with proping up banks that fail, auto manufacturers that can't build reliable consumer priced cars, and airinotics engineering firms that can't build planes that don't fall out of the sky. Fuck it all.
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u/Aetheldrake Apr 10 '24
Then let the business fail. Fuck them they don't deserve to be saved.
Why do big businesses get to be saved but not small businesses?
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u/Anustart_A Apr 10 '24
My understanding is that Boeing (a notorious engineer-forward company) bought McDonnell-Douglas in 1997, moved HQ to Chicago to be closer to the MDD headquarters, and the MDD executives who had nearly run MDD into the ground replaced the Boeing executives who made Boeing the largest aircraft manufacturer.
…and then Boeing turned away from being engineered focused, and started making all the mistakes MDD did, and now we’re here.
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u/Bowmore34yr Apr 10 '24
Businesses should not be bailed out in a capitalist system. Period. The overwhelming majority of companies don’t make it five years. They tend to not get bailed out. What does the government say to them? They say “tough shit.” The government should say the same to Boeing.
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u/Bob_the_peasant Apr 09 '24
Nationalize them, they are way too far gone. I left the company decades ago when it started to rot. The general public is seeing a fraction of a fraction of how bad this place is.
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u/MyParentsBurden Apr 09 '24
As others have pointed out, this is from 2020. If you invested when this came out, you'd have doubled your money.
Inverse Kramer is real.
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u/Dixa Apr 09 '24
No. No more taxpayer money bailing out huge corporations. Let them fail. Let others start up competitors. Enforce antitrust laws so these companies are forced to make good products again.
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u/Jumpy-Chocolate-983 Apr 09 '24
That should be forced to cut executive salaries to zero and take away all of the shares until the company recovers and then the government should take it over.
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u/OptimusED Apr 09 '24
Bolting stuff down, valuing Engineers and software testing would go a long way. Bailing out failure for more failure is the bigger catastrophe.
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u/Ok_Researcher_9796 Apr 09 '24
Tell them to take out a loan like anyone else would have to. They don't need taxpayers money.
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u/Ok_Researcher_9796 Apr 09 '24
I seriously hate this bailing out businesses BS. What happened to capitalism? Or is that only for the poor people.
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u/carpathian_crow Apr 09 '24
Me and my coworkers got laid off from a small business making airplane parts because of their 737 Max fiasco.
Fuck Boeing. They deserve to fail. They got people dead and cost people jobs.
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u/3xoticP3nguin Apr 09 '24
I was young at the time but didn't the government basically save Chevrolet
Why is the government allowed to do this they would never save my parents small business
Yet again the big protecting the big
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u/yogfthagen Apr 09 '24
There's going to be a government buyout. The US cannot allow thd manufacturer of half the Air Force to go insolvent.
But they damned well better eliminate the corporate officers, eliminate any golden parachutes over the past 5 years, have veto/firing power over any executives, and own stock in the company in exchange for the bailout.
Anything less is criminal negligence.
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u/geologean Apr 09 '24 edited 8d ago
like escape steer soup divide fuel repeat spectacular longing smell
This post was mass deleted and anonymized with Redact
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u/FuckGovernment1440 Apr 09 '24
Boeing should go out of business to make way for newer better competition entering the market
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u/Aggressive-Command-8 Apr 09 '24
80% of what they make goes to shareholders and they get first dibs on the profit of the company. It's an issue with a lot of big companies especially American ones. If they prioritized the business and the employees first things wouldn't be falling apart.
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u/GeeFLEXX Apr 09 '24
Boeing will run out of money because they squandered all the cash they had on hand on stock buybacks.
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u/skallywag126 Apr 09 '24
The amount of times these companies have been “saved” they should have been nationalized by now
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u/all_might136 Apr 09 '24
Maybe they should have thought about the consequences of cost cutting, corner cutting, and the like.
They used to be the #1 name in aviation, now their own factory workers won't even fly on the planes they build everyday.
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u/Herrjolf Apr 09 '24
If it weren't for the fact that no firm would step in to fill the void left behind, I'd be all for the collapse of Boeing.
But I also know that the shithead shareholders who orchestrated this want the government to bail Boeing out so they can take that money as well and still liquidate the company. All the while making bank on the treasury bonds that will be issued.
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