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this post was submitted on 09 Mar 2024
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Because the stock market knows the US government would never let Boeing fail. Ever since the 2008 crisis investors have been acting on the assumption that every company that is too important for the US economy will be bailed out (as in, given low interest loans, not nationalised like a sane government would do).
Boeing doesn't need to fail. They're not going to, government assistance or not, they are still a profitable company of their own right. This isn't a case of bad investments like in 2008. So unless every company buying aircraft cancels their orders, which they won't, Boeing will continue to be fine. Besides, simple fact is Airbus doesn't have enough production capacity to replace Boeing.
That said, I would love to see their stock price tank. That doesn't bankrupt the company. It will fuck up their investors though. And those investors are the ones who would demand new management and, if they act collectively, can actually force new management to happen within a year. Any shareholder can put forward a shareholder resolution. A shareholder resolution could replace any or all of the company management. And if a majority of shareholders vote for it by proxy at the next annual meeting, then that's what happens.
If I were a Boeing shareholder, I would put a shareholder resolution that upper management must step down within the next 8 months, and the company headquarters must move from Washington DC back to Seattle where they build airplanes. Furthermore, the company charter would be amended to say that only someone with an engineering background may serve as CEO or in certain other upper management roles.
Boeing is a national strategic asset, even if its commercial airliners ended up in the toilet the DoD would keep it alive on gov contracts alone
Then the USAF should be given control over those parts.
Thinking about it, it's not just peacetime military contracts, the entire company is a national security asset
I doubt the gov would ever actually let Boeing's domestic commercial airliner market share decline too far because they need the engineering capabilities and the production capacity left intact just in case we ever suddenly find ourselves at war, they'd just place tariffs on Airbus airframes until production is where they want it
That's why you nationalize the parts you need. Someone else will rise to make commercial planes.
That's what I'm saying, they need all of it, they'd have to nationalize the entire company if that's what they were going to do
Don't threaten me with a good time.