Keziyah doesn't know how a company works. I'm guessing she is a grad student.
That's incorrect, corporate malfeasance is for actual crimes. There is absolutely zero reason they could not have kept the cash on hand - Apple has over $200 billion in cash, and has for the last 5 years. The reason they don't have cash now is because the idiotic system where the people hired to run the company get the majority of their compensation from raising the stock price now - hence all the companies that took 2019's enormous tax breaks and did stock buy backs which inflated the stock price last year, instead of investing in their facilities, staff, or new products. The people who made those decisions got a crap load of money, the companies were left unable to weather the current storm.Keziyah doesn't know how a company works. I'm guessing she is a grad student.
Rx for Economy: Policies That Keep Businesses Busy | RealClearPolitics
Boeing doesn't need to retire, put their kids through school, etc. If they had enough dough sitting around inactive to bridge a 6 month period of zero income, it would be corporate malfeasance. OTOH, it's responsible/prudent for individuals/families to have enough assets to keep going for a period of reduced income.
ETA: The above post does not mean I'm in favor of a govt bailout of Boeing. The "if" and "how" of any assistance is a different issue.
Without the government Boeing will have zero future and this is due to Boeing's own actions. While I have very little trust in the US government I have even less trust in Boeing management.About the only way to make Boeing's future darker would be to make the USG a part owner and put a government functionary on their BoD.
"Hey, looks like you are struggling. Here's an anvil..."
I think that we can all agree that the current corporate cannibalism of America is, shall we say, not a good thing. However, I have a solution: Vote for politicians that won’t take money from Wall Street or PACs and vote out those that do. All politicians in America need to be told over and over that they work for you – not PACs, Lobbyists, or Wall Street.
Call your Congressman’s office and tell them that Congressman/Congresswoman (your congresspersons’ name) is expected to work for your benefit, and not for Wall Street’s.
Call your both of your Senator’s offices and tell them that Senator (your Senators’ name) is expected to work for your benefit, and not for Wall Street’s.
That is a total of 3 phone calls. Be brief, be respectful, and firm. Then follow up with an email to each. Then vote your own interests in November. Jimstix