The assholes who ran Boeing into the ground (literally, in some tragic cases) will of course escape unscathed, with no consequences whatever, and big fat salaries and bonuses.
Ta, Robyn. I'm happy for the workers. Our Union contract remains unsigned over a YEAR late. The network's lawyers really screwed up. Our delegate says it's going to be soon, and we're getting retro pay from the end of the last contract. Solidarity forever.
Train workers, UAW, Dockworkers and now Boeing workers. Wow, it really makes a difference for American workers when someone in the White House backs labor. Thanks Joe, you are the most labor friendly President in American history and I'm someone ready to get my 45 year union pin in a few years.
Boeing is one of those companies that decided to out-source everything only to discover that they had little control over the results. They need to bring everything back under their roof and under their control,
Fair. They need to follow their processes to make the planes more reliably. The space capsule thing is just bad engineering. Someone didn't think about heat-sinking, which just boggles my mind.
The way modern market capitalism works I wouldn't be surprised if Boeing executives kept drawing whopping paychecks and even more whopping stock bonuses even if they never built another airplane.
Thanks to Petter Hornfeldt (Mentour Pilot) I know more about Boeing's problems than I do about any other corporation in the world. There was never any real doubt that they'd pony up big time on this one. Repairing their relationships with their workers is an existential problem for them. Boeing either gets their workers onboard with broad corporate reform or they go under. Period.
One thing Robyn doesn't mention is that Boeing also committed to building the 797 in Washington, which is also a big deal. But it comes with a caveat: it assumes that the 797 begins production in the next four years, the duration of this new contract. Which goes to show you how important their worker relationship is. Because frankly, there is little chance that the 797 will begin production that soon unless the workers and their unions pressure regulators to fast-track approval.
Well, that part of the effort is going well. But it'll still all boil down to repairing Boeing's safety culture. That's gonna require more than just money.
I would love to see the corporate culture go back to what it was before they swallowed McDonnell-Douglas, and McD-D's relentless emphasis on the bottom line at the expense of quality took over, bursting forth like the alien from the chest of that unfortunate person in the movie. They used to make great airplanes. Now Airbus makes great airplanes, and Boeing, uh, doesn't.
I agree! I retired after 44 years at Boeing 8 years ago. The obsession with stock price and quarterly earnings reports came into the company with Stonecipher from St Louis. He brought with him the Jack Welch GE culture, even though Jack had fired him. After that we got McNerney, mentored and then rejected by Welch. Muilenburg was OK as a young engineer, but was mentored by McNerney, and picked up the GE ways. And of course the recently departed Calhoun learned his bean counting tricks at GE. Jack Welch is now dead. Good.
One of my astronomy professors from grad school was named Jack Welch, a really nice guy, remarkably unassuming for being so brilliant. He was also rumored to be very well-off, possibly from grape juice. Too bad the name was sullied by association ...
His wife (now, sadly, his widow) was deeply involved in the search for extraterrestrial intelligence and is widely assumed to be the model for the Jodie Foster character in "Contact".
I know you are just quoting, so this isn't aimed at you Robyn, but those percentage increases over 4 years don't add up to 35%. Yes, the raw numbers look like they do ... but that doesn't account for the math of compounding those increases. They are actually getting more like a 39.78% increase after the 4 years.
Unless they (Boeing) have explicitly stated that all four of your increase amounts are calculated based on your salary at the start of the contract (as opposed to the start of the year the increase kicks in on) then it's just lazy journalism.
Congrats on being on QAA…someone needs to investigate “black Qanon” that sprung up this summer based on the Diddy case, have yet to speak to a neighbor who does not believe in it.
I think this strike will go on a bit longer. Here's why.
Boeing is not really addressing pension concerns. 'Vested employees' is a loophole one can fly a 747 through as it creates two classes of union members. It leaves a huge swath of the union workforce without a pension, the primary reason the Machinists walked out in the first place. Furthermore, the idea of a Union without a pension is stupid.
Second, the rank and file have already rejected a Union recommended contract because it left out a pension deal.
Today is only day 39 of the strike. Union members have known this strike was coming for years and have saved money to see them through a few more months. Boeing hasn't. I predict the membership with reject this offer as well. As a Washingtonian and Boeing fan I want the strike to be over but only after Boeing agrees to pay its workforce what they are worth.
Now they can get back to their true calling, making flying deathtraps that literally disassemble themselves in midair.
The assholes who ran Boeing into the ground (literally, in some tragic cases) will of course escape unscathed, with no consequences whatever, and big fat salaries and bonuses.
Ta, Robyn. I'm happy for the workers. Our Union contract remains unsigned over a YEAR late. The network's lawyers really screwed up. Our delegate says it's going to be soon, and we're getting retro pay from the end of the last contract. Solidarity forever.
Train workers, UAW, Dockworkers and now Boeing workers. Wow, it really makes a difference for American workers when someone in the White House backs labor. Thanks Joe, you are the most labor friendly President in American history and I'm someone ready to get my 45 year union pin in a few years.
Boeing is one of those companies that decided to out-source everything only to discover that they had little control over the results. They need to bring everything back under their roof and under their control,
Great job, Boeing workers. Now start making planes that don’t fall part in flight and space capsules that are safe for astronauts to fly in.
Fair. They need to follow their processes to make the planes more reliably. The space capsule thing is just bad engineering. Someone didn't think about heat-sinking, which just boggles my mind.
Management has been too focused on stock price and have been quality control ever since the merger with McDonnell-Douglas.
The way modern market capitalism works I wouldn't be surprised if Boeing executives kept drawing whopping paychecks and even more whopping stock bonuses even if they never built another airplane.
Of course. Stock price Uber Alles.
Thanks to Petter Hornfeldt (Mentour Pilot) I know more about Boeing's problems than I do about any other corporation in the world. There was never any real doubt that they'd pony up big time on this one. Repairing their relationships with their workers is an existential problem for them. Boeing either gets their workers onboard with broad corporate reform or they go under. Period.
One thing Robyn doesn't mention is that Boeing also committed to building the 797 in Washington, which is also a big deal. But it comes with a caveat: it assumes that the 797 begins production in the next four years, the duration of this new contract. Which goes to show you how important their worker relationship is. Because frankly, there is little chance that the 797 will begin production that soon unless the workers and their unions pressure regulators to fast-track approval.
Well, that part of the effort is going well. But it'll still all boil down to repairing Boeing's safety culture. That's gonna require more than just money.
I would love to see the corporate culture go back to what it was before they swallowed McDonnell-Douglas, and McD-D's relentless emphasis on the bottom line at the expense of quality took over, bursting forth like the alien from the chest of that unfortunate person in the movie. They used to make great airplanes. Now Airbus makes great airplanes, and Boeing, uh, doesn't.
I agree! I retired after 44 years at Boeing 8 years ago. The obsession with stock price and quarterly earnings reports came into the company with Stonecipher from St Louis. He brought with him the Jack Welch GE culture, even though Jack had fired him. After that we got McNerney, mentored and then rejected by Welch. Muilenburg was OK as a young engineer, but was mentored by McNerney, and picked up the GE ways. And of course the recently departed Calhoun learned his bean counting tricks at GE. Jack Welch is now dead. Good.
One of my astronomy professors from grad school was named Jack Welch, a really nice guy, remarkably unassuming for being so brilliant. He was also rumored to be very well-off, possibly from grape juice. Too bad the name was sullied by association ...
His wife (now, sadly, his widow) was deeply involved in the search for extraterrestrial intelligence and is widely assumed to be the model for the Jodie Foster character in "Contact".
seriously.
Nice times!
I know you are just quoting, so this isn't aimed at you Robyn, but those percentage increases over 4 years don't add up to 35%. Yes, the raw numbers look like they do ... but that doesn't account for the math of compounding those increases. They are actually getting more like a 39.78% increase after the 4 years.
Unless they (Boeing) have explicitly stated that all four of your increase amounts are calculated based on your salary at the start of the contract (as opposed to the start of the year the increase kicks in on) then it's just lazy journalism.
Huzzah!
Also, too, I have a feeling that even a company the size of Boeing may not want more PR-disasters than there already are.
Congrats on being on QAA…someone needs to investigate “black Qanon” that sprung up this summer based on the Diddy case, have yet to speak to a neighbor who does not believe in it.
I think this strike will go on a bit longer. Here's why.
Boeing is not really addressing pension concerns. 'Vested employees' is a loophole one can fly a 747 through as it creates two classes of union members. It leaves a huge swath of the union workforce without a pension, the primary reason the Machinists walked out in the first place. Furthermore, the idea of a Union without a pension is stupid.
Second, the rank and file have already rejected a Union recommended contract because it left out a pension deal.
Today is only day 39 of the strike. Union members have known this strike was coming for years and have saved money to see them through a few more months. Boeing hasn't. I predict the membership with reject this offer as well. As a Washingtonian and Boeing fan I want the strike to be over but only after Boeing agrees to pay its workforce what they are worth.
Sign on the Starliner assembly floor:
"AT LEAST OUR DOORS DIDN'T FALL OUT!"
More appropriate sign for SpaceX- " What are we gonna do now that we've burned through all NASA's original research?"
"Curses! Now I'll have to sell my third mansion to pay for this!"