The need to seize the company. Boeing holds too many military contracts to be allowed to die. They build planes for the military, so they’ll get an inevitable bailout.
Instead, the government should start seizing parts of the company as part of the bailout.“Oh hey, we paid you all this money, so we own these parts of the company now. Shareholders have been fairly compensated for it by the bailout money, so you can’t say it’s unfair. You have proven that your leadership is lacking and you can’t be allowed to operate without oversight. So now that we own large swaths of the company, we’ll be making lots of the big decisions.”
The need to seize the company. Boeing holds too many military contracts to be allowed to die. They build planes for the military, so they’ll get an inevitable bailout.
Instead, the government should start seizing parts of the company as part of the bailout. “Oh hey, we paid you all this money, so we own these parts of the company now. Shareholders have been fairly compensated for it by the bailout money, so you can’t say it’s unfair. You have proven that your leadership is lacking and you can’t be allowed to operate without oversight. So now that we own large swaths of the company, we’ll be making lots of the big decisions.”