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Military/Defense News / Re: Boeing Woes Also Infecting Military Aviation
« Last post by banddag on Today at 05:10:58 pm »My nephew is a manager for Boeing in SC.
Boeing is under so much stock holder pressure to make ever increasing profits and pay dividends they are cutting corners and it is coming back to bite them.
This trend is what is happening to most corporation across the country. Ceo have a small base pay but their real pay is more and more based upon payment in stocks and bonuses and they are pushing to employees, lower level management and their subcontractors and vendors to the extreme to maximize profits.
Then the subcontractors and vendors are forced to do the same thing. It is a vicious cycle. Not just ceo's. Boards of these companies are under so much pressure for profits and if it does not happen they will get replaced.
Boeing is under so much stock holder pressure to make ever increasing profits and pay dividends they are cutting corners and it is coming back to bite them.
This trend is what is happening to most corporation across the country. Ceo have a small base pay but their real pay is more and more based upon payment in stocks and bonuses and they are pushing to employees, lower level management and their subcontractors and vendors to the extreme to maximize profits.
Then the subcontractors and vendors are forced to do the same thing. It is a vicious cycle. Not just ceo's. Boards of these companies are under so much pressure for profits and if it does not happen they will get replaced.