Boeing CEO Jim McNerney Is a Super-Rich, Sniveling Serpent-Beast

[Newsjock]

Source: The Stranger

Have you been reading this Boeing stuff in the Seattle Times? Holy shit you need to be paying attention to this. I'm no expert on labor issues, but if I understand correctly, Boeing CEO Jim McNerney is holding the futures of 60,000 of his machinists and workers hostage—the backbone of the company, he seems to be forgetting. McNerney's one of these guys whose big plan is to cut workers' pay and benefits and pensions to shit while reaping multi-million dollar pay and bonuses and pension for himself. Here’s the gist.

Reportedly, under McNerney's leadership, Boeing wants to cancel machinist/worker’s pensions, raise their healthcare costs, and limit their pay raises to 1% every other year, which even the Seattle Times calls "appalling." Meanwhile, as they also point out, McNerney's pension "soared by $6.3 million just in the past year." His compensation in 2012 was $21.1 million, a 15 percent increase over the previous year, and Boeing's profit last year was $3.9 billion.

Oh yeah, and if the local Boeing machinists and workers don't accept these horrible new terms, Boeing is threatening to move construction for the 777X jetliner to South Carolina, where Boeing can find pension-free workers. Of course, that would leave workers out here fucked. That's some slitherous shit.

The workers vote this Wednesday. There's a $10,000 "signing bonus" if they accept the terms, but that’s really nothing in the scheme of what McNerney's doing.

Read more: http://lineout.thestranger.com/lineout/archives/2013/11/11/boeing-ceo-jim-mcnerney-is-a-super-rich-sniveling-serpent-beast

[AzDar]

1. K & R

[The Second Stone]

2. They should strike until McNerney is fired as a condition of returning

and make it clear that nothing will happen until this clown is gone. He will move the jobs to South Carolina anyway.

[uponit7771]

7. +1, it'll take at least a year to get that 777x plant up and going and in the mean time... nothing

... and that CEO eats the cost

[KT2000]

3. that's the way Boeing does it -

extortion all the time.
Rumor had it that back in the 90s there were a lot of workers injured by working with new composite materials. People had really serious damage that turned them into poverty stricken people who could never work again. Boeing did not want their illnesses recognized and threatened to leave the state if they were paid workers comp. A few of the workers were so desperate they killed themselves.

Washington has been blackmailed by Boeing for decades.

[bahrbearian]

10. They treatened to leave the state so we gave them a $2 billion tax cut, in 1999 they laid off 60,000

people and sent our jobs overseas.

[Arugula Latte]

4. Someone needs to strap him to the wing of a jumbo jet

and take him for a ride at 30,000 feet.

[NealK]

5. Sounds like such a wonderful human being

[glowing]

6. At the end of the day, what do these CEO's do for anyone?

You can't honestly expect that anyone but the wealthy believe 21 million in compensation is worthwhile, at the same time, saying they need to cut costs by cutting workers pay.

At some point Boeing has to make a sale of these planes to commercial airlines. If people are flying less because they don't have the pay or vacation luxury to fly, how do they justify buying new planes, rather than fixing up the old ones?

And that's the crux of it all. If people, the 99% don't have money to participate in real world economic terms, they won't be able to keep put the charade at the top of the game of hedging bets and making millisecond trades by computer. Of course, they are so insulated and deluded that they actually think they will survive while the rest of the world burns... They are also so out of touch, they really don't understand what it means to have no money. It's easy to see this because of their insistence of social security adjustments so they won't have to pay taxes. Greedy bastards.

[uponit7771]

8. Supply and demand, there aren't too many people who'll accept 21 million dollar salaries/sarcasm

[bahrbearian]

9. Governor Inslee and the republican senate is giving him cover.

Give Boeing a $9 billion tax cut and raise gas tax 10 cents. Who pays for the Boeing tax cut ? the poor.

[n2doc]

11. And of course that SC move has already worked so well…..

http://www.charlestonbusiness.com/news/42645-boeing-finds-problems-in-s-c-manufacturing-process?rss=0

http://www.bizjournals.com/seattle/news/2013/11/04/logistical-challenges-face-boeing-if.html

http://seattletimes.com/html/businesstechnology/2020275838_boeingoutsourcingxml.html

[bahrbearian]

12. Not just Charleston ,all of the oversea vendors failed on the 787

They had to bring lots of the work home . Italy got to keep their failed tail section production because they paid for the massive tool they needed to build it, Boeing is still trying to figure out how to get that work back.

[Blue Owl]

13. First class assclown

n/t

[Initech]

14. Another greedy thieving rat bastard who wants it all for himself.

Fuck these people.