Boeing CEO does not want U.S. to take stake in company after coronavirus stimulus

[turbinetree]

Source: Reuters

BUSINESS NEWS MARCH 24, 2020 / 8:44 AM / UPDATED 3 HOURS AGO

(Reuters) - Boeing Co (BA.N) Chief Executive Dave Calhoun said on Tuesday he does not want the U.S. Treasury to take an equity stake in the plane maker as a condition of government loans as credit markets freeze amid the coronavirus pandemic.

"I don't have a need for an equity stake," Calhoun told Fox Business. "If they force it, we just look at all the other options and we've got plenty of them."

Boeing has sought $60 billion in U.S. government loans for itself and the aerospace industry. Congress could reach agreement on a stimulus and rescue package worth up to $2 trillion to respond to the massive economic damage from the coronavirus pandemic as soon as today.

"There are a lot of options for us in the private markets etcetera, but the credit markets have to be open," Calhoun told CNBC, noting that Boeing "has $15 billion in the bank."

U.S. lawmakers have said they could demand equity, warrants or options as a condition of government loans.


Reporting by David Shepardson, editing by Louise Heavens and Bill Berkrot

Read more: https://www.reuters.com/article/us-boeing-737max/boeing-ceo-does-not-want-u-s-to-take-stake-in-company-after-coronavirus-stimulus-idUSKBN21B1WN

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I hope that they do not file for bankruptcy.................people on the Boeing pension plan would be in deep trouble.................

[rampartc]

1. easy answer, "why would we stimulate a loser like you?"

[Sherman A1]

8. A valid question

[Squinch]

2. If they have "plenty of other options" WHY are we giving them money?

[The Magistrate]

17. Hear Hear, Sir

Let him go to the market for money and terms.

[2naSalit]

3. Screw them...

If they want OUR MONEY they will accept the terms, period.

[Freethinker65]

4. Fine. Go on Shark Tank and try to get a better deal.

Perhaps the QVC lady can help?

JFC

[Magoo48]

5. If you're hat-in-hand, you don't set the terms.

[Bernardo de La Paz]

6. Greedy fuckers. . . . nt

[iluvtennis]

7. If you had "private market options", why come to the government for a handout. nt

[Sherman A1]

9. "If they force it, we just look at all the other options and we've got plenty of them."

Well good there Skippy, just go and take advantage of those other options.


You F******** Loser.

[IronLionZion]

10. They should give back all the tax breaks they got from Seattle and Washington State

Useless bums always looking for a government handout

[bluestarone]

11. OK your choice!

ZIPO NOTTA NOTHING! we agree!

[captain jack]

12. "...we've got plenty of them." Sure you do. Just another loser CEO begging for welfare.

Dave Calhoun should be fired. It only took a couple of weeks for Boeing to fall apart. Trump could keep them alive longer. At least a day or two longer.

[SunSeeker]

13. Fuck you, Boeing. Our taxdallers are already the only thing keeping you alive.

[sandensea]

14. Sure. They just want a blank check.

Business as usual, as far as they're concerned.

[beachbumbob]

15. there you are, corporations want the dough but will give up nothing. Screw them

[LastLiberal in PalmSprings]

16. If they have "plenty of other options" for keeping Boeing operable

then why the fuck have they got their hands out to grab taxpayer money? We can use those funds to help people and small businesses that don't have "plenty of other options."

Let their vaunted "free market" take care of them, and decide whether the company deserves to live or die.

[greenjar_01]

18. Boy, bye

[Owl]

19. No one is interested in investing in Boeing at this time.

[Bengus81]

20. They want the CASH with zero restrictions,about what Turtle wanted to give them

Then along came those spoiler Dems.

[TheFarseer]

21. That's fine

Better take your ass down to Paycheck Advance, dickhead.

[Flaleftist]

22. Then don't take the money.

Every corporation that gets money should turnover the stocks they bought back with their tax cuts.