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