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Banks & airlines - will be in the bread line
Comments
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Fuck the airlines
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My patience has about run out. I'll be shifting to a war time footing soon. Let what happened to Pup serve as a warning @creepycougcreepycoug said:
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With the rapidly developing situation concerning the spread of the coronavirus (Covid-19), many of our lives have been disrupted in unforeseen ways. Almost every aspect of our daily lives have been touched in some way, and I recognize that this an unprecedented time for all of us.
I hope that you and your families remain safe and healthy, and I wanted to reach out with updates on how we will be altering our office procedures here at Redacted in the coming weeks.
Rent
The most urgent, and primary concern for many of our tenants may be the upcoming rent payment due April 1st. We are aware that some may be experiencing reductions in hours or loss of employment. If you believe that you will experience difficulties in paying your rent, please contact our office as soon as possible to work out a possible payment arrangement.
We will do everything possible to work with you and our owners to come to an arrangement and establish a payment plan. While we cannot guarantee any modifications, the first step is to reach out and let us know of difficulties you may be facing.
If you expect delays in your rent payment, please contact
And out the door I went...... -
Fuck this stock buyback shit with a rusty cheese greater. Boeing went from the 707 to 747 in a little over a decade. And they can't figure out new a better replacement for the 737 vs just slapping some more efficient engines on the sucker? Fucking christ. Amazon doesn't seem to have a problem putting all the money back into the company.WilburHooksHands said:The airlines want $58B after they just spent $45B on stock buybacks instead of preparing for this again.
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they had already done the more efficient engines - that was the 737NG, about 4 version of it. The Max was a lot of composites and more efficient engines. They obviously rushed it. Software geeks screwing up.YellowSnow said:
Fuck this stock buyback shit with a rusty cheese greater. Boeing went from the 707 to 747 in a little over a decade. And they can't figure out new a better replacement for the 737 vs just slapping some more efficient engines on the sucker? Fucking christ. Amazon doesn't seem to have a problem putting all the money back into the company.WilburHooksHands said:The airlines want $58B after they just spent $45B on stock buybacks instead of preparing for this again.
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I just heard all police will stay home for two weeks to avoid the virus. Have some fun.MikeDamone said:
And fuck the police!salemcoog said:Fuck the airlines, Fuck the Banks and Fuck the Casino's and Fuck the authorities on this whole fake crisis. Bars and restaurant owners should all get together and say fuck you and open their doors. They can't and won't fine them all. And I'm sorry, If you have an existing condition or are old as fuck or abundance. THEN YOU STAY THE FUCK HOME and we'll bring you groceries.
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The CEO is a UW graduate school grad and the President is on the board at the Foster School of Business. Alaska also spent the lowest percentage of their Free Cash Flow in the past decade on share buybacks of the major US airlines.GrundleStiltzkin said:
I'll tip the cap to Alaska Air, announced yesterday their top 2 C's are taking no salary. Maybe there's some goodies hidden somewhere, but the PR move is good.PurpleThrobber said:
See above. If they can't stop masturbating themselves, the big bad regulators will step in and chop off their collective C-level weenies.RaceBannon said:Greed is going to win regardless but in the unintended consequence category was the populist move to "limit" CEO salaries in the 90's.
So they shifted compensation to stock options thus joining the mythical shareholders in demanding quarterly profit over long term health..
It is now a perfect storm of doing everything for the daily stock price and nothing for the health of the company, which can be broken up and sold off anyway
I have some thoughts about airlines, where they are pretty essential companies, but need to be reigned in on certain behavior. Existing shareholders need to take it on the chin first.
Boeing on the other hand, focusing on the commercial aircraft division, I have no idea what to do with that one. That's a mess. Should never have let McDonnell Douglas take over and run them in to the ground.
But now that we're here, the new reality is:
-previous projections for airline passenger growth are out the window and there is now a massive surplus of perfectly suitable aircraft
-Oil is cheap so all the benefit of new aircraft, which is greater fuel efficiency, is gone
There is basically no point in building new passenger aircraft right now. However, building airplanes is complicated. China has been trying to copy it for years and has been unable to, or at least to make one which is economically viable. We'd be screwed in 5 to 20 years as a country if we lost BCA's ability to build planes. The intrinsic knowledge isn't replaceable. So bailing Boeing out to the degree that we as a country keep the ability to design and manufacture aircraft is something I believe is critical to America's place in the world's economy. -
Boeing is too important to fail. It’s not even up for discussion.whlinder said:
The CEO is a UW graduate school grad and the President is on the board at the Foster School of Business. Alaska also spent the lowest percentage of their Free Cash Flow in the past decade on share buybacks of the major US airlines.GrundleStiltzkin said:
I'll tip the cap to Alaska Air, announced yesterday their top 2 C's are taking no salary. Maybe there's some goodies hidden somewhere, but the PR move is good.PurpleThrobber said:
See above. If they can't stop masturbating themselves, the big bad regulators will step in and chop off their collective C-level weenies.RaceBannon said:Greed is going to win regardless but in the unintended consequence category was the populist move to "limit" CEO salaries in the 90's.
So they shifted compensation to stock options thus joining the mythical shareholders in demanding quarterly profit over long term health..
It is now a perfect storm of doing everything for the daily stock price and nothing for the health of the company, which can be broken up and sold off anyway
I have some thoughts about airlines, where they are pretty essential companies, but need to be reigned in on certain behavior. Existing shareholders need to take it on the chin first.
Boeing on the other hand, focusing on the commercial aircraft division, I have no idea what to do with that one. That's a mess. Should never have let McDonnell Douglas take over and run them in to the ground.
But now that we're here, the new reality is:
-previous projections for airline passenger growth are out the window and there is now a massive surplus of perfectly suitable aircraft
-Oil is cheap so all the benefit of new aircraft, which is greater fuel efficiency, is gone
There is basically no point in building new passenger aircraft right now. However, building airplanes is complicated. China has been trying to copy it for years and has been unable to, or at least to make one which is economically viable. We'd be screwed in 5 to 20 years as a country if we lost BCA's ability to build planes. The intrinsic knowledge isn't replaceable. So bailing Boeing out to the degree that we as a country keep the ability to design and manufacture aircraft is something I believe is critical to America's place in the world's economy. -
True dat. Except for the discussion part.YellowSnow said:
Boeing is too important to fail. It’s not even up for discussion.whlinder said:
The CEO is a UW graduate school grad and the President is on the board at the Foster School of Business. Alaska also spent the lowest percentage of their Free Cash Flow in the past decade on share buybacks of the major US airlines.GrundleStiltzkin said:
I'll tip the cap to Alaska Air, announced yesterday their top 2 C's are taking no salary. Maybe there's some goodies hidden somewhere, but the PR move is good.PurpleThrobber said:
See above. If they can't stop masturbating themselves, the big bad regulators will step in and chop off their collective C-level weenies.RaceBannon said:Greed is going to win regardless but in the unintended consequence category was the populist move to "limit" CEO salaries in the 90's.
So they shifted compensation to stock options thus joining the mythical shareholders in demanding quarterly profit over long term health..
It is now a perfect storm of doing everything for the daily stock price and nothing for the health of the company, which can be broken up and sold off anyway
I have some thoughts about airlines, where they are pretty essential companies, but need to be reigned in on certain behavior. Existing shareholders need to take it on the chin first.
Boeing on the other hand, focusing on the commercial aircraft division, I have no idea what to do with that one. That's a mess. Should never have let McDonnell Douglas take over and run them in to the ground.
But now that we're here, the new reality is:
-previous projections for airline passenger growth are out the window and there is now a massive surplus of perfectly suitable aircraft
-Oil is cheap so all the benefit of new aircraft, which is greater fuel efficiency, is gone
There is basically no point in building new passenger aircraft right now. However, building airplanes is complicated. China has been trying to copy it for years and has been unable to, or at least to make one which is economically viable. We'd be screwed in 5 to 20 years as a country if we lost BCA's ability to build planes. The intrinsic knowledge isn't replaceable. So bailing Boeing out to the degree that we as a country keep the ability to design and manufacture aircraft is something I believe is critical to America's place in the world's economy.
It doesn't seem unreasonable to enter into a public/private partnership whereby the gubmint deploys some of its rocket scientists (NASA brainiacs) to regain the edge Boeing used to maintain.
Maybe Mad Dog Mattis is available to come in and run the Lazy B.
