HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » The biggest business con ...

Mon Dec 30, 2019, 05:45 PM

The biggest business con of 2019: fleecing workers while bosses get rich

Robert Reich

Corporate social responsibility is the second-biggest con of 2019 (Donald Trump remains in first place).

Consider Boeing, whose board just fired its CEO, Dennis Muilenburg, in order “to restore confidence in the company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders”.

Restore confidence? Muilenburg’s successor will be David Calhoun, who, as a longstanding member of Boeing’s board of directors, allowed Muilenburg to remain CEO for more than a year after the first 737 Max crash and after internal studies found that the jetliner posed an unacceptable risk of accident. It caused the deaths of 346 people.

Muilenburg raked in $30m in 2018. He could walk away from Boeing with another $60m.

Boeing isn’t the only large corporation with a confidence problem.

Until his ouster, Muilenburg was a director of the Business Roundtable, an association of 192 CEOs of America’s largest corporations. With great fanfare last August, it announced a “fundamental commitment to all of our stakeholders” (emphasis in the original) and not just their shareholders.

https://www.theguardian.com/commentisfree/2019/dec/29/boeing-amazon-business-ethics-robert-reich

2 replies, 445 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply The biggest business con of 2019: fleecing workers while bosses get rich (Original post)
turbinetree Dec 2019 OP
SWBTATTReg Dec 2019 #1
turbinetree Dec 2019 #2

Response to turbinetree (Original post)

Mon Dec 30, 2019, 05:55 PM

1. They been doing this to workers a lot longer than since 2019...scamming the workers and...

worse, no really big pay increases since the 70s, etc., all while costs are going up still for everything else. Biggest scam of all.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to SWBTATTReg (Reply #1)

Mon Dec 30, 2019, 05:59 PM

2. Yepper spot on.............................

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread