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At the very least fine could a MUCH higher percentage of annual profit. That would at least give the company incentive to fire people.
by nickthegreek 6y ago
At the very least fine could a MUCH higher percentage of annual profit. That would at least give the company incentive to fire people.
- apta_ 6y agoWho would get fired though? It seems that it is more likely to affect those lower in the hierarchy.
- bzbarsky 6y agoThe number here ($2.5 billion) seems to be ~20% of Boeing's 2016 EBITDA (earnings before interest, taxes, depreciation, amortization) and ~18% of their 2017 EBITDA. It's ~700% of their 2019 EBITDA (they had a pretty bad year revenue-wise in 2019) and I expect they will have a significantly negative EBITDA for 2020 (it's -$4.6 billion for the 12 months through 2020-09-30). Looking at historical trends at https://www.macrotrends.net/stocks/charts/BA/boeing/ebitda https://www.macrotrends.net/stocks/charts/BA/boeing/ebitda it looks like it's something like 25% of an eyeballed "average year" for Boeing. I suspect you're right that this is a little low given what was going on here.