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Breaking up Boeing is, in a sense, the opposite of nationalizing it. Furthermore nationalizing Boeing would mean buying it from the shareholders, who already ha

Breaking up Boeing is, in a sense, the opposite of nationalizing it. Furthermore nationalizing Boeing would mean buying it from the shareholders, who already have the right to change its management, if they want to. Why don't they want to fire its management? I'd say it's because Boeing is a creature well-adapted to its environment - an environment created by protectionism and defense production contracts.

toomuchtodo 3y ago
You can and would zero out shareholders if needed. The law grants broad authority, and you can tie up folks in court for years if needed. https://www.reuters.com/legal/us-supreme-court-rejects-investor-suits-over-fannie-mae-freddie-mac-2023-01-09/ https://www.reuters.com/legal/us-supreme-court-rejects-inves... https://news.bloomberglaw.com/litigation/government-sheds-lawsuit-by-fannie-mae-freddie-mac-shareholders https://news.bloomberglaw.com/litigation/government-sheds-la...
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- perihelions 3y ago
  It's unconstitutional to nationalize a company without compensating shareholders at market rate. Your own link (Reuters) explains this in depth—you should first read that article which I think you've misunderstood.
  - toomuchtodo 3y ago
    What is the value of an enterprise that cannot sell airplanes due to buyer sentiment and regulatory refusal? I argue it is closer to $0 than you might think. Determine a desired outcome, and then engineer it within constraints (hard vs mutable limits, and where interpretation provides latitude). Edit: Book value is reasonable compensation to nationalize. "Closer to $0", not $0.
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    - jcranmer 3y ago
      > What is the value of an enterprise that cannot sell airplanes due to buyer sentiment and regulatory refusal? I argue it is closer to $0 than you might think. There is a lot of residual value in the physical plant of the enterprise--the real estate it owns, the machines it owns, the resources it has in inventory. Actually, there's a name for this value: book value.

toomuchtodo 3y ago

You can and would zero out shareholders if needed. The law grants broad authority, and you can tie up folks in court for years if needed. https://www.reuters.com/legal/us-supreme-court-rejects-investor-suits-over-fannie-mae-freddie-mac-2023-01-09/ https://www.reuters.com/legal/us-supreme-court-rejects-inves... https://news.bloomberglaw.com/litigation/government-sheds-lawsuit-by-fannie-mae-freddie-mac-shareholders https://news.bloomberglaw.com/litigation/government-sheds-la...

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perihelions 3y ago
It's unconstitutional to nationalize a company without compensating shareholders at market rate. Your own link (Reuters) explains this in depth—you should first read that article which I think you've misunderstood.
- toomuchtodo 3y ago
  What is the value of an enterprise that cannot sell airplanes due to buyer sentiment and regulatory refusal? I argue it is closer to $0 than you might think. Determine a desired outcome, and then engineer it within constraints (hard vs mutable limits, and where interpretation provides latitude). Edit: Book value is reasonable compensation to nationalize. "Closer to $0", not $0.
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  - jcranmer 3y ago
    > What is the value of an enterprise that cannot sell airplanes due to buyer sentiment and regulatory refusal? I argue it is closer to $0 than you might think. There is a lot of residual value in the physical plant of the enterprise--the real estate it owns, the machines it owns, the resources it has in inventory. Actually, there's a name for this value: book value.