4 ms·
The federal government should buy a controlling share in the company, problem solved.
by velcrovan 3y ago
The federal government should buy a controlling share in the company, problem solved.
- godzillabrennus 3y agoFederal government can’t run itself today. Probably not going to be effective running Boeing either.
- velcrovan 3y agoFederal government can run itself fine as long as congresspeople aren't staging stunt shutdowns. They owned a controlling share in GM from 2009–2013 to bring the company out of bankruptcy. They own the Tennessee Valley Authority which operates no better or worse than other utility companies. The Alaskan sovereign wealth fund owns hundreds of companies and properties throughout the US. There isn’t a meaningful difference in competence or bureaucracy between a too-big-to-fail company the size of Boeing and a large state institution. The difference would be in who can set the org-wide incentives and goals. Clearly shareholders aren't interested in safety being one of the goals.
- euroderf 3y agoIsn't there some precedent for this in the automotive industry ? For example, in running Chrysler ?