2 ms·
Not just Boeing, all of their shareholders, including institutional ones. This would essentially be an edict that the stock price is now $0, modulo liquidation
by brookst 3y ago
Not just Boeing, all of their shareholders, including institutional ones. This would essentially be an edict that the stock price is now $0, modulo liquidation plans. But I don’t think you could declare the company too rotten to operate and also sell off its operations, so enterprise value would be best case. Oh, and many of its assets in the form of planes would presumably be instantly devalued/worthless.
It’s a fun hypothetical (unless you work for Boeing), but I don’t think there’s a legal precedent or a good outcome even if it were possible.
- pjc50 3y agoThis would almost certainly fail legally on "taking" grounds. It also fails politically, since Boeing is a critical US defence contractor, and the US is not going to cut off its supply of parts for military aircraft. Killing Boeing is a fantasy.
- ensignavenger 3y agoA more practical approach would be to fine them a huge amount of money after a fair investigation and trial. Then, when the company is forced to declare bankruptcy or is on the brink of it, the US Government could buy the company out of bankruptcy, replacing all executive management and run it for a enough time to ensure that corrections have been implemented, then the Government could take the company public again and divest itself.