Boeing

Boeing CEO Taking $3.9M Annual Pension for 15 Years After Workers Were Forced Into 401Ks

Boeing CEO Taking $3.9M Annual Pension for 15 Years After Workers Were Forced Into 401Ks
Boeing’s most recent Securities and Exchange Commission filing has revealed that CEO Jim McNerney will be paid $3.9 million a year in pension benefits for each of the next 15 years. This revelation follows the announcement that he will retire on July 1st but will remain as chairman until February of 2016.
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Huge Tax Breaks Not Enough? Boeing Ships 2K Jobs Away from WA to More Union-Unfriendly State

Huge Tax Breaks Not Enough? Boeing Ships 2K Jobs Away from WA to More Union-Unfriendly State
Less than 11 months after receiving $8.7 billion in tax incentives from the Washington state legislature, Boeing has announced they will transfer nearly 2,000 engineering jobs to “lower cost regions” over the next three years.
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AL Gov on Looting Education Budget for Corporate Welfare: 'Eat What You Kill'

AL Gov on Looting Education Budget for Corporate Welfare: 'Eat What You Kill'
It may read like satire — but unfortunately, it is not. Alabama Governor Robert Bentley is calling for a special Legislative session to divert money from the state's Education Trust Fund to pay for corporate welfare. Because if corporations are people and children are just little people, than this is all the same thing. Right?
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Wage Attacks Ignore Important Context for Why Skilled Workers are Paid What They’re Paid

Wage Attacks Ignore Important Context for Why Skilled Workers are Paid What They’re Paid
In response to a Seattle Times article that looked into Boeing’s plan to capture an extra $100 million annually by transferring 1,100 jobs from their Puget Sound facility to a “Right-to-Work” state, Mill Creek, Washington, resident and union carpenter Ed Armstrong penned an impassioned defense of prevailing wages and skilled labor. In “Quality Workers are Worth Paying For,” Armstrong explains how anti-union resentment creates a negative, local trickle-down effect and is ageist.
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It Took 14 Years, But Boeing Now Owes Its Engineers $47 Million

It Took 14 Years, But Boeing Now Owes Its Engineers $47 Million
Boeing broke the law when it tried to break the backs of two now-formed California unions. A judge ordered the aerospace company to pay $47 million in restitution to the engineers that had to fight the union-busting tactics.
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REPORT: Of Discouraging $110B in Corporate Welfare, $88M Goes to Koch Industries

REPORT: Of Discouraging $110B in Corporate Welfare, $88M Goes to Koch Industries
A new report provides detail on our ‘corporate welfare state’ and the way large corporations benefit from programs being sold to the public as beneficial to American citizens. In total, state and local governments have handed out $110 billion in corporate welfare. If that's not bad enough, $88 million has been siphoned off by the free market championing Koch Brothers.
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Boeing, Boeing, Gone? Unions May Not Accept Aerospace Co's Pension-Cutting Proposal After All

Boeing, Boeing, Gone? Unions May Not Accept Aerospace Co's Pension-Cutting Proposal After All
The leader of Boeing Co. machinists told hundreds of union workers Thursday night that he will see whether he can stop a vote on a proposed new eight-year contract agreement that Boeing says will determine whether much of its new 777X jet is built in the Puget Sound area.
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Gutting Worker Rights for the Wooing of Boeing

Gutting Worker Rights for the Wooing of Boeing
Washington State has a world-class aerospace cluster, employing more than 130,000 people making products the rest of the world wants to buy. In 2003, Boeing cast a chill on the state, moving its headquarters to Chicago. In 2009, the chill deepened with the decision to assemble some 787s in South Carolina. Sadly, this trend is continuing.
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Stan Sorscher
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