21:52:23 EDT Tue 15 Oct 2024
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Boeing CDR (CAD Hedged)
Symbol BA
Shares Issued 650,000
Close 2024-09-06 C$ 27.47
Market Cap C$ 17,855,500
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Globe says union rep may land on Boeing's board

2024-09-09 08:42 ET - In the News

The Globe and Mail reports in its Saturday edition that it is not often you hear an expression of love for a corporate entity, especially when it comes from a union leader in the middle of contentious contract negotiations. The Globe's Gus Carlson writes this is doubly true when the object of affection is Boeing, the once-respected symbol of American innovation and integrity whose fall from grace has been swift, messy and tragic. Yet Boeing's major union, the International Association of Machinists, is now using the L-word in a bid to win a board seat by painting a good-guy, bad-guy picture of its commitment to the company compared with that of the current slate of directors. "We love the Boeing Company," Jon Holden, president of the Boeing local, told CNN. "It's the people on the board who don't. They sacrificed its integrity." Sadly, for the hundreds of people who perished in recent crashes of Boeing aircraft and their families, Mr. Holden is right. And the union's bid to get a representative on the Boeing board as part of intense contract negotiations is not as unreasonable as it may sound to some, especially considering the company has not stopped the bleeding. A union rep as a director cannot do much worse.

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