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I don& #39;t want US gov& #39;t to have equity stake in Boeing. I want Boeing equity holders & mgmt to bear risk for failed corp policies.
Solution: for every $1 in loan support, Boeing must raise $1 in new equity. Similar to equity buffer required of TBTF banks. https://www.wsj.com/articles/boeing-ceo-no-government-equity-stake-for-taxpayer-aid-11585058235">https://www.wsj.com/articles/...
Solution: for every $1 in loan support, Boeing must raise $1 in new equity. Similar to equity buffer required of TBTF banks. https://www.wsj.com/articles/boeing-ceo-no-government-equity-stake-for-taxpayer-aid-11585058235">https://www.wsj.com/articles/...
Boeing solution:
1) clawbacks on mgmt comp (incl SBC) for next 10 yrs.
2) indep Board chair appointed by gov& #39;t for next 10 yrs.
3) $1 in loan support requires $1 in new capital raised.
4) no buybacks or divs until loans repaid. https://www.epsilontheory.com/do-the-right-thing/">https://www.epsilontheory.com/do-the-ri...
1) clawbacks on mgmt comp (incl SBC) for next 10 yrs.
2) indep Board chair appointed by gov& #39;t for next 10 yrs.
3) $1 in loan support requires $1 in new capital raised.
4) no buybacks or divs until loans repaid. https://www.epsilontheory.com/do-the-right-thing/">https://www.epsilontheory.com/do-the-ri...
