Fleecing Workers While Bosses Get Rich

0
730
Corporate Greed

Fleecing Workers While Bosses Get Rich

Corporate social responsibility is the second-biggest con of 2019 (Donald Trump remains in first place).

Consider Boeing, whose board just fired its CEO, Dennis Muilenburg, in order “to restore confidence in the company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders”.

Advertisement: Fine Island Resorts

Restore confidence? Muilenburg’s successor will be David Calhoun, who, as a longstanding member of Boeing’s board of directors, allowed Muilenburg to remain CEO for more than a year after the first 737 Max crash and after internal studies found that the jetliner posed an unacceptable risk of accident. It caused the deaths of 346 people.

Muilenburg raked in $30m in 2018. He could walk away from Boeing with another $60m.

Boeing isn’t the only large corporation with a confidence problem.

Silver Rim Events and Meetings
ADVERTISEMENT: Silver Rim™ Events and Meetings

Until his ouster, Muilenburg was a director of the Business Roundtable, an association of 192 CEOs of America’s largest corporations. With great fanfare last August, it announced a “fundamental commitment to all of our stakeholders” (emphasis in the original) and not just their shareholders.AMIBC® - VOTE! BE COUNTED! BE HEARD!

SOURCE ⇒ THEGUARDIAN

Consider supporting AMIBC™. Contribute by clicking on the advertisers and sponsors featured on AMIBC™ and please utilize them. Readers from around the world, like you, make our work possible. We need your support to deliver quality, vetted, investigative journalism – and to keep it open for everyone. At a time when factual, honest reporting is critical, your support is essential in protecting our editorial independence.
The narratives and issues impacting all Americans is tantamount to the AMIBC™ platform. Every contribution, however big or small, is valuable for our future. Make sure to join the AMIBC Founders Club to maximize the total advantage of being a subscriber.

This site uses Akismet to reduce spam. Learn how your comment data is processed.