If there was ever a time to reform American businesses and stop CEOs from profiting off the American taxpayers, this is the perfect time.
Boeing has run out of cash and will be to be taken over by the USA Government… I believe this is almost a certainty at this point. However, let’s not forget that their former CEO (trump’s Golf buddy) just go paid millions to quit.
There is no doubt that American Airlines, United Airlines, Southwest … etc will all need cash infusion and even Government guarantees to survive the summer. And that the Government will need to take ownership in these companies … one way or another. Remember GM in 2008?
Prior to any bailouts, rules must be put in place to stop these CEOs from enriching themselves again as soon as the chaos is over.
Some of the first rules that must be pushed onto these companies is that CEO total compensation MUST be tied to the average pay of workers.