McDonnell Douglas knows they can continue to drain Boeing of money because the US govt will step in to bail Boeing out when things go really bad.
Reminds me of the cynical calculus around power companies here in California.
Reminds me of the cynical calculus around power companies here in California.
Even an optimistic bail-out scenario involves the stock being wiped clean. (For example, what we did with the automakers.)
Given the bipartisan frustration with Boeing, I'd fully expect calls for clawbacks that make failure personally painful for Boeing's leadership.