patrick.net

Patrick says

zzyzzx says

You own shares directly. Make the shareholders vote in it. It's your right to do this.

I don't own very much. Do I have the right to call a shareholder vote on the issue?

https://www.investopedia.com/articles/basics/04/082704.asp

Today, any shareholder (or group of shareholders) who has owned at least $2,000, or 1% of a company's stock continuously for at least a year may introduce a proposal. These proposals are often termed "direct proxy access" and focus most prominently on allowing shareholders to nominate director candidates.

I think the $ or % probably varies by company.

Patrick says

As a Boeing shareholder, this makes me sad.

Fuck being a shareholder. They make god damn airplanes. Not that blacks cannot be engineers and do a good job, but this is a classic case of trying to force a square peg through a round hole. This could kill people. They already fucked up the 737 MAX without racial hiring and it's still not fixed with dozens of jets sitting on the ground. They need to hire the best fucking people in an industry that gets smashed with just one or two incidences.

I'd rather have 2% of my workforce be black, but they're the best, than 20% just because they're black and paid for a degree at Phoenix online college or some other shit show. I'm a huge Southwest guy, but if this goes down I might switch airlines. This literally would make me trust Airbus more if they really move this direction. I like living and as racist as it sounds, there's not going to be 20% of Boeing workforce that is black without hiring some dip shits. It's statistically impossible.

WookieMan says

without hiring some dip shits

Considering that MBA types already run corporate America, the ship of 'hiring dipshits' has already sailed.

Rin says

WookieMan says

without hiring some dip shits

Considering that MBA types already run corporate America, the ship of 'hiring dipshits' has already sailed.

True. There's just not enough educated blacks to fill 20% of Boeings workforce unless they're mostly janitors. And it's not racist, it's just math when they only make up ~13% of the population and the demographic has very poor education results. These are airplanes that move millions annually, not something like a making a shovel that is low skill.

WookieMan says

I'm a huge Southwest guy, but if this goes down I might switch airlines.

One good thing about Southwest is that they don't buy a lot of planes. They have almost all Boeing 737s I think, but they have owned them a long time.

zzyzzx says

Today, any shareholder (or group of shareholders) who has owned at least $2,000, or 1% of a company's stock continuously for at least a year may introduce a proposal. These proposals are often termed "direct proxy access" and focus most prominently on allowing shareholders to nominate director candidates.

Thanks, I'll see if I can introduce a proposal to hire employees based on competence alone.

Patrick says

They have almost all Boeing 737s I think, but they have owned them a long time.

It's all 737's which makes them a safer airline. They can streamline maintenance and upkeep by making their employees experts on one model of aircraft. They do have a shitload of idle 737 Max's though, so they do buy new planes. They have 40ish still set to be put in service that are parked, but they were under contract for up to ~120 planes (737max). The MAX was a huge deal for Southwest and has hurt their pocketbook and obviously Boeings.

I just want air travel back to normal. I think we're nearing 5-6 flights cancelled this year. October trip to St. John might be done at this point with the USVI closing back down. Travel is our addiction and we can barely feed it right now.