Entries in Boeing (24)


25 CEOs Earned More than Their Companies Paid in Tax

Medioimages/Photodisc(WASHINGTON) -- Twenty-five of the biggest, best-known corporations in the U.S. paid more money to their CEOs last year than they paid to Uncle Sam in taxes, according to a report released Wednesday. The list includes Boeing, eBay, General Electric, International Paper, and Verizon. The same report, issued by the Institute of Policy Studies, a liberal think-tank, said the 25 companies enjoyed average global profits of $1.9 billion.

Chuck Collins, one of the study’s co-authors, told the Washington Post, “These individual CEOs are being rewarded for presiding over companies that dodge taxes.” Eighteen of the 25 firms operate subsidiaries in countries characterized as tax havens by the U.S. Government Accountability Office or by other tax-monitoring groups.

Some of the 25 took issue with the Institute’s approach, which focused only on what firms paid as a tax expense within calendar year 2010. A spokesman for Verizon, for example, told the Post that Verizon, “fully complies with all tax laws and pays its fair share of taxes.” Verizon said it had deferred paying the bulk of its 2010 taxes to future years.

The same report found that the gap between pay for the average U.S. worker and pay for CEOs rose to a ratio of 325-to-1 last year, up from 263-to-1 in 2009.

Copyright 2011 ABC News Radio


American Airlines Places Biggest Jet Order Ever

Joe Raedle/Getty Images(FORT WORTH, Texas) -- American Airlines announced Wednesday it's expanding its fleet, buying a slew of new airplanes in what the company says is "the largest aircraft order in aviation history."

Starting in 2013, the carrier plans to buy at least 460 aircraft -- 200 from the Boeing 737 family and 260 from the Airbus A320 family.  These new, narrowbody airplanes will get better mileage and will save American Airlines in fuel and operating costs.

These new additions, the carrier says, "are expected to pave the way for American to have the youngest and most fuel-efficient fleet among its U.S. airline peers in approximately five years."

Copyright 2011 ABC News Radio


NLRB Under Fire for Proposed Changes to Union Election Process

National Labor Relations Board(WASHINGTON) -- Members of the business community faced off against the National Labor Relations Board again Tuesday to voice their opposition to the board’s proposed election changes.

This is the second day the board has heard testimony from business groups, union advocates and researchers about the proposed changes, which would not affect cases currently before the board.

The NLRB has caught serious flack in recent months over the highly contentious Boeing case, in which the board charged that the airline manufacturing giant retaliated against unionized workers at its Washington plant by building a new manufacturing plant in South Carolina, a right-to-work state.

The current rule-change controversy revolves around the board’s proposal to mandate a seven-day window between when an employer receives their employees’ petition to form a union and when the pre-election hearing is set.

Business groups claim that one week is not enough time to process and respond to the petition, while union advocates say the shortened window prevents employers from using long wait periods to discourage employees from voting in favor of union membership.

Maurice Baskin, who testified before the board on behalf of Associated Builders and Contractors, said there is a “sense of outrage” in the business community over the proposed changes.   

“In the midst of this terrible economy the NLRB is proposing new and burdensome regulations that appear to have no purpose other than to promote union organizing,” Baskin said.

Baskin said the changes are “unlawful on their face” and “particularly offensive to small businesses” who do not have labor lawyers on staff and are often “completely at sea” when they receive a petition for union membership.

Baskin argued that seven days is not nearly enough time for employers to research their legal options, consult with a lawyer and discuss possible union membership with their employees.

“It takes months to reach the point in the federal courts that the Board now wants to reach in seven days,” Baskin said. “We submit that that’s impossible and there is no justification for that timetable.”

Elizabeth Bunn, who testified on behalf of the AFL-CIO, said employers purposefully drag out the voting process in order to scare workers away from union membership.

“Under the status quo, the employer is able to hang a sword of delay over the union,” Bunn said. “The goal is not to inform. The goal is to delay, harass, confuse and intimidate.”

She urged the board to adopt the “modest reforms” because they reduce “unproductive litigation,” allow workers and unions to communicate better, modernize the election process, create greater certainty and uniformity and allow more workers to vote in union membership elections.

Bunn said that “under the current rules, the board is hamstrung from fulfilling its mission of protecting workers who seek an election to form a union” because employers exercise too much control over the process.

The board will take online comments about the changes until Aug. 22. NLRB spokesperson Nancy Cleeland said implementing any changes would be a long process and that “the end of September would be optimistic” for any reforms to go into effect.

Copyright 2011 ABC News Radio


Obama Breaks Silence about Boeing v. NLRB Labor Dispute

PRNewsFoto/Continental Airlines(WASHINGTON) -- President Obama broke his silence Wednesday about the dispute between Boeing and the National Labor Relations Board (NLRB) over a proposed plant in South Carolina.

The move by the NLRB to block Boeing's plan to move a plant to the Southern state has incited a wave of indignation from Republicans and the business community, who accuse the group of endangering jobs in an already weak economy.

The president on Wednesday put distance between his administration and the labor board stressing that it is “an independent agency.”

“We can't afford to have labor and management fighting all the time, at a time when we're competing against Germany and China and other countries that want to sell goods all around the world,” Obama said at a Wednesday’s White House press conference.

The NLRB is suing Boeing for allegedly moving part of the production of its 787 Dreamliner jet from Washington, a unionized state, to South Carolina, a right to work state, to retaliate against Washington workers for going on strike.

“As a general proposition, companies need to have the freedom to relocate -- they have to follow the law, but that's part of our system,” Obama said. “What I think defies common sense would be a notion that we would be shutting down a plant or laying off workers because labor and management can't come to a sensible agreement.

“And obviously, the air -- airplane industry is an area where we still have a huge advantage.  I want to make sure that we keep it,” the president added.

Nearly every Republican presidential candidate has spoken out against the case. The pro-business Workforce Fairness Institute called on each candidate to make their opposition to “the NLRB’s job-killing actions” a centerpiece of their campaigns.

Copyright 2011 ABC News Radio

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