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Boeing Pension Plan

Boeing like other companies is trying to move away from the defined benefit plan, but of course the union wants one.  And no doubt AIRBUS with a lot of European employees has one.  And so Boeing is caving and apparently going along with the idea rather than face a strike. I would say this is a short term mistake, they might as well cross this rubicon now.

This is an excelelnt article as we study the libaility and equity side of the blanace sheet in Intermed II as well as Fin Statement Analysis. The FASB does not make companies own up to all their future liabilities in this or the operating lease area. IF they did Ford and GM would be out of equity.

Speaking of Ford, it went to a new low of $4.35 yesterday. GM is a few cents above its low at $10.04. Rather than excoriating the members of the other party on their national televised party conventions it seems to me this would be a good time to engage in a dialog. Will America have American owned car companies or not? Reminder, Britain does not have any, it could happen here.

Again, this is an important article.

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2 responses to “Boeing Pension Plan”

  1. Yovela Rico Avatar
    Yovela Rico

    I have certainly been waiting for textbooks to become electronic. That would be very helpful on my back. As a matter of fact, my chidren go to Business Careers High School where most of their books are going electronic as well. I think though, for entertainment reading I would much rather have a book in hand. Although, I have always wanted someone to come up with a radio station that narrates books. I am a avid NPR listener for the news and stories but, they repeat these throughout the day. If there were a radio station online that I could plug into at work, I could catch up on all the latest books I’ve been missing since I begun my college career.

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  2. Dennis ElamDennis Elam Avatar
    Dennis ElamDennis Elam

    Yovela’s idea is catching on with podcasts and audio books, both available as downloads to an MP3 player. As one who is moving, I too prefer the book or magazine the first time I read it, after that, gee it sure would save volumes of space and weight if they were all electronically stored.

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