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Published: Wednesday, February 12, 2014, 1:00 a.m.
Boeing


Cheap approach may not work

When Boeing’s IAM members voted on a contract that cut their benefits and pension, Boeing’s stock went up. When the CEO held a press conference and declared things were going so well that he would not have to cut his own pension or benefits, Boeing’s stock dropped like a rock. More recently, an industry analyst politely suggested putting the squeeze on both line employees and suppliers might not be the best idea in the long term.
From my own perspective, usually on the aisle a third of the way back, riding at 30,000 feet in a plane made the Boeing way is reassuring. Doing the same in a jet made the Walmart way … not so much.
From the stock market reactions, the money folks agree.
Michael Furr
Marysville
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Herald Editorial Board

Jon Bauer, Opinion Editor: jbauer@heraldnet.com

Carol MacPherson, Editorial Writer: cmacpherson@heraldnet.com

Neal Pattison, Executive Editor: npattison@heraldnet.com

Josh O'Connor, Publisher: joconnor@heraldnet.com

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Feel strongly about something? Share it with the community by writing a letter to the editor. Send letters by e-mail to letters@heraldnet.com, by fax to 425-339-3458 or mail to The Herald - Letters, P.O. Box 930, Everett, WA 98206. Include your name, address and daytime phone number. (We'll only publish your name and hometown.) We reserve the right to edit letters, but if you keep yours to 250 words or less, we won’t ask you to shorten it. If your letter is published, please wait 30 days before submitting another. Have a question about letters? Contact Carol MacPherson at cmacpherson@heraldnet.com or 425-339-3472.