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John,
Boeing just revealed plans to slash 10% of its workforce—17,000 jobs—while funneling billions into stock buybacks and executive pay.[1]
This is corporate greed at its worst: instead of securing jobs and investing in safety, Boeing has prioritized $68 billion in stock buybacks over the past decade to line the pockets of the ultra-wealthy.
But the corporate giveaways don’t end there. Boeing has received $148 billion in government contracts, courtesy of the American taxpayer, while avoiding taxes and enriching its executives. This money, your money, should be used to create jobs, not cut them.[2]
Boeing’s greedy executives cannot continue to gut their company while enriching themselves at the expense of hardworking employees. Boeing is sacrificing its workforce for a quick profit. But we have the power to stop it.
Send a message to Boeing CEO Kelly Ortberg now, demanding Boeing end the layoffs and invest in its workers, not wealthy shareholders.
The numbers are staggering. In just the five years between 2018 and 2022, Boeing funneled over $21 billion directly to shareholders.
Meanwhile, Boeing's top executives and board of directors raked in nearly $300 million over the same period. The CEO alone pocketed $100 million—a staggering 148 times more than the median Boeing worker earned.
To protect their wealth, Boeing spent more than $68 million lobbying Congress between 2018 and 2022. Their lobbying then paid off as they benefited from a $17 billion federal loan program that was quietly inserted into a COVID relief package.
They clearly have no problem taking from taxpayers, but then do everything in their power to not give back. It's a clear reminder of how corporations use their wealth to dictate policy at the expense of working Americans. We cannot let this stand. It's time to demand better from corporate America.
Tell Boeing CEO Kelly Ortberg that workers deserve better. It’s time for Boeing to stop the layoffs, invest in its workers, and prioritize safety over greed.
Thank you for standing up for working families,
David Kass
Executive Director
Americans for Tax Fairness Action Fund
[1] After Gorging on Stock Buybacks for Years, Boeing Announces Mass Layoffs
[2] Corporate Closeups: A Dirty Dozen of Big Firms That Underpay Their Taxes, Overpay Their Executives & Shareholders, and Otherwise Harm The Public Good
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