Posted on 07/10/2007 5:49:56 AM PDT by Kitten Festival
Sometime, maybe not now, we will ALL have the opportunity to give up a gov’t subsidy. Will we?
Heads roll at EADS, Airbus as Forgeard, Humbert resign
Monday July 3, 2006
Embattled EADS Co-CEO Noel Forgeard and Airbus CEO Gustav Humbert resigned Sunday under pressure from EADS shareholders Lagardere Group, DaimlerChrysler and the French government (ATWOnline, June 29).
Forgeard will be succeeded by Louis Gallois, head of French government-owned railway SNCF, while Humbert will be succeeded by Christian Streiff, deputy CEO of French building materials group Saint-Gobain. Thomas Enders will remain as co-CEO of EADS and has been nominated as chairman of the Airbus Shareholder Committee.
The resignations came in the wake of announcements of major delays in the A380 program. In a statement, Humbert said, "As president and CEO or Airbus, I must take responsibility for this setback and feel the right course of action is to offer my resignation to our shareholders." Forgeard has been under fire both for the A380's problems and for selling a large block of EADS stock shortly before the announcement of the latest delay.
The 787 was an entirely new concept in how to manufacture a large airliner. Nobody has ever built such large composite structures before, and there was a chance that Boeing would fail in the attempt.
All of the international partners put up their own capital to build the manufacturing facilities, and would have eaten those investments if the 787 ultimately failed.
Boeing did an excellent job in spreading the very real risks among several suppliers instead of bearing all of the risks alone.
The next big project, either a composite 737 or 777, you will see more of the manufacturing done in-house by Boeing, now that the technologies are matured and proven by the 787.
Those top guys are the “musical chair” guys. They make ten times more than they are worth in a year, but only last a year.
I was talking more down at the nuts and bolts level, where actual problems are dealt with or ignored, as the people who were undisturbed by this screw-up.
“it should give up its government subsidies.”
And pigs are going to fly out of Mrs. Clintons butt.
Maybe deamons, but not pigs.
“Exporting jobs to Italy and Japan is an economic benefit to Boeing, in that it props up the demand for air travel among the middle class. It’s not like we sent all the jobs to China.”
[Guffaw]
Exporting jobs to (creating jobs in) Italy does not make the new job holder say, “You know, now that I have a job, I think I’ll fly more.”
It’s smart in the sense that by agreeing to export jobs to Italy, Italian airlines are more receptive to buying Boeing.
The risk was quite low because the technology was bought from japan - were it was developed by states subsidies.
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