Above: Boeing CEO Jim McNerney
Boeing CEO Jim McNerney is retiring next year. His pension: $3.9 million per year for the next 15 years.
Jim McNerney is the same person who used the threat of capital mobility to force the International Association of Machinists-represented workers in Washington to sign a new contract that gives up their pensions and grants only a 1 percent raise every other year. He said he would move to South Carolina if they didn’t, where workers in Boeing plants only make half of what they do in Washington.
Boeing is a shockingly profitable company that could easily afford to pay pensions to workers.
Jim McNerney is also the same person who was the former Chair of The Business Roundtable, a corporate lobbying group looking to raise the retirement age to 70.
In conclusion, Jim McNerney is a terrible human being. And very emblematic of the New Gilded Age