<p>Boeing (NYSE: BA) news for Friday includes the company’s board losing one member.
Nikki Haley, a former US ambassador to the UN, is stepping down from her position on the board. The reason behind the Boeing news is a rescue service for the airline from the US government. Haley does not agree that the company accepts support.
The rescue for Boeing comes as the coronavirus from China continues to penetrate the United States. This has many companies suffering as a result and the government wants to help. This is where the help to Boeing would come from.
Here’s what Nikki Haley said in her resignation letter, collected from CNBC.
“Even though I know that cash is tight, it applies to many other industries and to millions of small businesses. I can not support an attempt to lean on the federal government for an incentive or rescue that prioritizes our business over others and relies on taxpayers to secure our financial position. I have long had strong convictions that this is not the role of the government. ”
It is worth noting that this move by Haley may help advance her political career. Speculation that she may choose to run for president in 2024 has been circulating. If so, decisions like this could help distance her from current President Donald Trump, even though he served as an ambassador during his administration.
At the time of writing, William White had no position in any of the above securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/03/boeing-news-nikki-haley-resigns-from-board/.
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