Let's have a close look at Boeing and DEI!
Boeing's corporate filings with the SEC reveal that in beginning 2022, the annual bonus plan to reward CEO and executives for increasing profit for shareholders and prioritizing safety was changed to reward them if they hit DEI targets.
Up to 40% of the executives' potential pay is in that "annual incentive pay program" which is tied to hitting DEI targets. For those just catching on, DEI doesn't have anything to do with aircraft manufacturing or safety.
Boeing didn't just mandate DEI at Boeing. Italso prioritized ESG and DEI in their supply chain, as with ESG agendas, which suggests they did not look for the best suppliers on quality and safety on objective metrics, but focused on meeting their ESG goals instead.
The "annual incentive bonus" tied to DEI targets is more than the base salary for the CEO and CFO. It is equal to the salary for the Chief Legal Officer. These are perverse incentives for ideological projects that, at best, water down Boeing's mission: building safe aircraft.
It gets worse. The 2023 Boeing DEI/GEDI report is proud of how they tied executive compensation to DEI, not meritocracy and excellence regardless of race/identity. In fact they gave "Business Resource Groups" stock awards for their "contributions to inclusion." Corruption.
What is a "Business Resource Group," you may ask? It is a self-selecting race- and identity-based segregated group of employees promoted by management. They meet with a "Equity and Inclusion Steering team" to "discuss progress related to the company's 'equity' commitments."
In Boeing's 2023 DEI/GEDI report they are proud that more than 50% of their interns are from "underrepresented backgrounds." Were hiring based on merit or based on skin color and identity? DEI was never about proportionate representation; it's about destroying objective merit.
Why does this matter? Whistleblowers from Boeing have pointed out safety concerns with Boeing's production quality issues since 2018, but instead of prioritizing safety and fixing these issues, the company created bonuses that incentivize management to focus on hitting DEI goals.
In fact, if you look at their corporate filings (SEC Form 14A), the word "diversity" appears 54 times, and, ofc, the word "merit" appears 0 times. The focus away from meritocracy to DEI will likely kill thousands one day due to erosion of merit, safety, and excellence.
Meanwhile, corporate ESG and DEI plans incentivize CEOs and executives to violate the 1964 Civil Rights Act and Equal Protection Clause of 14A for a bigger bonus, as was reported in 2020.
Ofc, btw, Boeing is not the only company that has "DEI target bonuses." Companies like Starbucks has them too. Starbucks makes coffee, though. Boeing makes jetliners. People's lives are at stake, and we still have time to avoid the otherwise inevitable diversity plane crashes.
In fact, it would be interesting for journalists to look into the annual reports and SEC 14A filings of every Fortune 500 company to find out if their executives are rewarded for racially discriminating against their employees. It's likely endemic. Exposure and hearings needed.
The link to the 2023 Boeing SEC 14A filing is here:
The link to the 2023 Boeing DEI/GEDI report is here: sec.gov/Archives/edgar…
boeing.com/resources/boei…
Link to the 2022 Boeing's SEC 14A filing (source of first pic in thread) here: sec.gov/Archives/edgar…
By the way, your US politicians will be flying on private charter jets while you are flying on Boeing airliners so they don't care what happens to you. We should demand that they be forced to fly in the same planes everyone else does.
Further, when Boeing exes talk about safety in corporate documents, they often don't mean passenger safety but the "psychological safety" of employees, like in their DEI/GEDI report. These kinds of tricks are commonplace with that word. Read carefully.
Possibly connected: We need a serious investigation into this recent Boeing accident. Why was the black box recorder completely erased for a 20 minute flight? Isn't that completely nonstandard?
The takeaway can't be that people should start being afraid of flying; that's what they want. They are pushing DEI in every industry, so other transportation likely isn't faring better. We need to demand consequences for people who push ESG and DEI over safety and excellence.
Rallying around transportation safety ahead of all ideology should be an easy thing. The only people who want diversity plane crashes are evil manipulators who we take advantage of the crisis to restrict us further. We need to get rid of DEI incentives NOW.
More than just getting rid of DEI and the incentives that installed it and keeping it in place, we need hearings and investigations, with serious consequences, for how those incentives got installed in the first place. It's not enough to do anything less.
This thread was happily sent from onboard an Airbus.
Postscript:
Here's the company, Spirit Aerosystems, where Boeing got the fateful door plugs. Notice their commitment to DEI and Sustainability (ESG) in their supply chain matters.
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