BUSINESS

Paramount Co-CEOs To Receive Bonus Payouts Even If They No Longer Lead Company

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An SEC filing revealed that the three co-CEOs -- Chris McCarthy, George Cheeks, and Brian Robbins -- will be able to resign and receive severance payments if their new responsibilities are "substantially inconsistent" with their roles as co-CEO's or if there is a material reduction in the positions or duties.
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Boeing has recently announced a series of belt-tightening measures and production delays

Boeing Seeks To Raise Up To $25B Amid Strike

US aircraft manufacturer Boeing on Tuesday unveiled measures meant to replenish its cash flow, including its intention to raise up to $25 billion, as it navigates recurrent production problems and a major US strike.
Despite contract negotiations that began in May and intensified in mid-September, the disagreement between Boeing and the IAM machinists' union persists, with relations appearing to be at an all-time low

US Labor Secretary Intervenes In Boeing Strike

Boeing announced it will reduce 17,000 jobs and to issue 60-day layoff notices next month to thousands of employees in its commercial aviation division. The company plans to implement the layoffs in mid-January.

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