Posted by William Charles on January 13, 2020
Recaps

Published on January 13th, 2020 | by William Charles

12

Recap: Southwest No Basic Economy, Boeing Employees Mocked Those Who Designed 737 Max & More

 

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Hari
Hari

Not just banks but any business with a reward point. Ahem, speaking of AA Shutdowns.

Andrew
Andrew

I can see some greedy airline coming up with some sort of user-based dynamic pricing scheme that just tanks the value for those that close accounts or get shutdown.

sdsearch
sdsearch

I can just see this: “Users who no longer have an active miles account have this option: Redeem your miles for a gift card, at 25,000 miles for $1. So 250,000 miles gets you a $10 gift card, and if you have 2.5 million miles that gets you a $100 gift card! You have 90 days after account closure to pick the gift card you want to redeem for.” The airline could then account for those miles as not written off, but actually “used”!

alvinroast
alvinroast

I just did this in real life to cash in the odd bits of Lufthansa miles that were about to expire. I think I got a $10 Best Buy gift card and a $5 Amazon gift card. It was painful.

Ben L.
Ben L.

I can understand the desire to keep reward points after an account is shut down, but that could be the first step towards broad taxation of points. It’s my understanding that one of the main underlying justifications for current nontaxation of points is that the account holder never actually “owns” the points themselves. The points are still owned by the loyalty program. A shift towards account holders keeping their points after cancellation of accounts transforms the currency into something that seems more owned by the individual rather than the program.

Electroman

IIRC it’s that they are “savings”, as opposed to “income”.

Seattle
Seattle

Boeing, a once great American company that lost its way; the tragic story of corporate greed and incompetence.

Most upsetting: $62 million to the ousted CEO (talk about a golden parachute), and a $7 million incentive for the new CEO (he’s a private equity guy, that should tell you everything you need to know) just to get the Max flying again. So, I imagine the new guy’s mindset is something like: “Get ‘em in the air ASAP! Pah, no need to train the pilots… I got a yuge bonus riding on this!!”

Honestly, I really hope they can recover, especially for the sake of the many engineers and support teams that actually make the otherwise incredible aircraft.

Dr Nick
Dr Nick

Show me on the doll where Boing hurt you…

Frank
Frank

Are you talking about the clowns or the monkeys when you say the engineers and support teams?

The only people who should ever be upset about the CEO’s pay are the shareholders and he gave them 150% stock growth in <5 years ($110bn + dividends) so $62m in walk away money seem pretty fair

Jim
Jim

I own index funds, so I’m a shareholder. By your logic, I and millions like me have a right to be upset.
But, I disagree. I think the hard-working, possibly underpaid or undervalued employees who still work for Boeing have a right to be upset….particularly if they are overlooked for deserved promotions and/or raises.

Frank
Frank

So you’re mad that after handing you $110bn of stock price gains + dividends that he was paid $62m?

They should then ask for the raise or quit. The board feels the company is better served with a highly paid CEO so unless someone points out reasons that doesn’t increase the value of the company then it doesn’t really matter.

Jeff Bezos
Jeff Bezos

Google has now kept all of my account balance TWICE. They keep suspending my accounts without any abuse. Then they say they can keep my promotional balance that I earned by completing surveys,

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