Telling It Like It is
Boeing released a dour and downbeat report for the sale of new airplanes over the next decade, and it attributes the shortfall to COVID. The company is telling it like it is to the best of its ability at this juncture of the disease and plummeting passenger travel. Would that the White House were so honest with the American people. Boeing has a regulatory obligation to warn the public of risks and changes in its growth outlook. The Presidency has no such duty, other than moral, and ethics aren’t his strong suit. Boeing’s employees are forewarned about the next ten years. Investors are prepared to treat Boeing’s stock appropriately. The public at large understands what will happen in the airline business. It is better to know than not: One can adjust. Public relations depends on telling the truth, even when facts are horrible. One wishes politicians would learn that lesson.
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