Nikki Haley resigns from Boeing's board in response to bailout request
What's happening: Boeing asked for a $60 billion bailout from the federal government on Tuesday.
What they're saying: "While I know cash is tight, that is equally true for numerous other industries and for millions of small businesses. I cannot support a move to lean on the federal government for a stimulus or bailout that prioritizes our company over others and relies on taxpayers to guarantee our financial position. I have long held strong convictions that this is not the role of government," Haley said.
- "We appreciate her service on the board and wish her well," Boeing responded in a statement on Thursday.
Flashback: Boeing's production shutdown in the aftermath of two fatal crashes caused the New York Fed to estimate that the flagship company would shave 20% off of 2020's GDP growth — before the COVID-19 outbreak, Axios' Dion Rabouin reported earlier this month.