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Boeing Reportedly Sells Yacht as Part of Cost-Cutting Campaign
Boeing (NYSE:BA) has reportedly sold a corporate yacht it once used to entertain corporate customers, a fresh sign of the belt tightening going on at the struggling aerospace giant. The Daedalus, a 130-foot yacht usually moored on Seattle's Lake Union, was sold for $13 million to a California developer, according to a report in the Puget Sound Business Journal. In years past, the Daedalus often spent its summers in and around Vancouver Island, used by Boeing sales teams to host airline… (www.fool.com) Más...How many millions did Muillenberg receive? Boeing, Boeing, gone.
Entertaining and building relationships is important to long term business transactions. Entertaining allows people to spend time together to build trust. This then builds relationships. Boeing using a yacht to entertain people is a smart business tool. No one who is buying multiple airliners is gonna buy because they went for a ride on a yacht. They will buy based on trust and the relationship based on trust. Which simply means. Saying what your gonna do and doing it.
Agreed, people are overreacting about this company having a yacht and no one would've cared ten years ago, they're only hyper-excited about it now because of the unrelated goings on with Boeing.
What is Boeing going to take the FAA fishing on?
Wonder if it would have been sold if all the big guys that moved to Killer City still lived in Seattle.
"I suppose they gave up trying to persuade the FAA that it was airworthy ..."