Boeing CEO forecloses on $4.1 million Seattle home amid factory workers' strike: 'They might as well pay us'
Third Bridge Global Head of Analysts Peter McNally discusses how the Boeing factory workers' strike is affecting business on 'The Big Money Show'.
Boeing's new CEO has made a costly move in Seattle amid a strike by workers at the aerospace company's factories.
Robert “Kelly” Ortberg was recently named Boeing's CEO on August 8. The 64-year-old serves as the company's president as well as a member of its board of directors.
Ortberg closed on a $4.1 million mansion in a gated community in Seattle on Tuesday, according to Zillow.
Boeing's New CEO Kelly Ortberg: What to Know
Ortberg's move comes as 96% of union members rejected a new contractor's offer after thousands of Boeing factory workers went on strike this week.
According to a deed obtained by FOX 13 Seattle, the 1928 Tudor Revival home sold for $4,212,580 after taxes. The home is 4,180 square feet and sits on a 9,217 square foot lot.
Workers walk out of a Boeing Co. manufacturing facility ahead of a vote on a union contract in Renton, Wash., on Thursday. (Getty Images/Getty Images via M. Scott Brauer/Bloomberg)
“We know they got the money. If they can pay the CEO, they can pay us,” Boeing worker Ethel Dominick told Fox 13.
“You know, we're not asking for much. And we're happy that she can afford a nice new mansion, some of us can't. Some of us are paycheck to paycheck,” Dominic added.
Boeing workers vote to strike after contract negotiations rejected by members
One of the main demands of the International Association of Machinists and Aerospace Workers Union (IAM) is a 40% pay rise.
According to Boeing, more than 33,000 workers in Washington state, Oregon and parts of California are currently represented by IAM 751.
A worker holds a sign outside the Aerospace Machinists Union District 751 hall before a vote on a union contract Thursday in Renton, Wash. (Getty Images/Getty Images via M. Scott Brauer/Bloomberg)
Workers were seen picketing outside Boeing factories in Washington state on Friday, after Ortberg claimed “no one wins” in the walkout.
“For Boeing, it's no secret that our business is going through a tough time, partly because of our own mistakes in the past,” Ortberg said. “Working together, I know we can get back on track, but a strike would jeopardize our shared recovery, further erode trust with our customers and damage our ability to define our future together.”
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Boeing did not immediately respond to Fox Business' request for comment.
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