Richard Aboulafia

speaker
165 appearances 1 recordings 1 series first heard Oct 2024 last heard Oct 2024

Richard Aboulafia’s voice in public audio — every appearance, attributed to the second.

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I mean, w no one could have seen this coming, but um actions have consequences.
And, you know, taking all the margins out of your suppliers and giving them hundred and twenty day payment terms and whatever else, and even demanding that you own the stuff that's on their factory for, you know, just any metal that might might have fallen to the I'm not making this up.
is you know buying property, not theirs.
I mean basically squeezing squeezing them in all directions.
Wait,
it.
Yeah, you know, it's like wait a minute, you know, if there's any scrap metal that falls from the manufacturing process, that's ours, not yours.
We get to belt that's a real term.
That's
Yeah.
That's true.
Yeah, that's a microphone, right?
Wow.
Yeah, it is.
And there was a rather Orwellian sounding program called Partnership for Success, aka Partnering for Poverty.
Basically and they did this in two two different tranches, basically going in and saying, We're gonna cut your margins and by the way, we're gonna go have a go at your aftermarket business too, if you're an aftermarket player.
Basically, they went after their supply chain and for a while.
You know, suppliers basically were depending upon if they had Pentagon exposure.
You know, to make things a little bit healthier during the pandemic, the Pentagon had an accelerated payment program for suppliers, which really helped a lot.
And for a while it was sort of, you know, everyone who loved Boeing regarded the Boeing part of their work portfolios as not so good at all because it was the least profitable.
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