Boeing CEO buys $4.1M home amid factory worker strike | FOX 13 Seattle

The new head of Boeing, Kelly Ortberg, closed on a $4.1 million house in Seattle, Wash., on Sept. 10 — possibly in a move to address the company's hometown drama.

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[davefox]

The fact is that most Boeing workers couldn’t afford to buy any home within 40 miles of Seattle right now.

[JulianaBondtsG]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[Crismodin]

If the CEO can get a 45% pay increase, I think they can afford to pay their workers more.

[TigerLA]

Be mad at the right thing. The last CEO is getting almost $100, 000, 000 to leave. At least this guy is moving to Seattle to be near the operations so I give him credit for that. Plus 4 million is not all that crazy for that area.

[tommygamba]

It's funny how the top make bad choices and they want their bottom workers to pay for the CEO losses.

[NickFinco]

$4M around Seattle, that's about $750k elsewhere in the country.

[TigerFamilyLife]

4mil is nothing to a ceo for size of company like boeing.

[CKLee-rskl]

Real estate is very expensive in Seattle; a regular house in Seattle goes for more and $1M.

[ax]

Oh, absolutely, the CEO is essential to building a plane—after all, someone has to decide the color of the office walls while the machinists handle the trivial task of actually assembling the aircraft. Without the CEO’s strategic brilliance, who would ensure the company’s stock price soars while the real work gets done on the shop floor? But don't worry, the CEO will be right there to take credit when the plane takes off, all while having never touched a single tool. ✌️

[Treebeerdz]

To much of the country they will think 4.1 million is a giant mansion. The cost of living here is insane, and this is why 40% raise to workers is not asking much at all, it brings them to living wages for seattle area.

[malikpata]

I’m a machinist. His home was very modest for his position. He’s the dang CEO and could’ve gotten something way nicer. I’m hopeful that he will be on our side, but maybe I’m dreaming.

[ebeyslough]

$4.1M for a CEO of a major public company is very modest.

[MrEvtmazda]

I am a Machinist on Strike, last year i tried to purchase my first home. I was turned down for a $500k loan to purchase the home. The bank told me i dont make enough to afford the mortgage and mortgage insurance... This Strike is so we might be able to get back into the middle class.

[SpeedDemonExpress]

I'm sure he was a millionaire before he took the job.

[laulusb]

Wow! So the CEO buys a 4mil dollar home but cannot afford to pay his employees a fair wage. Pure Greed!

[mrAhollandjr]

Why is this an issue? He just became Boeing's CEO. It wasn't Boeing's money he used to buy that house. He probably sold another house to help pay for this one. The timing is just coincidental. Remember he retired from another company. This is a big adi about nothing. The machinists were going to strike whether the new CEO paid $4.1 million, $410k, or even if he didn't buy a house at all.

[SNAKEEATER]

Yes, he’s such a monster for needing a place to live close to work and his level of responsibility for his position pays well.

[claycassin]

New dude in charge needed a place to live in his new town. He's rich, so he bought an expensive home, though that sounds almost modest for a fancy Crystal City Virginia area neighborhood. I'm sure someone was paid to find him one as soon as he was hired, and it just now closed. Big deal. Excellent work by the realtor.

[liannebedard]

The ideal guy to understand the workers’ needs…

[HowShouldIKnow]

Well, he is moving to Seattle after all
Besides, $4.1 gets you a 3 bed/2 bath rambler near the freeway if you’re lucky