Nikki Haley steps down from Boeing board amid bailout talks

After stepping down as United Nations ambassador in October of 2018, Nikki Haley took a seat on Boeing’s board of directors.

However, Haley — a noted Trump ally — resigned from her job on Friday, citing disagreement with the corporation’s decision to seek a federal bailout. 

Government bailout bid

“Ambassador Haley informed the Company that, as a matter of philosophical principle, she does not believe that the Company should seek support from the Federal Government, and therefore decided to resign from the Board,” Boeing revealed in a statement reported by on NPR.

NPR quoted from a resignation letter in which Haley offered a fuller explanation regarding her decision to step down.

“As we encounter the COVID-19 crisis, Boeing, along with many other companies, face another major set of challenges,” she noted.

Haley stated that she wished “to be part of helping the company as it pushes through it. However, the board and executive team are going in a direction I cannot support.”

“While I know cash is tight, that is equally true for numerous other industries and for millions of small businesses,” she stated.

Standing on principle

The former South Carolina governor went on to make clear that she “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.”

Haley emphasized that this was not a new position for her, stressing, “I have long held strong convictions that this is not the role of government.”

The global economy has taken a massive hit thanks to the coronavirus, and President Trump has proposed a $1 trillion financial assistance package in response.

Half would be allocated to individual Americans while the $500 billion would be allocated to affected businesses in the form of secured loans. Ten percent of the aid would go to the airline industry, which has been particularly hard hit in recent weeks.

During her time with the Trump administration, Haley was considered to be a loyalist, accusing both Secretary of State Rex Tillerson and Chief of Staff John Kelly of attempting to recruit her in undermining the president.

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