This ‘late stage capitalism’ has become a cancer on American corporations always trying to boost short term stock price and profits at the expense of long term growth. Boeing has been doing it for 20 years, but is particularly odious because they now factor in death as an expense of doing business. Lives mean nothing to these people. Only profits do.
Boeing may have $78 billion in contracts but their market share is way down. They have a terrible reputation and need to make some big high profile changes or things will slowly keep moving Airbus’s way.
The fire the top guys so we'll all say "Good!" and turn our attention elsewhere. Calhoun was President and CEO for four years. He's not even close to the whole problem.
A lot of these problems were exacerbated by the GE culture invented by Jack Welch. That started with the McD merger which brought Harry Stonecipher into Boeing. He had been fired by Jack in 1984, but had turned into a true believer in the gospel of "straight from the butt". After that, it got Jim McNerney, "let go" from GE after he missed the cut when Welch retired. Jim was a Harvard MBA, class of 1975, along with George "Shrub" Bush, MItt Romney and Leon Black. Such fine people. And now Dave Calhoun is leaving, also ex-GE, but just learning the Jack Welch way when Jack retired. Along the way, there was Dennis Muilenburg, an Iowa farm boy who learned from his elders all about money. As usual, money was the root of much evil.
It is all in the spin.... wait not that spin. Nose down and kick the rudder hard left fast. Oh, that is for single engine prop planes. OK sorry folks. We have to review procedures and wait for the manual to load.
"Boeing paying more than $2.5 billion in fines for conspiring to deceive the FAA" -- I will remind people that this was during the False Administration of the Orange One, when the head of the DOT, which oversees the FAA, was none other than Mitch McConnell's wife. She had handed "oversight" back to the FAA. Ah, Republicans. They never disappoint you.
Calhoun isn’t even leaving until the end of the year. This puts him at 5 years which I will bet about 40 million dollars is exactly how long you need to be vested for your stock options. Never flying in a Boeing ever.
Sounds like the old trade-off between QC and production speed.
This from NPR's Morning Edition (Joel Rose, byline): "But we know that there has been mounting pressure from the airlines that are Boeing's biggest customers. Boeing's production schedule has slowed way down as they've been focused on quality and safety. They're not delivering as many planes. They have a very years long backlog of planes already that airlines are waiting for and maybe waiting for even longer now. And so airline CEOs are beginning to, you know, air their concerns about Boeing in public."
John Oliver’s video is literally the most incisive and rage inducing summary of Boeing’s uncontrolled descent to mediocrity I’ve seen. And it appears post-merger that the McDonnell-Douglas Biz School sociopaths were the main reason for the shift to Stock Price Uber Alles and f**k safety.
‘Wow, I guess the movement of the airplane is more important than the first time quality of the product.’
WTF does that even mean? Did he learn that language from the Corporate Strategy Fairy on his last trip to an Aspen Corporate Leaders Conference? JFC
This ‘late stage capitalism’ has become a cancer on American corporations always trying to boost short term stock price and profits at the expense of long term growth. Boeing has been doing it for 20 years, but is particularly odious because they now factor in death as an expense of doing business. Lives mean nothing to these people. Only profits do.
Boeing may have $78 billion in contracts but their market share is way down. They have a terrible reputation and need to make some big high profile changes or things will slowly keep moving Airbus’s way.
What's that? After all the FoxNews whinging about DEI hires, it turns out a white asshole is to blame?
Quelle enormous fucking surprise.
Rearranging the deck chairs on the Titanic as the bow submerges.
In my old drag racing days "blowing the doors off" someone had a completely different meaning........
Surprisingly, "Boeing" is not the sound the plane makes during an unscheduled landing
OK sorry
The fire the top guys so we'll all say "Good!" and turn our attention elsewhere. Calhoun was President and CEO for four years. He's not even close to the whole problem.
A lot of these problems were exacerbated by the GE culture invented by Jack Welch. That started with the McD merger which brought Harry Stonecipher into Boeing. He had been fired by Jack in 1984, but had turned into a true believer in the gospel of "straight from the butt". After that, it got Jim McNerney, "let go" from GE after he missed the cut when Welch retired. Jim was a Harvard MBA, class of 1975, along with George "Shrub" Bush, MItt Romney and Leon Black. Such fine people. And now Dave Calhoun is leaving, also ex-GE, but just learning the Jack Welch way when Jack retired. Along the way, there was Dennis Muilenburg, an Iowa farm boy who learned from his elders all about money. As usual, money was the root of much evil.
Stan Deal?? Really? That is on the nosecone. (The best Deals are Kim and Kelly.)
It is all in the spin.... wait not that spin. Nose down and kick the rudder hard left fast. Oh, that is for single engine prop planes. OK sorry folks. We have to review procedures and wait for the manual to load.
"Boeing paying more than $2.5 billion in fines for conspiring to deceive the FAA" -- I will remind people that this was during the False Administration of the Orange One, when the head of the DOT, which oversees the FAA, was none other than Mitch McConnell's wife. She had handed "oversight" back to the FAA. Ah, Republicans. They never disappoint you.
Calhoun isn’t even leaving until the end of the year. This puts him at 5 years which I will bet about 40 million dollars is exactly how long you need to be vested for your stock options. Never flying in a Boeing ever.
Sounds like the old trade-off between QC and production speed.
This from NPR's Morning Edition (Joel Rose, byline): "But we know that there has been mounting pressure from the airlines that are Boeing's biggest customers. Boeing's production schedule has slowed way down as they've been focused on quality and safety. They're not delivering as many planes. They have a very years long backlog of planes already that airlines are waiting for and maybe waiting for even longer now. And so airline CEOs are beginning to, you know, air their concerns about Boeing in public."
Marcie Jones, I think you win headline of the week, and it's only Monday. I'm glad you're here!
John Oliver’s video is literally the most incisive and rage inducing summary of Boeing’s uncontrolled descent to mediocrity I’ve seen. And it appears post-merger that the McDonnell-Douglas Biz School sociopaths were the main reason for the shift to Stock Price Uber Alles and f**k safety.
https://youtu.be/Q8oCilY4szc?si=1jNNyuWtZFNJKsEP