Sounds like they've entered the, "find out," stage.
this post was submitted on 12 Jun 2024
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The company itself maybe, the people responsible for the downfall not so much.
The C-levels probably got huge bonuses for saving tons of money, while having a super high paycheck anyways and when the boat finally goes down they will just hop into a C-level position at a different company where their main focus will be again to save tons of money.
C-level positions truly are the most insane thing in this capitalist hellhole that we live in. They come and go (usually in a 2-5 year cycle) and their next job is secured no matter their performance.
Good fuck this company. I'm sure all the military contracts will keep their pockets lined unfortunately.
more to the point: fuck the McDonnell Douglas Corporation. Oh, fuck them both, sure, but Boeing died a long time ago. It's just McDD wearing Boeing like a horrific skin suit.
2019: https://www.theatlantic.com/ideas/archive/2019/11/how-boeing-lost-its-bearings/602188/
2020: https://qz.com/1776080/how-the-mcdonnell-douglas-boeing-merger-led-to-the-737-max-crisis
2024: https://finshots.in/archive/did-a-1997-merger-ruin-boeing/
2024: https://www.newsweek.com/merger-that-brought-boeing-low-opinion-1867937
Mmm McDD
Oh, what a terrible day to have eyes
Too bad they're a defense contractor and "too big to fail".
Every one of those lost orders will come out of the pockets of US taxpayers when Boeing is bailed out.
When the Boeing plane crashes and explodes >:(
When the Boeing rocket crashes and explodes >:D
When you run an engineering company as a business, you wind up with no business at all
"Made in USA" is well on it's way from being a symbol of quality to implying a lack of. Don't get me wrong, I'm a big proponent of domestic manufacturing. But there are an outsized number of executives who don't seem to get that when you make shitty products, you will alienate all your customers who will then no longer buy your shitty products. That kind of reputational damage is incredibly hard to recover from. Especially when you make airplanes that have a tendency to fall out of the sky which is sort of a deal breaker for people who want to buy an airplane. Hope it was worth jacking up their stock price for five minutes.
well on it’s way from being a symbol of quality
US Cars have been an international joke since the 70s. And Boeing's success is largely in contrast to McDonald Douglas, which crapped out back in the 90s and was forced into a merger to get bailed out. This isn't an issue of "American Quality" so much as it is an issue of "Traditional manufacturing methodology" being whittled away over time by profit-obsessed shareholders and C-levels.
Boeing was a little late to the party, but that's got nothing to do with American symbology. Everyone from Intel to Burger King have been on this trajectory for decades.
Hope it was worth jacking up their stock price for five minutes.
It was for the CEOs who already cashed out and abandoned the company, yes.
There’s nothing inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits. That sort of behaviour reeks of an inexperienced and perverse management culture. You can find countless examples of businesses where the brand’s reputation for quality, reliability, and safety are considered sacred and any employee who publicly damages that reputation is ostracized. Japanese companies pretty commonly have these cultures, for example.
Generally a business runs for profit. They teach people in business school to maximize profits. So there kind of is something inherent to running a business that implies cannibalizing one's own brand reputation for short term profits. There is always that incentive to give the least amount for as much as you can take.
Japanese have immortalized a concept called "Black Company" and "Death March" where they push their employees into so much overtime that they literally die or risk losing their livelihood. Which is probably not great for long term or their reputation.
So there kind of is something inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits.
It’s called “Wall Street”.
That's true that shareholders and stock evaluation are main drivers for this phenomenon, but Private Companies aren't necessarily more saintly than companies with Public Offerings.