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The best explanation of what’s going on at Boeing
Posted on 3/15/24 at 6:04 pm
Posted on 3/15/24 at 6:04 pm
LINK
quote:
FischerKing
@FischerKing64
I can explain Boeing quickly. It attained a market dominant position in the USA following the merger with McDonnell Douglas. This made it lazy. It then got new management, which emphasized financial chicanery over top flight engineering, symbolized in its move of its corporate HQ from Seattle to Chicago. The financial geniuses then worked to break the union, shift production away from its trained Seattle work force to places like South Carolina, and outsource production of most plane components abroad - the American work force was left to assemble all these disparate parts rather than produce them here. Software was also outsourced. The end result was lower quality of aircraft, delays in development and production, and even fatalities from crashes. But rest assured the management in Chicago did very well.
Meanwhile, by focusing on MBAs and JDs rather than engineers, top management fell victim to all the pathologies coming out of top schools. This is where the DEI nonsense comes from, which would have been much harder to impose if management were more focused on building good planes than stock buybacks. So the outsourcing, cost cutting, diminishing the original work force - all this is now working in tandem with the sort of diversity/DEI dysfunction visible all over corporate America. It’s a feedback loop that could be fatal to Boeing, and has already been fatal to someone airline passengers.
This is basically it. It’s not an elaborate conspiracy. It’s a tale of greed and dysfunction that you can see all over America.
Posted on 3/15/24 at 6:14 pm to RedRifle
quote:
The financial geniuses then worked to break the union, shift production away from its trained Seattle work force to places like South Carolina
I don’t agree with this part.
Posted on 3/15/24 at 6:17 pm to RedRifle
Elon needs to buy Boeing.
Or just start his own airplane engineering and manufacturing company
Or just start his own airplane engineering and manufacturing company
Posted on 3/15/24 at 6:19 pm to RedRifle
Some of this is crappy maintenance by the airlines.
Posted on 3/15/24 at 6:22 pm to RedRifle
Half of that reads like a guy from Seattle who doesn’t like Boeing moving to other places.
“Trained Seattle workforce” lol. Like only the hippies in Seattle can build planes and they never hired anyone from anywhere else.
“Trained Seattle workforce” lol. Like only the hippies in Seattle can build planes and they never hired anyone from anywhere else.
Posted on 3/15/24 at 6:24 pm to RedRifle
The next major US air disaster will be directly tied to DEI.
Posted on 3/15/24 at 6:45 pm to RedRifle
quote:
The financial geniuses then worked to break the union, shift production away from its trained Seattle work force to places like South Carolina, and outsource production of most plane components abroad - the American work force was left to assemble all these disparate parts rather than produce them here
Someone need to tell that guy his research sucks. As bad as Boeing is the 787 is made in CHS...it was delayed terribly due to engineering/design flaws in Seattle. The 787 hasnt had the real issues in flight. That is the 737 made in Renton Washington....UNION 100%, CHS has voted not to unionize.
Posted on 3/15/24 at 7:11 pm to RedRifle
quote:
JDs
Notoriously conservative and risk averse people somehow contributed to making Boeing…more dangerous?
Posted on 3/15/24 at 7:31 pm to RedRifle
As an MBA and JD I resent that remark but agree with it too. We were taught differently when I was in school. Gordon Gecko was seen as a villain not a hero. So was KKR
Boeing was a great company, MD was always profits over people. It’s unreal that the MD management took over. It’s like ford merging with fiat and the fiat management takes over.
There is a great documentary on Netflix on all this
Boeing was a great company, MD was always profits over people. It’s unreal that the MD management took over. It’s like ford merging with fiat and the fiat management takes over.
There is a great documentary on Netflix on all this
Posted on 3/15/24 at 7:36 pm to RedRifle
DEI and engineering related industries do not mix and endanger lives. DEI and any industry do not mix.
Posted on 3/15/24 at 8:40 pm to RedRifle
quote:
It then got new management, which emphasized financial chicanery over top flight engineering, symbolized in its move of its corporate HQ from Seattle to Chicago.
And now it’s moving headquarters to Arlington, VA to be closer to govt.
Posted on 3/15/24 at 8:49 pm to RedRifle
It's a product of "money only" Americans. The same ones dumping millions of illegals into the country for cheaper labor. They don't care about culture, values, or broader society. What's in my bottom line?
It's not enough to be a millionaire, they have to be multi-millionaires and then billionaires.
There's got to be a better way to get rich in America that doesn't include exploiting it along the way and ruining it.
It's not enough to be a millionaire, they have to be multi-millionaires and then billionaires.
There's got to be a better way to get rich in America that doesn't include exploiting it along the way and ruining it.
Posted on 3/15/24 at 9:09 pm to RedRifle
quote:every company, govt entity, firm seems like they just want all the cash they can get from every customer, client, fee payer. They want it now and don’t care about quality service accountability! GIVE ALL NOW!!! F all!!!
This is basically it. It’s not an elaborate conspiracy. It’s a tale of greed and dysfunction that you can see all over America.
Posted on 3/15/24 at 9:09 pm to RedRifle
Double post.
This post was edited on 3/15/24 at 9:12 pm
Posted on 3/15/24 at 9:39 pm to RedRifle
John Oliver (love or hate him) shows some interesting information about Boeing's stock and how they might have been more concerned about manipulating their stock prices than the safety of their products.
Youtube.com
Youtube.com
Posted on 3/15/24 at 9:40 pm to RedRifle
Guy has a point.
B School professors push two things these days
1) Financial metrics over everything
2) DEI is necessary for business
Combine these two and it’s a recipe for disaster
See it’s not the bean counters or DEI
It’s the intersection of both
B School professors push two things these days
1) Financial metrics over everything
2) DEI is necessary for business
Combine these two and it’s a recipe for disaster
See it’s not the bean counters or DEI
It’s the intersection of both
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