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.
It’s not needed. Need to think about the sentence.
How could millennials really be affecting aircraft sales? Obviously they couldn’t, therefore the comment makes no sense if considered literally. However often millennials are blamed for everything else, so perhaps it’s an amusing comment related to that phenomenon.
But if you think about it, millennials could be pushing a dialogue in popular media that Boeing is part of the big industrial war machine, and deserves to die. I’ve heard lesser fabricated arguments on the Internet.
You say that in jest but I am a former flight instructor that isn’t particularly interested in going flying ever again, not since I dropped out of mechanic school anyway.
I wouldn’t be so sure. Government bailouts tend to happen because they’re almost forces to. Where the economy can suffer greater loss without the bailout. Generally, in a scenario where a company or corporation has nestled itself into something the economy is dependent on. Of course what happens after that bailout is the bad part where it often seems nothing is done to alleviate the economy’s dependency, nor is the actions of the body receiving the bailout regulated, monitored, or needing to pay it back.
I don’t know how much dire a state the US economy would be in with Boeing missing or significantly damaged, but can’t imagine it’s perceived to be as bad as the crooked banks.
Edit: Oh, wait. The military is dependent on them. Yeah, there’d be a bailout lol
Boeing has MASSIVE government contracts, and does a ton for both the military and NASA. They’re absolutely bailout material, as much as it hurts me to say.
Ever since doing a deep-dive in what Colonel Karl E Nell said at Salt 2024 and the people he mentioned to be credible, sirens start to go off in my head whenever i read anything that involves a US aerospace company.
If you want to take it all on face value, which i do not recommend. Companies like these exist between military and private industry with a levels of secrecy so complex the white house no longer has acces or authority. And actually its about UAP and non human intelligence.
The question is not whether its real its “Why does a high rank make such statements on stage on such an event?”
Sorry, this really is just what happened whenever i see anyone mentioned these companies now.
Well looking at their income per sector commercial is the largest. And they probably split r&d across these sectors. So losing civil aviation probably would mean they can be less competitive as defense contractors.
BA is one of 30 companies in the Dow Jones Industrial Average used to measure the performance of the domestic market. It practically represents an entire sector but itself. The Fed will absolutely help BA
Boeing should be nationalized. If a company is “to big to fail” they inevitably do because of bad leadership and greed. They need to be nationalized as part of the bail out package. But because our government is corrupt Boeing with get billions of tax dollars to save them.
This. It’s exchanging long term success for short term wins. I doubt they are going to be the only victims of business over engineering. It’s going to be a slow burn for a lot of companies. Most companies that go this route will slowly crumble as their products enshitify, but the thing is, in most cases, no one will get hurt.
This should have never happened in the aerospace industry.
“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.
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.
There’s nothing inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits
True but only for a snapshot in time. When the expectation of the environment is unlimited growth and profit above all else, the quick cash out in lieu of long term gains is inevitable sooner or later
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.
Oh outside of the USA yes, I can see that… In the USA, I think I would count such examples with 1 hand (talking about large companies and corporations, not Mom and Pop shops of course)
They replaced their management, who were mostly engineers with MBA’s, to business majors with MBA’s who worship Jack Welch. The IQ in the room plummeted as the ghost of Welch demanded sacrifices for short term gains so they might one day get their golden parachute.
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.
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.
True, but in my experience, selling stock publicly is the ticket to hell. No matter how much of your company you think you still own, you’re going to be driven to make higher profits every quarter, no matter the cost. If you don’t comply, they will replace you with someone who will.
There’s a “vote for strike” sign posted on airport road by their Everett facility. I’m guessing there will be a strike? I didn’t see the firefighter strike anymore for a few days now. I haven’t heard if they succeeded in what they were looking for.
What a headline. It literally fell 3%… That’s not much. Actually still higher than their April value. They dropped more than 50% in the beginning of the pandemic and have not recovered from that. Whereas Airbus easily pushed higher than pre pandemic level. So yeah not looking good since a long time.
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.
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