Boeing CEO ousted as 737 Max crisis deepens

Post by jacquesm » Mon, Dec 23, 2019, 4:35 PM UTC

dmix wrote: post #107

ceejayoz wrote: post #10

https://www.nytimes.com/2019/04/20/business/boeing-dreamline... > Safety lapses at the North Charleston plant have drawn the scrutiny of airlines and regulators. Qatar Airways stopped accepting planes from the factory after manufacturing mishaps damaged jets and delayed deliveries. > Less than a month after the crash of the second 737 Max jet, Boeing called North Charleston employees to an urgent meeting. The company…

It’s funny how people treats unions as panaceas to all problems. It’s strange to present them as some sort of solution in this case, where there was widespread engineering and management cultural issues, and would therefore somehow have prevented major air disasters. Workers rights and forcing higher wages might be great for the working poor and it might actually make economic sense in certain niche industries where…

Post by ogre_codes » Mon, Dec 23, 2019, 4:35 PM UTC

jonnypotty wrote: post #6

Watched an aljazira documentary about falling standards at a Boeing factory a couple of years ago and been waiting to see if something like this would happen. Now they're gonna sacrifice a lamb, keep same corporate struture and philosophy, keep on making billions, remember to appologise even more next time.

Post by djsumdog » Mon, Dec 23, 2019, 4:37 PM UTC

dredmorbius wrote: post #73

slimed wrote: post #50

Earlier quoted context omitted.

I hope you're right but this reminds me of the very sad saying, "Bike lanes are painted in blood". Why can't we properly value safety over convenience and profits before there is a huge accident?

You know the smell of gas? That's the smell of 300 souls: https://en.wikipedia.org/wiki/New_London_School_explosion Pretty much all safety measures are written in blood.

Post by CharlesColeman » Mon, Dec 23, 2019, 4:38 PM UTC

brink wrote: post #138

rectang wrote: post #113

Earlier quoted context omitted.

Why on earth would the next CEO be incentivized to do anything other than wring all the money out of the company that they can? The punishments for failure are insignificant. They get to keep millions and millions of dollars even if they wreck the company.

Some people do get a sense of pride and fulfillment out of doing a good job that money can't provide.

Post by formercoder » Mon, Dec 23, 2019, 4:40 PM UTC

ogre_codes wrote: post #143

jonnypotty wrote: post #6

Watched an aljazira documentary about falling standards at a Boeing factory a couple of years ago and been waiting to see if something like this would happen. Now they're gonna sacrifice a lamb, keep same corporate struture and philosophy, keep on making billions, remember to appologise even more next time.

I'm not so sure about the "Making Billions" bit. They are going to have to either do a massive 11 figure write down or spread out their losses on the Max over the next 10+ years. Either one is a pretty bitter pill to swallow. I'm betting we'll see a huge write down when the new CEO takes over, that way they can push as much blame as possible on the old regime and move forward with a clean-ish slate.