Boeing CEO ousted as 737 Max crisis deepens

Post by tw04 » 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.

Post by panarky » Mon, Dec 23, 2019, 4:41 PM UTC

solatic wrote: post #127

panarky wrote: post #95

Earlier quoted context omitted.

The NYT story in particular was hard-hitting and well sourced. Gotta wonder if these stories influenced the board to act now. It's a bad look, because Boeing is consistently way too late to recognize what is obvious to those of us watching from home. I continue to be astounded that our most senior leaders will not act in the long-term best interest of the organizations they lead. It's been 37 years since the Tylenol…

The Tylenol crisis is basically the case study for how to handle a corporate crisis. If you get an MBA without having come across it, you should ask for your money back. > Why can't today's leaders think a little bigger, and optimize for the long term even if that has an immediate cost? I'm not sure it's so simple. At the head of the Boeing bureaucracy, Dennis Muilenberg likely was being fed a diet of wrong and horri…

Post by brink » Mon, Dec 23, 2019, 4:41 PM UTC

CharlesColeman wrote: post #147

brink wrote: post #138

Earlier quoted context omitted.

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

> Some people do get a sense of pride and fulfillment out of doing a good job. But a good job for a CEO is building shareholder value, which is now understood as "[wringing] all the money out of the company that they can [for the shareholders]." That's a different job than building an organization that consistently chooses safety over schedule and cost.

Post by dmix » Mon, Dec 23, 2019, 4:42 PM UTC

jacquesm wrote: post #141

dmix wrote: post #107

Earlier quoted context omitted.

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…

Unions still make sense today. Without them labor conditions would likely go down quickly. There is plenty wrong with unions but to dispel the need for them without giving careful thought to their good sides is throwing out the baby with the bathwater.

Post by mensetmanusman » Mon, Dec 23, 2019, 4:44 PM UTC