361–370 of 578 posts
Just watched a documentary on Boeing an hour ago. It’s incredible that they avoided criminal prosecution despite two planes crashing, door popping out and then paperwork somehow going AWOL. Also Boeing knew about wiring issues since 2022 and the FAA only issues an inspection order in ‘24. Gonna try and avoid Boeings of all types going forward
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Any Boeing engineers who may be looking for alternate paths, please know that I've known many great aerospace engineers who have made a pivot to medical devices very successfully and many of the best medical devices to come out in recent years are due to such. It seems very different but really it's very similar.
On one hand I can't blame any engineer that wants to flee, but on the other Boeing really can't afford any more brain drain. We are already seeing the results of years of forcing experienced but well paid engineers out and outsourcing their jobs. Planes literally falling out of the sky, but some nice fat executive bonuses.
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Ever heard of a stock-price led company that "went back to being an engineering and manufacturing led company"?
Depends on how deeply you know the story of GE, which was an engineering company, became a financial services company, and now is back to engineering.
There is no company called GE anymore. Most of its engineering units were sold off to other companies which just license its brand. GE appliances, for example, are actually Haier. GE Lighting was sold to a home automation startup.
GE's biggest value creator today is its brand name, not its engineering.
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Good. Jim McNerney absolutely shredded the culture, and eroded decades of good will. It's far past time workers for Boeing pressed for things to go back to being an engineering and manufacturing led company. Striking is one way to get closer to that, good on them.
I fear this will do the exact opposite: vindicate the union-busters who wanted to move out of Washington in the first place.
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It's kinda fun, right? The whole point of tying executive compensation to share price was to have them have some rough stake in the business, but even that didn't prove enough: there's always a longer term, and doing a visible, clear NPV boost is usually accretive to market cap even if it introduces long-term risk, because the long term risks are usually hidden from public eye and very mushy. Ironically, I think the…
Would love to see a shift towards something like deferred options for executives. Or, ya know, a fixed multiplier on median employee pay, like managers make 3x median, VPs 5x, CEOs 7x. I’m okay with people who have crazy responsibilities making good money, but it doesn’t have to be obscene.
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Would love to see a shift towards something like deferred options for executives. Or, ya know, a fixed multiplier on median employee pay, like managers make 3x median, VPs 5x, CEOs 7x. I’m okay with people who have crazy responsibilities making good money, but it doesn’t have to be obscene.
This sounds like an incentive to fire/outsource all of your lower-paid employees
They're voting to strike right as the new CEO gets in? That's kind of the worst time possible to improve the situation at Boeing. All you're doing is creating an antagonistic environment with your boss. So dumb.
Some of us don't like the taste of dirt licked off a boot. They'll be fine.