I liked that article too - amazing piece that pretty well sums up what went wrong: the culture that searches for generic CEOs and other upper management positions just because they did OK in other unrelated fields. The whole corporate culture is driven towards maximizing shareholder dividends - which is not a good fit for aircraft manufacturers or any other business that has make quality its first and highest priority (ask Colt ‘s Firearms).
Boeing became our only remaining airliner manufacturer as the rest fell by the wayside. It has had a magnificent run with world-class and safe aircraft. Its only major competition has been Airbus and they are heavily subsidized by its European consortium - which pushed Boeing to start acting like any other company run by MBAs instead of airplane people. Now people have been killed and there have been a bunch of near-misses.
Does Boeing resume what made it the best for decades, or do they keep hiring bean counters?
11 posted on 4/22/2024, 5:07:57 PM by Chainmail
What happened over the last 60 or so years is companies like Ford and GM went from making cars to making money in the short term.
Instead of thinking about the next decade, it is the next quarter. That leads things like planes falling out of sky and bridges falling down
Oh, and as an engineer in manufacturing. Jack Welch should have been hung.
His apostles have destroyed countless companies.
Thanks for your reply and your service as a Marine.