Seattle Times has a new report on how Boeing's current challenges can be traced to prioritizing shareholders over everything for 25 years, slashing costs and outsourcing key work, weakening unions, and pressuring suppliers, leading to loss of its core competency.

This is a great example of how the stock market rewards short term thinking leading to companies sabotaging themselves. Intel is in the same boat.
https://www.seattletimes.com/business/boeing-aerospace/boeings-long-fall-and-how-it-might-recover/

When ‘ruthless’ Boeing cut costs, the damage spread

Boeing’s leaders are tepidly admitting the shareholders-first, workers-be-damned strategy was flawed. It’s an admission a generation in coming.

The Seattle Times
@carnage4life engineers build up value through decades of difficult labor, the finance guys swoop in and destroy it in the blink of an eye.

@nuthatch
Every stockmarket owned company will eventually fuck its customers over for shareholder benefit.

Welcome to capitalism.

@carnage4life