Dare ObasanjoApr 8, 2024

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
Show threadOlympia Indivisible
@carnage4life Everyone in the PNW knows that McDonnell Douglas was the one in charge after the 1997 Boeing merger. They stopped letting engineers lead the company and also started to squeeze the employees for profit. It quickly became a bad place to work.
Apr 8, 2024 at 4:53pmWeb