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 threadBrad HApr 8, 2024
@carnage4life Similar to “tonerheads” at Xerox https://www.youtube.com/watch?v=yraBG1s4gm8
Risk for Apple is “services-heads” 🙁
Steve Jobs on the rotting of companies

YouTube
Show threadÓscar Morales Vivó
@Bracl @carnage4life Apple’s product driven ethos is being pulled from many directions but I’d argue that the more problematic one, and it’s been already obvious for well over a decade, is that much of it is more keynote-driven before product-driven.
Apr 10, 2024 at 3:11pmWeb