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 threadKartik KrishnanandApr 8, 2024
@carnage4life There is a book titled "When McKinsey comes to town" by Peter Bogdanovich, and Michael Forsythe in which there is a chapter about McKinsey consultants recommended that the Disney rides not be maintained daily to save costs as there had been no accidents in the last few years. The consultants were oblivious to the fact that there were no accidents because the rides were maintained daily.
Show threadBobulous  
@kkrishnanand @carnage4life Great advice from the exact same category of geniuses who said there was no need to have panicked about the Y2K bug because in the end nothing bad happened.
Apr 14, 2024 at 12:39amWeb