Too bad they’re a defense contractor and “too big to fail”.
Every one of those lost orders will come out of the pockets of US taxpayers when Boeing is bailed out.When the Boeing plane crashes and explodes >:(
When the Boeing rocket crashes and explodes >:D
Good fuck this company. I’m sure all the military contracts will keep their pockets lined unfortunately.
more to the point: fuck the McDonnell Douglas Corporation. Oh, fuck them both, sure, but Boeing died a long time ago. It’s just McDD wearing Boeing like a horrific skin suit.
2019: https://www.theatlantic.com/ideas/archive/2019/11/how-boeing-lost-its-bearings/602188/
2020: https://qz.com/1776080/how-the-mcdonnell-douglas-boeing-merger-led-to-the-737-max-crisis
2024: https://finshots.in/archive/did-a-1997-merger-ruin-boeing/
2024: https://www.newsweek.com/merger-that-brought-boeing-low-opinion-1867937
Mmm McDD
Oh, what a terrible day to have eyes
When you run an engineering company as a business, you wind up with no business at all
There’s nothing inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits. That sort of behaviour reeks of an inexperienced and perverse management culture. You can find countless examples of businesses where the brand’s reputation for quality, reliability, and safety are considered sacred and any employee who publicly damages that reputation is ostracized. Japanese companies pretty commonly have these cultures, for example.
Generally a business runs for profit. They teach people in business school to maximize profits. So there kind of is something inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits. There is always that incentive to give the least amount for as much as you can take.
Japanese have immortalized a concept called “Black Company” and “Death March” where they push their employees into so much overtime that they literally die or risk losing their livelihood. Which is probably not great for long term or their reputation.
So there kind of is something inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits.
It’s called “Wall Street”.
That’s true that shareholders and stock evaluation are main drivers for this phenomenon, but Private Companies aren’t necessarily more saintly than companies with Public Offerings.