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.
@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.
@carnage4life
All the Harvard Business grads of the past 50 years should be rounded up, and isolated from society. Then the Harvard Business School should be nuked into a pile of lukewarm ashes.
@carnage4life There's also "Downfall: The Case Against Boeing" on Netflix, from 2022, on the same topic, which showed nicely how money-greedy management ignored all the signs of a disaster in the making. And those who profited from it don't seem to get any repercussions for it, either. That's the downside of an uncontrolled market, where quick-earned profit always pays off (long-term it's a bad method, but tell that to the ones who want to make a buck right now).
@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.
@carnage4life There's a good documentary by Rory Kennedy on this (on Netflix). It ties the problems to the merger of McDonnell Douglas & Boeing -- Boeing had had a culture of safety and trusting engineers. It changed to more of the McD D culture of prioritizing cutting costs and raising stock price.
It's insane -- these companies basically have license to print money for decades on end just by doing the same basic job over and over again. But the stock market gets antsy and wants higher returns. And it all comes crashing down. (Literally, in Boeing's case.)
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