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Reality: they were exactly right, because “we” isn’t Boeing, “we” is James McNerney, former CEO of Boeing. Between when the 737 MAX 8 entered production, and he
by duado 8y ago
Reality: they were exactly right, because “we” isn’t Boeing, “we” is James McNerney, former CEO of Boeing. Between when the 737 MAX 8 entered production, and he retired as CEO, he was paid $80 million. You think he has to deal with any of these problems with the dead people and the grounded aircraft?
- acqq 8y agoEven more impressive reality: Less than three years ago Boeing's stock was worth around 130 USD. Friday it was still 370 USD, almost 3 times more than that. Less than three years ago its market capitalization was around 80 billion. Now (even after the grounding of 737 MAX) it's still around 240 billion. What happened in the last less than three years? At least, the first 737 MAX planes were delivered around two years ago. Apparently Boeing had (before the crash) a backlog of 5000 orders for 737 MAX planes, worth 490 billion. On Boeing's own site: https://www.boeing.com/commercial/market/commercial-market-outlook/ https://www.boeing.com/commercial/market/commercial-market-o... "Commercial Market Outlook 2018-2037" "Robust demand is expected the next 20 years as strong economic growth, growing middle classes, increasing consumer spending on services, and evolving airline business models bring more value to passengers and support the long-term outlook. As a result, the industry will require more than 42,000 new airplanes by 2037 with almost 74% in the single-aisle category." Looking at all that it's even more obvious why there was such a reluctance to ground the 737 MAX in the US.
- speeq 8y agoNo, but thousands of friends and family members of those who lost their lives have to deal with that problem.