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Started as an intern at Boeing in 1985. 34 year career down in flames. Ouch.
by Ill_ban_myself 7y ago
Started as an intern at Boeing in 1985. 34 year career down in flames. Ouch.
- dylan604 7y agoGoing down in flames is a lot less dramatic when you have a nice golden parachute to ease the crash.
- huy-nguyen 7y agoPlot twist: the parachute runs MCAS.
- usrusr 7y agoGolden parachutes are primarily handed out to those who are hired from the open C-level circuit into a house already on fire. They have the bargaining position to demand the "heads I win tails you lose" contracts that are known as golden parachutes. Someone who internally rose through the ranks never enjoyed that much bargaining power. He surely won't fall into poverty, but landing might not be quite as soft soft as you imagine. (not ruling out the possibility though)
- middlechild9 7y agoI mean, it was still a great run. Being a public company CEO is a near-impossible job with so much out of your control, so I wouldn't say "down in flames". His legacy is tarnished, but the public has a short-term memory about these things.
- unstatusthequo 7y agoSeems to me he may have been part of the culture problem then? Bad habits develop...
- ben509 7y agoCertainly having started from scratch at the company would help him as a leader as the rank and file knew that he had been in their shoes, at one time. But, yeah, being steeped in the culture may very well have been part of this problem as well.
- deleted 7y ago[deleted]
- kodt 7y agoYes, and he didn't come from money. Grew up on a farm in Iowa.
- CydeWeys 7y agoHe made his bed.
- Sharlin 7y agoSomehow I can’t find in myself one single bit of sympathy for him. As opposed to the people who, you know, literally went down with the planes. What’s the value of one rich man’s career in the face of that? Exactly zero.
- bb123 7y agoDown in flames is possibly an unfortunate choice of words here.
- ulfw 7y agoI'm sure he won't have to collect food stamps. Come on.
- AnimalMuppet 7y agoHmm. There's been a lot of talk here about the Boeing culture vs. the Lockheed culture, and how the Lockheed culture took over after the merger. Yet the CEO was a Boeing guy, not a Lockheed guy.
- Rebelgecko 7y agoBoeing and Lockheed aren't merged as companies, they're only combined for building launch vehicles. They created ULA as a joint venture. It was a weird situation where it made sense for both companies— Lockheed basically lost all of their trade secrets to Boeing after they did a crazy amount of industrial espionage. After a few Boeing employees went to jail, Boeing lost all of their launch contracts and were banned from bidding on any for a few years. Even after the ban ended they were in rough shape financially.
- pseudalopex 7y agoDo you mean McDonnell Douglas? Muilenberg became CEO 18 years after the merger. I wouldn't expect him to exemplify Boeing's old culture. It was also only 6 months before the first 737 MAX flight.
- AnimalMuppet 7y agoOops. Yes. His lineage is in the Boeing culture, not the McDonnell Douglas culture.
- pseudalopex 7y agoPeople can adapt to new cultures.
- xigency 7y agoThat's true but he came from the defense side of Boeing.