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>>"McDonnell Douglas managers were more cutthroat, and it was all about the bottom line — cut those costs!" she told CBC's The Fifth Estate. "They didn't follow
by toss1 7y ago
>>"McDonnell Douglas managers were more cutthroat, and it was all about the bottom line — cut those costs!" she told CBC's The Fifth Estate. "They didn't follow a good capitalist model. They followed greed and putting people in the upper echelon, putting their interest first above the workers and the product and just society as a whole."
This type of financialization of a business works great -- right up to the moment when it doesn't.
All the numbers just keep looking better and better
Then, even without disasters that kill hundreds of people, the business starts to become sick, and there is often no cure for it.
The core product or service has been so long neglected, and the the know-how to continuously develop it has become so diluted, that there is nothing left but the long death spiral.
In this case, that death spiral may be halted by the govt due to Boeing's large defense role, but...