4 ms·
No matter how you look at it, Boeing's business appears to be in terrible shape. The Atlantic has a decent article on how the company lost its way: "a company o
by cs702 6y ago
No matter how you look at it, Boeing's business appears to be in terrible shape. The Atlantic has a decent article on how the company lost its way: "a company once driven by engineers became driven by finance."[a]
However, from "the stock market's perspective," everything at Boeing is honky dory -- the stock is up +2% today.
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[a] https://www.theatlantic.com/ideas/archive/2019/11/how-boeing-lost-its-bearings/602188/ https://www.theatlantic.com/ideas/archive/2019/11/how-boeing...
- skny 6y agoStock being up 2% today is myopic and meaningless. Look at the performance over the last year. FWIW, Wall St isn't a bunch of morons trying to financially engineer an airplane to take off. https://imgur.com/a/lv0yYq9 https://imgur.com/a/lv0yYq9
- gamblor956 6y agoNote that this article squarely lays the blame on finance executives...that were once engineers...