4 ms·
Chasing short-term profits at the expense of long-term losses is a popular pastime of management/C-suite executives who are motivated more by "what's good for m
by twh270 6y ago
Chasing short-term profits at the expense of long-term losses is a popular pastime of management/C-suite executives who are motivated more by "what's good for me" than by "what's good for my company/employees/customers". It creates a culture where everyone is acting more out of self-interest than they ought to.
Eventually, the company pays for it, but it can take a while.
The culture at Boeing has changed, and it seems to me that the quarterly numbers are more important now than previously.