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> Current-day Ford Motor having to go begging to China - for a major, iron-based component needed to produce more cars - that is laughable, and beyond pathetic.
by tedk-42 4y ago
> Current-day Ford Motor having to go begging to China - for a major, iron-based component needed to produce more cars - that is laughable, and beyond pathetic. In a dark, miserable sort of way, if you care about America or its future.
Sounds similar to Boeing where accounting for personal gain (promotions / raises) of upper managers and executives took effect over the long term advantage of the company.
- dotancohen 4y agoBut there was no McDonald Douglas absorbed into Ford to explain this shift. Yet it seemed to happen during a similar timeframe (late '90s, early 2000s).
- b112 4y agoJIT MBA driven push came then, plus the whole "stay within your area of expertise" movement.
- Spooky23 4y agoWall St punished diversification, so anything that could slow growth had to go. We’re shifting to a new era where cash is king. That’s why Amazon built their own UPS and Apple will be a bank in a few years.
- MrMan 4y agowhy "a few years" why not now?
- chiph 4y agoFunny you should mention Boeing. Alan Mulally went to Ford in 2006 after working for Boeing for 35+ years. In my opinion he was a net positive for the company, securing a credit line just before the 2007 recession so that Ford did not have to get bailed out by the government. He also sold off Jaguar/Land Rover just in time before gas prices spiked and their sales slumped. I think he is one of the "good" Boeing execs, unlike the ones that came in with the McDonnell Douglas merger and mismanaged production of aircraft like the 787 and 737-MAX https://en.wikipedia.org/wiki/Alan_Mulally https://en.wikipedia.org/wiki/Alan_Mulally
- treeman79 4y agoStory my dad told of McDonald Douglass merger was that they intentionally hired a drunk incompetent ceo to scare away all of their business. So that the merger with Boeing could be approved. He had many stories to tell of engineering non sense there. Supposedly they just trained whomever to be an engineer. They offered to make my dad one since they liked him.
- jacquesm 4y ago> McDonald Douglass merger Pray do tell more about that merger!
- klyrs 4y agohttps://en.m.wikipedia.org/wiki/Downfall:_The_Case_Against_Boeing https://en.m.wikipedia.org/wiki/Downfall:_The_Case_Against_B...
- vishnugupta 4y agoIt’s mentioned in a well made Netflix documentary about the downfall of Boeing I think. “Downfall: The Case Against Boeing” is the documentary title.
- yetihehe 4y agoI think that this documentary is about McDonell Douglas, not MacDonald.
- jacquesm 4y agoExactly.
- vishnugupta 4y agohaha yes yes. I just assumed the MacDonald was a typo and the GP meant "McDonell Douglas".
- JTbane 4y ago> Sounds similar to Boeing where accounting for personal gain (promotions / raises) of upper managers and executives took effect over the long term advantage of the company. Executive pay is out of control in general in the USA, and performance is equally trash.