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Because the shareholders like the management? Cutting corners to increase (short-term) profits is more popular with them than focusing on quality. And now that
by rob74 3y ago
Because the shareholders like the management? Cutting corners to increase (short-term) profits is more popular with them than focusing on quality. And now that the company has been in the red consistently since 2019 (https://www.statista.com/chart/20660/boeing-earnings-loss/ https://www.statista.com/chart/20660/boeing-earnings-loss/), of course the answer has to be to lower costs even more wherever possible in order to return to profitability...
- caycep 3y agoSo should something as mission critical as an aircraft manufacturing co have some ownership/oversight that's not public shareholders? Give the NTSB a few seats on the board
- euroderf 3y agoNTSB?? In American style management there's no room for namby-pamby "stakeholders" on the board.
- dotancohen 3y agoWho do you think the NTSB are? The NTSB is staffed with people familiar with the industry - it has to be. Thus, a significant portion of these people are former Boeing employees. And historically, many NTSB staff have gone to work for Boeing (and other industry giants) after their stint at the NTSB as well. It's not that large of an industry after all. This is known as the Revolving Door.
- markdown 3y ago> This is known as the Revolving Door. Regulatory capture