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Boeing had an amazing engineering record, then it merged with a company known for having a terrible engineering record. The executives who ran the shoddy compan
by moose_man 3y ago
Boeing had an amazing engineering record, then it merged with a company known for having a terrible engineering record. The executives who ran the shoddy company basically took over Boeing from the old management. Now Boeing is a company with a terrible engineering record. Look at what happened to GE, it was the same style of management that ruined Boeing.
- operatingthetan 3y agoAnswering the question by repeating the myth doesn't really seem to be what they are asking for.
- moose_man 3y agoWell it's the way GE was run and look what happened to them. Caring only about your share price is a great way to ruin a company. The share price should be the result of a well run business not the true north of the company. By making the metric into the goal it totally defeats the purpose of the metric.
- Kim_Bruning 3y agoSo basically Goodhart's law in action then? https://en.wikipedia.org/wiki/Goodhart%27s_law https://en.wikipedia.org/wiki/Goodhart%27s_law