3 ms·
The worst part is the 737 MAX development went way over-budget. The idiots cut corners and didn't even save money! It is genuinely important for big corporati
by FredPret 3y ago
The worst part is the 737 MAX development went way over-budget.
The idiots cut corners and didn't even save money!
It is genuinely important for big corporations to have owners with a very long investment horizon who are involved in corporate management. People who are planning for their great-grandchildren are essentially trying their best to set up a company that can last forever.
- mulmen 3y agoThey thought re-engining the 737 would cost 2bn and a new plane would cost 10bn for a savings of 8bn. The actual development cost for the MAX was 4bn so their estimates were off by a factor of two. Naively the MAX saved Boeing 16bn (20bn - 4bn) in development costs. They saved “double” (by failing upwards) on development and it only cost them the future of the company.