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People busting on the past and current CEOs, and for sure they deserve it.. however in my experience, many of these decisions happen at the board level. The Boe
by spydum 3y ago
People busting on the past and current CEOs, and for sure they deserve it.. however in my experience, many of these decisions happen at the board level. The Boeing board of directors need to be replaced, and held accountable for allowing quality measure to drop (for whatever the cause: outsourcing or pure cost cutting/staff skills).
But instead, as is so common in corporate politics, we pick a figure head like the CEO to be sacrificed, while the root problems don't get solved.
- croes 3y ago>we pick a figure head like the CEO to be sacrificed Isn't that the reason why they earn so much money because they "take" the risks?
- Sebb767 3y agoThe point being made here is that sacrificing the CEO does not solve the problems in the company and is completely unrelated to their pay.
- bsuvc 3y agoIt does solve the problem. Leaders need be held accountable, not to fix the past, but so that other leaders will make better decisions in the future. In this case, it is a lesson that if you destroy your engineering culture and sacrifice quality, you will lose your job.
- stingraycharles 3y agoThe parent you’re replying to started his statement with “fire the board”. So I think they are agreeing with you.
- cedws 3y agoThis is how capitalism works, right? Public companies are under a constant squeeze. Profit, profit, profit. Growth, growth, growth. If the CEO doesn't deliver they get removed and the board simply installs a new one. The growth machine must never stop, even at the expense of employees and customers. Experienced, knowledgeable employees costing too much? Get rid of them. Q2 profits fell short of expectations? Hike the prices. Supplier too expensive? Find another one.
- deleted 3y ago[deleted]
- mhb 3y agoExactly. Let's get the Antonov, Ilyushin, and Tupolevs into the US skies!
- happytiger 3y agoDon’t forget the CEO overseeing this program was his own chairman of the board at the time all this got started. https://www.cnn.com/2019/10/12/business/boeing-ceo-chairman-role-muilenburg/index.html https://www.cnn.com/2019/10/12/business/boeing-ceo-chairman-... I emphatically agree with you about it being a board first, CEO also situation, but when the CEO is also in charge of the board it’s difficult to see how effective second guessing of a CEO’s decision can reliably happen. Obviously this is legacy, and ironically the CEO at the time was a qualified engineer, so perhaps my statement was rash. But I do think a CEO and board who will put some teeth back into engineering is required right now, however that is accomplished.