3 ms·

> In aerospace, saftey actually is the business model so? I should have inc the relevant quote(fixd). Anyway, that was my understanding. But in my linked artic

> In aerospace, saftey actually is the business model so? I should have inc the relevant quote(fixd). Anyway, that was my understanding. But in my linked article, Boeing's CEO corrects me: "We don’t ‘sell’ safety; that’s not our business model." This is his day job after all.

hef19898 3y ago
Well, seems he was somewhat mistaken after all, wasn't he?
- WarOnPrivacy 3y ago
  Where was he mistaken? He knew his job, did it to completion and was very well rewarded the entire time. His work at Boeing is so well regarded that investors couldn't wait to firehose capital his way. ref:https://www.seattletimes.com/business/boeing-aerospace/former-boeing-ceo-muilenburg-heads-200m-blank-check-venture/ https://www.seattletimes.com/business/boeing-aerospace/forme... Boeing's CEO is what success looks like.
  - hef19898 3y ago
    And yet Boeing became the posterchild, and but of jokes, for really bad engineering. And sold products that killed a couple of hundred people... Truely long term success for the company.
    - WarOnPrivacy 3y ago
      > And sold products that killed a couple of hundred people... Truely long term success for the company. That sort of long term outcome is fairly irrelevant to the people in control. Short term profits are what matter. Burn and bail. After enough years of profit-taking by burning thru hard-built assets - you have the only long term success that matters (to the people with control).
foolswisdom 3y ago
Is it not "a" business model, or not Boeing's business model? The latter is exactly what the FAA is saying :-).
- WarOnPrivacy 3y ago
  > Is it not "a" business model, or not Boeing's business model? The latter is exactly what the FAA is saying The FAA doesn't seem to take any notice of Boeing's business model.
marcosdumay 3y ago
And that's completely out of line with the general picture on aviation. The fact that Boeing doesn't think it's their business doesn't mean that nobody thinks it's their business.

hef19898 3y ago

Well, seems he was somewhat mistaken after all, wasn't he?

WarOnPrivacy 3y ago
Where was he mistaken? He knew his job, did it to completion and was very well rewarded the entire time. His work at Boeing is so well regarded that investors couldn't wait to firehose capital his way. ref:https://www.seattletimes.com/business/boeing-aerospace/former-boeing-ceo-muilenburg-heads-200m-blank-check-venture/ https://www.seattletimes.com/business/boeing-aerospace/forme... Boeing's CEO is what success looks like.
- hef19898 3y ago
  And yet Boeing became the posterchild, and but of jokes, for really bad engineering. And sold products that killed a couple of hundred people... Truely long term success for the company.
  - WarOnPrivacy 3y ago
    > And sold products that killed a couple of hundred people... Truely long term success for the company. That sort of long term outcome is fairly irrelevant to the people in control. Short term profits are what matter. Burn and bail. After enough years of profit-taking by burning thru hard-built assets - you have the only long term success that matters (to the people with control).

foolswisdom 3y ago

Is it not "a" business model, or not Boeing's business model? The latter is exactly what the FAA is saying :-).

WarOnPrivacy 3y ago
> Is it not "a" business model, or not Boeing's business model? The latter is exactly what the FAA is saying The FAA doesn't seem to take any notice of Boeing's business model.

marcosdumay 3y ago

And that's completely out of line with the general picture on aviation. The fact that Boeing doesn't think it's their business doesn't mean that nobody thinks it's their business.