3 ms·
There are plenty of ways to make shareholder value without actually improving Boeing's product safety culture. Even if the planes are deathtraps, what are custo
by lenerdenator 3y ago
There are plenty of ways to make shareholder value without actually improving Boeing's product safety culture. Even if the planes are deathtraps, what are customers going to do about it? Sue? Lawsuits will take years. Buy Airbus planes? Order queue's backed up for years. Ground their fleets? Then they can't make money. Every solution takes years while shareholders have to worry about the next 90 days. Even those with a long position can just propose that the company start selling off assets in order to make up the losses. That's what corporate raiders do, and it's what happened to GE.
Shareholders do not care about companies. They care about making money.