5 ms·
As if shuffling the C-suite will fix Boeing's problems.
by allears 3y ago
As if shuffling the C-suite will fix Boeing's problems.
- toomuchtodo 3y agoCulture comes from the top, and is the place to start purging when the org has rotted.
- consp 3y agoThe board is still mostly the same, nothing will change.
- toomuchtodo 3y agoC suite reports to the board, board reports to investors. This appears to be what shareholders and the US gov (which hasn't nationalized Boeing yet) have the appetite for at the moment. More to come? Depends on how much worse things get or how slowly they get better. First, renovate. If renovation does not succeed, burn the house down and rebuild.
- laweijfmvo 3y agoThe board has to allow the new CEO to influence change, at the potential expense of a (short-term?) hit to their portfolios. We'll see how it goes!
- krainboltgreene 3y agoThis only makes sense if you believe a capitalist economy can produce anything different. These guys acted exactly as expected of them.
- Vox_Leone 3y ago>Culture comes from the top, and is the place to start purging when the org has rotted. Yes, and Look! A real engineer! God bless [and I mean it].
- toomuchtodo 3y ago> Yes, and Look! A real engineer! God bless [and I mean it]. Genuinely appreciate the kind words, but I am not an engineer. I respect the craft and practitioners, and am wise enough to know that success is aggressively enabling engineering talent and then getting out of the way. Again, this is cultural; curating and nurturing this culture takes time, energy, and is never ending.
- reaperman 3y agoI think most people would agree it is one of the necessary steps.
- willmadden 3y agoIt's the board and investors, and it's not just a Boeing problem.
- reaperman 3y agoAre there any publicly traded companies that you feel are doing a great job? It would be interesting to see what differences there are in the composition of major investors. My understanding was that for most S&P500 companies, the index funds like Vanguard generally hold majority voting shares (exceptions being like Facebook, where unusual amounts of voting stock are retained by the founder). So if the problem was “investors” I’d imagine that you’d be unable to find any S&P500 company that people thought was doing a good job.
- willmadden 3y ago>So if the problem was “investors” I’d imagine that you’d be unable to find any S&P500 company that people thought was doing a good job. The definition of "good job" depends on who you ask.
- ssgodderidge 3y agoA shuffling of the C-suite at Microsoft (eventually) led to it becoming the world’s most valuable company. Certainly not a guarantee, but it’s a step in the process