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Management at Boeing killed those 346 passengers.
by janice1999 2y ago
Management at Boeing killed those 346 passengers.
- Ekaros 2y agoShareholders of Boeing killed them in the end. They wanted these profits and stock prices, but sadly they are the group that is protected.
- ahoka 2y agoSo at the end of the day it was you and me killing those poor souls by investing our pension money in those companies?
- Ekaros 2y agoExactly. Whole current financial system is build on this.
- paulryanrogers 2y agoDon't your investors oversee cutting of corners like recycling old designs to the breaking point? Or hiding critical new workarounds in the shallowest possible training?
- _cenw 2y ago"the sole fiduciary duty is to deliver profits" is a reductive meme at this point. The problem is putting short-term over long-term, and that's a choice Boeing executives made. Of course the system incentivizes this, especially if you get away with it. But they didn't.
- ffgjgf1 2y agoMost shareholders hardly have a say on how major public companies are run. Thr Only signal they have is by buying/selling stock or not even that if you only own your shares indirectly through an ETF.