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Shareholders of Boeing killed them in the end. They wanted these profits and stock prices, but sadly they are the group that is protected.
by Ekaros 2y ago
Shareholders 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.