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During national neighbor night out few weeks ago I met a couple who just moved to the neighborhood, wife is a doctor and husband is a Boeing engineer in the mat

During national neighbor night out few weeks ago I met a couple who just moved to the neighborhood, wife is a doctor and husband is a Boeing engineer in the material science something rather. Me being a huge Boeing fan we've immediately connected on the topic of Boeing's issues. His view from inside echoed mine - too many MBAs, too much focus on financial engineering and stock buybacks and shareholder returns (he was LIVID about Boeing having no cash now because they sent it back to shareholders), too little focus on engineering. I touched on the nextgen (79?7) program and he just shook his head. And the CEO based out of wherever but not Seattle is just a huge spit into everyone's face. I don't think Boeing is going down due to it being well, Boeing, but it will likely need to get bailed out if it goes on like that. So go machinists!

RaftPeople 2y ago
> And the CEO based out of wherever but not Seattle is just a huge spit into everyone's face. The news reported that the new CEO said he chose to be based in Seattle. From Seattle Times: Kelly Ortberg, the new CEO of Boeing whose appointment was announced Wednesday morning, has chosen to be based in Seattle.
squigz 2y ago
Why would bailing out Boeing be a good idea?
- cwmma 2y ago
  because it's too big to fail.
- danielodievich 2y ago
  Um, they are one half of duopoly of widebody aircraft makers, they are a huge portion of high technology export from USA, they are in every state (for better or worse), they are a defense provider of insane importance with planes, rockets and satellites. Yeah, they're strategically essential to this country's abilities in airspace. I have no doubt they'd get bailed out. With a huge stink but they will.
  - squigz 2y ago
    These might be why they likely will be bailed out, but I'm not sure those are good reasons.
- wesselbindt 2y ago
  That's just how the free market works wink wink nudge nudge

RaftPeople 2y ago

> And the CEO based out of wherever but not Seattle is just a huge spit into everyone's face. The news reported that the new CEO said he chose to be based in Seattle. From Seattle Times: Kelly Ortberg, the new CEO of Boeing whose appointment was announced Wednesday morning, has chosen to be based in Seattle.

squigz 2y ago

Why would bailing out Boeing be a good idea?

cwmma 2y ago
because it's too big to fail.
danielodievich 2y ago
Um, they are one half of duopoly of widebody aircraft makers, they are a huge portion of high technology export from USA, they are in every state (for better or worse), they are a defense provider of insane importance with planes, rockets and satellites. Yeah, they're strategically essential to this country's abilities in airspace. I have no doubt they'd get bailed out. With a huge stink but they will.
- squigz 2y ago
  These might be why they likely will be bailed out, but I'm not sure those are good reasons.
wesselbindt 2y ago
That's just how the free market works wink wink nudge nudge