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Boeing's decisions were ultimately not a matter of the dubious leaders or the MD acquisition. They were a matter of the preferences of the owners, which is to s
by joe_the_user 2y ago
Boeing's decisions were ultimately not a matter of the dubious leaders or the MD acquisition. They were a matter of the preferences of the owners, which is to say they expressed the preferences of Wall Street investors and the preferences are "provide a steady stream of revenues by cutting costs and gutting the company if necessary (subcontract nearly everything out, make the workforce disposable, etc)". You can see this in the decision of California's PG&E to give the money needed to maintain lines to their shareholder as a dividend. Overall, the process dispossesses the employees and mortgages the future of the enterprise.
To change this, you'd have to have a different source of funding for these enterprises at the least.
- adamc 2y agoPerhaps we need to rethink protecting shareholders from liability. I'm sure that would be unpopular, but having companies create harm for profit is a problem.