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What I'm not quite convinced of is that it is the regulation that keeps the airlines following the manufacturers' specifications. I see what happens to stock p

What I'm not quite convinced of is that it is the regulation that keeps the airlines following the manufacturers' specifications. I see what happens to stock prices when these companies screw up and they lose a lot more money to that than they ever to do fines from regulators. Are the regulations actually doing much here or are they just repeating what the airlines would do anyway because they have a massive incentive not to crash even if the regulations didn't exist?

hn_throwaway_99 2y ago
I would think the whole Boeing saga would disabuse you of that notion. Boeing put the bean counters in charge because it made their stock price go up. Of course, it goes up until the corners you cut to juice short term profitability cause something catastrophic to happen, like the multiple 787-max crashes, the door plug blowout, etc. By the time the bad stuff happens, the original decision makers are usually drinking pina coladas on a beach somewhere (or, in the case of former Boeing CEO James McNerney, cashing royalty checks from his book about his stellar management style and what a smart guy he is).
- dmix 2y ago
  Boeing's many businesses doesn't operate under much competition. Largely thanks to the gov propping it up regardless of whether it deliver quality because national security and jobs or something.
- listenallyall 2y ago
  This kind of snark in the comments is always a bit weird. His pension alone is worth upwards of $40 or $50 million, plus he got paid over $20 million in 2013 and 14. He isn't particularly famous or well-known. Do you think his book royalties are even one percent of his net worth?
  - hn_throwaway_99 2y ago
    It always amazes me how people can pick out a detail that at least to me seems to be clearly made as sarcasm and highlight that as the thing that bothers them. So more literally: 1. No, I don't think the book royalties made a lick of difference to McNerney's net worth - in fact, he probably doesn't get any royalties, as it was just a fawning biography, not an autobiography. Instead, the fact that he made did make millions as CEO juicing the stock price, while actually putting in place the root causes for Boeing's subsequent downfall, is what I meant by "the original decision makers are usually drinking pina coladas on a beach somewhere". 2. I brought up the book because it's the height of irony for his biography being about what a great manager he is. The title of the book is "You Can't Order Change: Lessons from Jim McNerney's Turnaround at Boeing". Yeah, turnaround all right, just not in the direction intended by the author.
    - listenallyall 2y ago
      It always amazes me that someone creates a "throwaway" account then continues to use it forever. The issue with your snark is that adding it undermines the first half of the comment which is a reasonable point. Yes short-term focus on boosting stock price is often detrimental to a century-old company and one whose products often last 40+ years - and especially when failure of those products offen results in mass casualties. So just write that. Talking about pina coladas on the beach and book royalties just makes you sound arrogant and "holier-than-thou" and reads like you're making an personality judgment about one individual, rather than the industry leaders as a whole. > clearly made as sarcasm It's not clearly sarcasm to readers. It sounds like a personal axe to grind which, as stated, undermines your overall point

hn_throwaway_99 2y ago

I would think the whole Boeing saga would disabuse you of that notion. Boeing put the bean counters in charge because it made their stock price go up. Of course, it goes up until the corners you cut to juice short term profitability cause something catastrophic to happen, like the multiple 787-max crashes, the door plug blowout, etc. By the time the bad stuff happens, the original decision makers are usually drinking pina coladas on a beach somewhere (or, in the case of former Boeing CEO James McNerney, cashing royalty checks from his book about his stellar management style and what a smart guy he is).

dmix 2y ago
Boeing's many businesses doesn't operate under much competition. Largely thanks to the gov propping it up regardless of whether it deliver quality because national security and jobs or something.
listenallyall 2y ago
This kind of snark in the comments is always a bit weird. His pension alone is worth upwards of $40 or $50 million, plus he got paid over $20 million in 2013 and 14. He isn't particularly famous or well-known. Do you think his book royalties are even one percent of his net worth?
- hn_throwaway_99 2y ago
  It always amazes me how people can pick out a detail that at least to me seems to be clearly made as sarcasm and highlight that as the thing that bothers them. So more literally: 1. No, I don't think the book royalties made a lick of difference to McNerney's net worth - in fact, he probably doesn't get any royalties, as it was just a fawning biography, not an autobiography. Instead, the fact that he made did make millions as CEO juicing the stock price, while actually putting in place the root causes for Boeing's subsequent downfall, is what I meant by "the original decision makers are usually drinking pina coladas on a beach somewhere". 2. I brought up the book because it's the height of irony for his biography being about what a great manager he is. The title of the book is "You Can't Order Change: Lessons from Jim McNerney's Turnaround at Boeing". Yeah, turnaround all right, just not in the direction intended by the author.
  - listenallyall 2y ago
    It always amazes me that someone creates a "throwaway" account then continues to use it forever. The issue with your snark is that adding it undermines the first half of the comment which is a reasonable point. Yes short-term focus on boosting stock price is often detrimental to a century-old company and one whose products often last 40+ years - and especially when failure of those products offen results in mass casualties. So just write that. Talking about pina coladas on the beach and book royalties just makes you sound arrogant and "holier-than-thou" and reads like you're making an personality judgment about one individual, rather than the industry leaders as a whole. > clearly made as sarcasm It's not clearly sarcasm to readers. It sounds like a personal axe to grind which, as stated, undermines your overall point