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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 an
by 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 agoIt 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 agoIt 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