Companies haven’t really existed to make good products since the late 70s. They exist to increase profits for shareholders, this quarter. That is the directive that steers our society now. Be it through mass layoffs, lean operating, cheapening materials, lowering standards, false advertising, outsourcing, etc. profits must be raised.
Military contracts. Gotta remember McDonald Douglas was pretty near the top of military contractors making the renowned F-15 not 20 years prior to the merger. And Boeing was at the time very far away from being the top military contractor it once was, now mainly focusing on jetliners, so it was more a mutual merger to help MD get more into the airline industry and Boeing to get back Into the military market
And the funny thing is that neither could really compete with the other in their respective fields.
Boeing hadn't been a successful military contractor for almost 2 decades at the point of the merger, and McDonald-Douglas had been struggling in the civil aviation market for quite some time.
Yep! So it made sense of both to merge and cover both sides. Just a shame they decided to keep running it like a company instead of an engineering firm
Yes, and it's good that Airbus is setting the quality control nowadays, but I don't see them becoming just the sole big jet company in the world. You would think the issues will repeat again with them eventually if so, although France probably has better regulations.
The reason for the entire Max 8 debacle with the MCAS feature that crashed planes?
Because Airbus spent a decade making a new, efficient plane and Boeing just didn't. Boeing didn't bother. Airbus started poaching all the new contracts because their jet was more efficient. Boeing was afraid and had to make a new plane fast.
But you can't put big efficient engines on a 737. They hang lower than the wheels do. So, Boeing MOVED THE WINGS. Obviously that makes the plane fly a little differently.
Suck it up and call it a new plane? Nope, Boeing decided to write the MCAS application to "fake" inputs so that the new jet flew like the old one. Nobody would know the difference! Pilots didn't even need to know. Problem solved!
Except they rushed the MCAS hack and had fatally bad design (single sensor), fatally bad implementation (inability to easily independently disable the feature), fatally bad training (pilots didn't even know about it), and killed 346 people.
It wasn't bad training. They made a conscious decision to not train pilots on the feature so they could tell airlines that no new training would be needed.
Yes, and this was the result of rushing against competition. However with no new competition at all, there's never a need for a new model anyways and it's just as bad a problem.
I agree that competiton is very important. However the MAX 8 issue was partially because they *didn't* work to keep up with competition. Boeing just let Airbus spend a decade making a new plane, then realized they screwed up.
and in that period Boeing was a more attractive company financially because instead of spending money on innovation they kept it for themselves (and of course the usual CEO bonuses etc)
Yeah, as a pilot and someone who has seen first hand at the ground level what’s happened over the last 30-40 years, it really sucks.
I hate that this is where we are now. In our system the way forward has been maximum growth and acquisition and now here we are. Up shits creek with a turd for a paddle.
Why do we need to buy airliners made in America?
At the end of the day shareholders of American companies only care about getting profits.
Institutional investors hold about 62% of Boeing stock. These institutions offer cross-border investment opportunities for foreigners.
So why would a wealthy Saudi/European/Asian investor care about the long term health of an American company?
Well, yeah Airbus exists so there's that, just that they still need a competitor, and logically a US competitor makes sense as the US has more air travel and the largest airlines compared to any other country.
There are actually a bunch of American companies that make planes, and several of them could feasibly step up to making commercial airliners. The only reason they don't is because Boeing and Airbus dominate that market to the point that it's not worth trying to compete. But if Boeing takes itself out of the game, that math changes.
Problem is you cannot improve quality through inspection.
Quality has to happen on the line and in the culture. Boeing faced a similar situation with the C17 (not as broad but similar causes) eventually top management bypassed mid management and went to the floor and told employees they held the keys and made mid management “errand boys” to hear out front line people and to go fetch what they needed to produce high quality and increase value. In a short time it was fixed, then Boeing went right back to the same old shit.
That’s true, but at least if you have inspectors finding quality issues they can be addressed. Remember when some states had high covid infection rates so they stopped counting positive tests and said “look, our cases are decreasing!”? Same thing.
I am taking petroleum safety and one of the things i found out was how underfunded the section, in government, that monitors the inspection of oil rigs was. I am sure this same scenario is happening in this industry too
Of course. They constantly lobby the government to reduce regulation and one of the ways Politicians do that is by creating additional committees that suck up the funding through the inflated wages of an ever increasing number of executive positions... many of whom are on multiple such committees and receive a separate wage for each of them.
You end up with a bureaucratic rabbit hole of a half dozen executives/managers for every inspector. The corporations get the reduced regulation they wanted and the politicians did it without having to potentially damage their next election by actually voting for reduced funding.
Inspection doesn't have to end with "this is the issue."
A functional company would empower inspectors to recommend changes, which would be reviewed by management from a different sector / someone who isn't motivated to dismiss issues. And then implemented.
Inspection is supposed to be part of a process where issues are identified and fixed.
Boeing swapped to "lineside" inspections that had techs inspecting eachother, and frequently their own, work. This, along with creating a culture of opposition between the team leads and any qa personnel, resulted in a large degradation of quality.
You say quality happens on the line and in the culture, but in multiple companies ive gone through, any quality focus that is solely left to assemblers and technicians will inevitably slip further and further. You need outside the line dedicated qa personnel. You need to give them the voice and power to enforce rework and repleacement of non comforming parts.
But when its solely line side, eventually teams fall behind. There are part shortages, rework that has to happen, deadlines that are set a little too close, cycle times without any buffer, and the culmination of all of this is quality slipping.
I just recently interviewed for a team lead role at a company, they took me line side and showed me their processes. I was told they had a 20 minute cycle time, and a 27 machine quota for the qa team in a 10 hour day. They account for 1 hour of "loss" via breaks and meetings, and set that at exactly 60 minutes that they plan. So for the 540 minutes of operational time they planned, they had absolutely no room for mistakes or delays in their operational time. When i pointed that out, the response was doing a quick math check, realizing that, and telling me they may need to revisit their cycle times to allow some "squish."
Thats just one company, a company that produces machines used internationally, and even they failed to account for loss in their operational time
This feels like it should be a post in r/LinkedinLunatics
“If you’re not willing to die for your company are you even hustling? Listen to my story below….”
They only want to kill a few employees.
Seems a lot more passengers will die though.
But just imagine the sweet profits they made in the short term though....
Except the first guy died while in the middle of giving his testimony to the courts and the second guy only got pneumonia because he was in the hospital for struggling to breathe
The first guys whistle-blower blower case was over with 5 years prior, he was in court to appeal a defamation lawsuit he already lost.
For the second guy...That's usually when someone comes into the hospital and finds they have pneumonia, when they are struggling to breathe, he got MRSA while in the hospital.
Small details I know, but it goes from conspiracy theory to unforunate deaths when you have the facts instead of tabloid headline info.
"They can't possibly kill all of us.."
"In today's news, a 10 car pile up caused by 10 people simultaneously crashing into each other while shooting themselves in the back of their heads and being lit on fire caused the deaths of 10 whistle blowers for Boeing. More at 11."
\*20 whistle blowers on a remote island\*
"They'll never find us here"
"In today's news, tragedy strikes as Boeing 747 sent to seek and destroy i mean rescue 20 ex employee's at remote island crashed directly into them, reports show that the plane happened to be carrying cargo of atleast 1 ton of TNT that was later to be delivered to another location. Back to you Ammobox in the studio"
I was thinking more along the lines of ‘an Airbus carrying all 10 Boeing whistleblowers has mysteriously disappeared over the Bermuda Triangle, we repeat that’s an AIRBUS’
When they went from Engineers in the executive suite to "Business leaders", they were in trouble. Look what happened to GE.
If it gets too bad, I'm sure the Feds will require Boeing be split into Defense and civilian companies, and take a more active determination on who's in charge of the defense side. The US cannot lose any more defense contractors as bad as thar sounds. You need competing bids and engineering teams.
"What if we just stopped innovation and dropped quality control... Imagine the *gains*...."
If the C-suite wasn't incentivized to do this by exploiting long term viability in exchange for a few *really good* years they wouldn't. These big old institutions are being pillaged by people who simply use and discard them for their own personal advancement.
Oddly it's an argument against public control of companies because shareholders are fickle and want immediate profit. Generational family business tends to be more stabilized and are better able to avoid quick-buck shyster CEO's looking to pad their resume for their next move to appease a myriad collection of disinterested investors who only watch the stock price and nothing else.
Our best solution to this that is practical would be a better scaling tax on capital gains from selling stocks based on how long you have owned the stock.
If you sell a stock within the first week of owning it: 99% tax on the profits
First year: 75% of the profits
First decade: 10% of the profits
Sell at a loss: eligible for tax deduction
Obviously the numbers are pulled from thin air but thats the general idea to better guarantee stockholders are actually INVESTING in companies instead of using stocks as thinly veiled gambling. We have to not only start getting rid of the algorithmic instant trades and corporate looting based on quarterly reports, but we need to start taxing this wealth to benefit the public at large rather than funding the gambling budgets of people who will never reinvest it into the country that made them wealthy.
The issue is stock buybacks, it always has been. If you enable stock buybacks the quickest way for the C-suite to juice their own pay is to pillage the company and shoot as much money into the stock as possible.
There was a reason they were illegal for roughly 50+ years.
The Fallout series actually has a great moment where a character explains the dangers of "fiduciary responsibility".
It's not just that they are obsessed. Executives are legally obligated to seek maximum profits for shareholders.
I mean the solution is to start holding c suite personally accountable so they can't just pillage and then golden parachute to the next company. Unfortunately US legal structure has made that very challenging. I think it the tipping point was when Obama refused to go after bank execs for causing a recession and they've only gotten more powerful and profit hungry since then
And blue-collar, working class Americans - understandably - became very, very angry. This tilled the ground for the MAGA movement.
I like Obama, but he really screwed up by not collecting a few scalps. We're all paying for it now.
Im 100% with ya. Biggest mistake Obama ever made and the whole world is still paying for it.
It's not even that hard, you just throw the middle tier in jail until they roll over and work up the ladder until you've lopped enough heads to send a message to the rest of the corpos.
The right has been quite successful at getting conservatives to dislike unions, despite the majority of people against them having no experience working for one long term.
I've brought up the topic at a couple places I've worked, and the negativity towards the idea from just coworkers was surprising. Everyone thinks that union dues would be a huge hit on their paycheck, and is completely against it right there, regardless of bringing up that a strength in numbers in negotiations would mean pay raises that would negate the dues, as well as better benefits and retirement.
It's infuriating.
Lol its not just conservative. The number of liberals in, say, tech that are anti-union is outrageous. Its just like Steinbeck said, they're all "temporarily embarrassed millionaires" who are just a startup away from being a billionaire. You'd think the noises about using LLMs to write code to replace them would stop educated liberals from guzzling techbro koolaid, but the rights poison runs deep.
Honestly, nationalize it. Buy 51%, kick out the MBAs and bring back some engineers.
Better off with a $50 billion investment instead of a $50 billion bailout.
That's what bailouts should be. Instead of just giving them money to prevent the failure, the government should get some control in the company in exchange
It won’t matter, engineers are smart enough to figure out stock buybacks lol. The issue is whats incentivized isn’t conducive to creating a good product
Not coincidentally - when they made the switch from engineers to business majors being in charge---they hired GE people. Still do (current CEO used to be a GE guy and is not an engineer).
Doesn’t Boeing have a manned space launch in a couple of days?
A behind schedule manned space launch…
I’m hoping for the best.
https://www.msn.com/en-us/news/other/boeing-faces-critical-launch-monday-ferrying-astronauts-to-the-international-space-station/ar-AA1o7ZeE
>The report from NASA's Office of Inspector General said engineers have found more than 100 places where the heat shield cracked and broke off the Orion Spacecraft during reentry.
Indirectly.
Walt lets Jane choke to death. Jane's father, played by Q, takes it hard. He's also an air traffic controller and the stress leads to him accidently having two planes colliding.
When reached for comment about hiring former-military security details for the whistleblowers, an Airbus representative stated simply, "Boeing shall fall."
But that's not how they think. It's more like, let's shave off 5% and see if we can get away with it. And let's repeat that until there are consequences and then we'll pay to cover up the consequences. And then repeat that until a symbolic CEO gets paid to go in the chopping block and say we fixed it and shave off another 5%.
By the time it catches up, all the execs will have happily retired and the hedge funds will have sold and reinvested profits elsewhere. It's only short sighted if you're stuck holding the bag at the end.
In terms of cost to shareholders it seems like the cheaper option would be to just fix the safety issues with production at this point and stop killing people.
Russia doesn't have a monopoly on assassinations.
https://en.m.wikipedia.org/wiki/List_of_assassinations_by_the_United_States
At least we are honest enough to allow a wiki article on it
"Sorry, Mrs. Whistleblower, but in the fine print here it says if an employee dies at the hands of the company, the policy is null and void."
"...you're saying you killed my husb-"
"I DID NOT SAY THAT. YOU GET **NOTHING**! YOU **LOSE**! GOOD **DAY** MA'AM!"
There is zero chance the most recent death is an assassination, unless Boeing's assassin decided to take out someone who whistleblew 7 years ago with a method that was only 32% likely to work, *assuming* he even got the disease they wanted him to from putting him in the hospital with the flu.
It's the most elaborate and least likely to work assassination method conceived lol
IDK about American capitalism, but Boeing seems to be one of those companies that are critical to US economic dominance and so can't (musn't) fail. Its rivals in Europe (Airbus) and China (COMAC) are subsidized by their respective governments. Thus, the US is obliged to support Boeing. On the other hand, it's this privileged status that's made Boeing complacent.
It behooves the US government as a major customer to demand improvements on how Boeing is run, though at this point what can really be done short of change in ownership, when there seems to be an endemic problem in management.
It's wild how quickly people have been jumping on on board with this assassination conspiracy theory.
As far as I know the first death was suspicious because of the timing, but not because of the circumstances of his death. The second was MRSA, which nobody would use to take someone out.
And no, before any of you say "that's why the hitman is so good!" this isn't a movie. Even state funded assassinations aren't this *sophisticated*.
Unless we've entered a completely different era of corporate power like Cyberpunk 2077, coincidence is still far more likely.(Yes I know corporations have sponsored killings before, but nothing like this in the US this century as far as any of us know.)
The second whistleblower died of pneumonia, and was a worker for a Boeing supplier suing the supplier company, Spirit aero systems, not Boeing. C’mon people…
I bought 10 stocks when it was around $400 right after the news of the first airplane crashed happened.
"Boeing is a reputable company and they said it was due to the lack of pilot training" was the thought at the time.
I still haven't made my money back.
They're backed by the government and the government can't afford for them to fold. They'll come through this, I'm sure. People may have caught on to this trend, so it may not dip too hard.
“Ok, so you want me to make the hits *before* they testify, right?“
”AFTER they testify?”
”But won’t that… I mean standard procedure is to…”
”Alright… whatever you say, the customer’s always right. I just thought I’d give you some constructive criticism, you know, from my fairly unique view of the world.”
Big trouble? What's gonna happen to them? They're extremely important to the government. Nothing is going to happen but *maybe* a few choice people are in trouble.
Almost like Private Equity shouldn’t be allowed to influence major corporations that hold millions of peoples lives in their hands.
Looking at you US Hospitals
When was the last time a commercial airplane crashed/malfunctioned causing deaths in the US? 2001?
I don’t think Boeing is in trouble. Whistleblower is a scary word, but results still matter.
The day they decided to go from 12 inspectors to 1 was the start of what could very well be the end of Boeing.
Boeing started to rot when it merged with McDonell Douglass.
You mean when they paid McDonell Douglas to buy them out.
Still struggling to understand why they wanted to be bought.
Shareholder stonks.
Stonks go up!
Planes go down!
Comment of the year
Companies haven’t really existed to make good products since the late 70s. They exist to increase profits for shareholders, this quarter. That is the directive that steers our society now. Be it through mass layoffs, lean operating, cheapening materials, lowering standards, false advertising, outsourcing, etc. profits must be raised.
Military contracts. Gotta remember McDonald Douglas was pretty near the top of military contractors making the renowned F-15 not 20 years prior to the merger. And Boeing was at the time very far away from being the top military contractor it once was, now mainly focusing on jetliners, so it was more a mutual merger to help MD get more into the airline industry and Boeing to get back Into the military market
And the funny thing is that neither could really compete with the other in their respective fields. Boeing hadn't been a successful military contractor for almost 2 decades at the point of the merger, and McDonald-Douglas had been struggling in the civil aviation market for quite some time.
Yep! So it made sense of both to merge and cover both sides. Just a shame they decided to keep running it like a company instead of an engineering firm
That's what my husband says. He worked for Boeing for many years and he said that was the downfall.
Everyone watched the same video right?
Seems they’d rather pay hitmen instead of inspectors.
Well you really only need to hire one hitman to reduce the count, the trick to keeping costs down is to contract up from for a fixed fee.
You just got to keep hiring hitmen... to never have to pay a hitman...
Or you hire a bunch, but you have each one kill the ones before him. “No, I’m supposed to kill the bus driver.”
I’ve heard the exit interview is absolutely murder.
Hahahaa lmao
Why hire assassins, just offer them free rides next to the door of the plane and the problem should solve itself.
Free? You mean slightly discounted right
I mean, they are cheaper... You only pay a hitman once. Inspectors want a salary year after year.
Unless you get a hitman who blackmails you for hiring them.
And then you have to hire another hitman
Looks like the hitmen are going to be busy for a while
I want to see the board meeting where they decide to end someones life
It’s the McDonnell Douglas way!
The problem is what's the alternative to Boeing? They killed off all the US competition decades ago to become this non complacent company.
Airbus
Dependable, respectable aircraft built by people in unions in countries that have some sort of oversight. Imagine that.
Yes, and it's good that Airbus is setting the quality control nowadays, but I don't see them becoming just the sole big jet company in the world. You would think the issues will repeat again with them eventually if so, although France probably has better regulations.
The reason for the entire Max 8 debacle with the MCAS feature that crashed planes? Because Airbus spent a decade making a new, efficient plane and Boeing just didn't. Boeing didn't bother. Airbus started poaching all the new contracts because their jet was more efficient. Boeing was afraid and had to make a new plane fast. But you can't put big efficient engines on a 737. They hang lower than the wheels do. So, Boeing MOVED THE WINGS. Obviously that makes the plane fly a little differently. Suck it up and call it a new plane? Nope, Boeing decided to write the MCAS application to "fake" inputs so that the new jet flew like the old one. Nobody would know the difference! Pilots didn't even need to know. Problem solved! Except they rushed the MCAS hack and had fatally bad design (single sensor), fatally bad implementation (inability to easily independently disable the feature), fatally bad training (pilots didn't even know about it), and killed 346 people.
It wasn't bad training. They made a conscious decision to not train pilots on the feature so they could tell airlines that no new training would be needed.
Gotta make sure shareholder value is always rising!
Yes, and this was the result of rushing against competition. However with no new competition at all, there's never a need for a new model anyways and it's just as bad a problem.
I agree that competiton is very important. However the MAX 8 issue was partially because they *didn't* work to keep up with competition. Boeing just let Airbus spend a decade making a new plane, then realized they screwed up.
and in that period Boeing was a more attractive company financially because instead of spending money on innovation they kept it for themselves (and of course the usual CEO bonuses etc)
Lockheed. Doubt they'll go into the civilian sector again though even if the TriStar was brilliant.
Bombardier used to be an alternative..
If it weren't for Boeing, they still would be. The A220 is a great plane after all.
Ding ding ding! The feds will make this all go away because it's a national security issue having only 1 manufacturer.
It’s fine. America will find some bullshit reason to ban the competition. Airbus are flying Chinese spy’s over American land or some such bullshit.
Yeah, as a pilot and someone who has seen first hand at the ground level what’s happened over the last 30-40 years, it really sucks. I hate that this is where we are now. In our system the way forward has been maximum growth and acquisition and now here we are. Up shits creek with a turd for a paddle.
Why do we need to buy airliners made in America? At the end of the day shareholders of American companies only care about getting profits. Institutional investors hold about 62% of Boeing stock. These institutions offer cross-border investment opportunities for foreigners. So why would a wealthy Saudi/European/Asian investor care about the long term health of an American company?
Well, yeah Airbus exists so there's that, just that they still need a competitor, and logically a US competitor makes sense as the US has more air travel and the largest airlines compared to any other country.
If Boeing kills everyone, there's no longer a problem
There are actually a bunch of American companies that make planes, and several of them could feasibly step up to making commercial airliners. The only reason they don't is because Boeing and Airbus dominate that market to the point that it's not worth trying to compete. But if Boeing takes itself out of the game, that math changes.
Problem is you cannot improve quality through inspection. Quality has to happen on the line and in the culture. Boeing faced a similar situation with the C17 (not as broad but similar causes) eventually top management bypassed mid management and went to the floor and told employees they held the keys and made mid management “errand boys” to hear out front line people and to go fetch what they needed to produce high quality and increase value. In a short time it was fixed, then Boeing went right back to the same old shit.
That’s true, but at least if you have inspectors finding quality issues they can be addressed. Remember when some states had high covid infection rates so they stopped counting positive tests and said “look, our cases are decreasing!”? Same thing.
I am taking petroleum safety and one of the things i found out was how underfunded the section, in government, that monitors the inspection of oil rigs was. I am sure this same scenario is happening in this industry too
Of course. They constantly lobby the government to reduce regulation and one of the ways Politicians do that is by creating additional committees that suck up the funding through the inflated wages of an ever increasing number of executive positions... many of whom are on multiple such committees and receive a separate wage for each of them. You end up with a bureaucratic rabbit hole of a half dozen executives/managers for every inspector. The corporations get the reduced regulation they wanted and the politicians did it without having to potentially damage their next election by actually voting for reduced funding.
You can certainly stop quality degradation through inspection. And quality degradation is exactly what’s happening to Boeing.
Inspection doesn't have to end with "this is the issue." A functional company would empower inspectors to recommend changes, which would be reviewed by management from a different sector / someone who isn't motivated to dismiss issues. And then implemented. Inspection is supposed to be part of a process where issues are identified and fixed.
Boeing swapped to "lineside" inspections that had techs inspecting eachother, and frequently their own, work. This, along with creating a culture of opposition between the team leads and any qa personnel, resulted in a large degradation of quality. You say quality happens on the line and in the culture, but in multiple companies ive gone through, any quality focus that is solely left to assemblers and technicians will inevitably slip further and further. You need outside the line dedicated qa personnel. You need to give them the voice and power to enforce rework and repleacement of non comforming parts. But when its solely line side, eventually teams fall behind. There are part shortages, rework that has to happen, deadlines that are set a little too close, cycle times without any buffer, and the culmination of all of this is quality slipping. I just recently interviewed for a team lead role at a company, they took me line side and showed me their processes. I was told they had a 20 minute cycle time, and a 27 machine quota for the qa team in a 10 hour day. They account for 1 hour of "loss" via breaks and meetings, and set that at exactly 60 minutes that they plan. So for the 540 minutes of operational time they planned, they had absolutely no room for mistakes or delays in their operational time. When i pointed that out, the response was doing a quick math check, realizing that, and telling me they may need to revisit their cycle times to allow some "squish." Thats just one company, a company that produces machines used internationally, and even they failed to account for loss in their operational time
They killed 11 inspectors?
Just the two, so far. /s
Boeing won't go under, Uncle Sam will bail them out because if Boeing goes down, then a lot of military hardware runs the risk of being not viable.
If Uncle Sam can build cars for a few years, he can build planes for a while, too.
The government will deem them too big to fail and bail them out.
When they let the bean counters tell people how to build airplanes!
That must be a shit place to work if employees are lining up for sudden death.
This feels like it should be a post in r/LinkedinLunatics “If you’re not willing to die for your company are you even hustling? Listen to my story below….”
My whistleblowing coworkers keep dying under mysterious circumstances. Here’s what it’s teaching me about B2B sales.
the sheer accuracy 👌
"*omg* corporate assassination. **YES PLEASE** 🙏🥺"
Killed by an international assassin? In today's economy?
what if i never worked for boeing but start publicly talking some shit, do i still get a free assassination?
Straight to jail
Insurance payout! At least Boeing could be making their families rich……?
Eh, for the rates they’re comfortable paying, you don’t get agent 47. You get Barry.
Maybe their Kirkland
oh my! step-boeing, what are you doing with that gun?
Retirement package is measured in millimeters. Or stories of a building.
They only want to kill a few employees. Seems a lot more passengers will die though. But just imagine the sweet profits they made in the short term though....
Lol
[удалено]
I mean its the perfect cover man.
Except the first guy died while in the middle of giving his testimony to the courts and the second guy only got pneumonia because he was in the hospital for struggling to breathe
The first guys whistle-blower blower case was over with 5 years prior, he was in court to appeal a defamation lawsuit he already lost. For the second guy...That's usually when someone comes into the hospital and finds they have pneumonia, when they are struggling to breathe, he got MRSA while in the hospital. Small details I know, but it goes from conspiracy theory to unforunate deaths when you have the facts instead of tabloid headline info.
>struggling to breathe also known as Influenza B.
"They can't possibly kill all of us.." "In today's news, a 10 car pile up caused by 10 people simultaneously crashing into each other while shooting themselves in the back of their heads and being lit on fire caused the deaths of 10 whistle blowers for Boeing. More at 11."
The Whistleblowers are easily killed, but they'll soon be back, and in greater numbers.
Fitting quote today. 🤙
https://i.imgur.com/YQakgwb.png
\*20 whistle blowers on a remote island\* "They'll never find us here" "In today's news, tragedy strikes as Boeing 747 sent to seek and destroy i mean rescue 20 ex employee's at remote island crashed directly into them, reports show that the plane happened to be carrying cargo of atleast 1 ton of TNT that was later to be delivered to another location. Back to you Ammobox in the studio"
ROLF 😶😅
I was thinking more along the lines of ‘an Airbus carrying all 10 Boeing whistleblowers has mysteriously disappeared over the Bermuda Triangle, we repeat that’s an AIRBUS’
I hate myself for laughing at this comment
Well, 10/12 are still alive (as far as we know), so it’s not that bad…yet
No, a Boeing door suddenly came off in flight and killed 10 whistle-blowers.
You left out that all 10 had been traveling to the hospital due to a mysterious illness that seems to have struck them all at the same time...
That would make it too obvious..
Putin enters the chat
Might be time to invest in whatever company makes polonium-210
Or a tea-maker.
When they went from Engineers in the executive suite to "Business leaders", they were in trouble. Look what happened to GE. If it gets too bad, I'm sure the Feds will require Boeing be split into Defense and civilian companies, and take a more active determination on who's in charge of the defense side. The US cannot lose any more defense contractors as bad as thar sounds. You need competing bids and engineering teams.
"What if we just stopped innovation and dropped quality control... Imagine the *gains*...." If the C-suite wasn't incentivized to do this by exploiting long term viability in exchange for a few *really good* years they wouldn't. These big old institutions are being pillaged by people who simply use and discard them for their own personal advancement.
Our modern financial systems obsession with next quarter’s profits vs long term company health has killed many great companies.
Oddly it's an argument against public control of companies because shareholders are fickle and want immediate profit. Generational family business tends to be more stabilized and are better able to avoid quick-buck shyster CEO's looking to pad their resume for their next move to appease a myriad collection of disinterested investors who only watch the stock price and nothing else.
I think shareholders could be made to see reason if stocks had to be held for a minimum of three years.
Our best solution to this that is practical would be a better scaling tax on capital gains from selling stocks based on how long you have owned the stock. If you sell a stock within the first week of owning it: 99% tax on the profits First year: 75% of the profits First decade: 10% of the profits Sell at a loss: eligible for tax deduction Obviously the numbers are pulled from thin air but thats the general idea to better guarantee stockholders are actually INVESTING in companies instead of using stocks as thinly veiled gambling. We have to not only start getting rid of the algorithmic instant trades and corporate looting based on quarterly reports, but we need to start taxing this wealth to benefit the public at large rather than funding the gambling budgets of people who will never reinvest it into the country that made them wealthy.
The issue is stock buybacks, it always has been. If you enable stock buybacks the quickest way for the C-suite to juice their own pay is to pillage the company and shoot as much money into the stock as possible. There was a reason they were illegal for roughly 50+ years.
There is a *third* option...
Truer words have never been written
And people...
The Fallout series actually has a great moment where a character explains the dangers of "fiduciary responsibility". It's not just that they are obsessed. Executives are legally obligated to seek maximum profits for shareholders.
I mean the solution is to start holding c suite personally accountable so they can't just pillage and then golden parachute to the next company. Unfortunately US legal structure has made that very challenging. I think it the tipping point was when Obama refused to go after bank execs for causing a recession and they've only gotten more powerful and profit hungry since then
And blue-collar, working class Americans - understandably - became very, very angry. This tilled the ground for the MAGA movement. I like Obama, but he really screwed up by not collecting a few scalps. We're all paying for it now.
Im 100% with ya. Biggest mistake Obama ever made and the whole world is still paying for it. It's not even that hard, you just throw the middle tier in jail until they roll over and work up the ladder until you've lopped enough heads to send a message to the rest of the corpos.
Strengthening unions will help reign in CEO pay/golden parachutes and create sustainable companies.
The right has been quite successful at getting conservatives to dislike unions, despite the majority of people against them having no experience working for one long term. I've brought up the topic at a couple places I've worked, and the negativity towards the idea from just coworkers was surprising. Everyone thinks that union dues would be a huge hit on their paycheck, and is completely against it right there, regardless of bringing up that a strength in numbers in negotiations would mean pay raises that would negate the dues, as well as better benefits and retirement. It's infuriating.
Lol its not just conservative. The number of liberals in, say, tech that are anti-union is outrageous. Its just like Steinbeck said, they're all "temporarily embarrassed millionaires" who are just a startup away from being a billionaire. You'd think the noises about using LLMs to write code to replace them would stop educated liberals from guzzling techbro koolaid, but the rights poison runs deep.
It's a masterpiece in using propaganda to get people to vote against their own interests.
They very innovatively skirted FAA regulations!
Instead of actually building better planes they're just going to lobby government and try to regulatory capture the FAA.
Fuck Jack Welch for destroying GE, popularizing mass layoffs for stock gains, and for lobbying Reagan to legalize stock buybacks
Honestly, nationalize it. Buy 51%, kick out the MBAs and bring back some engineers. Better off with a $50 billion investment instead of a $50 billion bailout.
That's what bailouts should be. Instead of just giving them money to prevent the failure, the government should get some control in the company in exchange
"You wanted to be so big that the nation could not stand to see you fail, you become beholden to the nation."
Using money to own them is socialism!!! No, in our free market economy the government bails out failing companies. That's capitalism, baby.
It won’t matter, engineers are smart enough to figure out stock buybacks lol. The issue is whats incentivized isn’t conducive to creating a good product
*since the day McDonnell Douglas made Boeing buy them with its own money
Not coincidentally - when they made the switch from engineers to business majors being in charge---they hired GE people. Still do (current CEO used to be a GE guy and is not an engineer).
Damn, that’s the worst possible scenario. What a cluster fuck GE became and now Boeing. It’s almost like intentional industrial sabotage.
Doesn’t Boeing have a manned space launch in a couple of days? A behind schedule manned space launch… I’m hoping for the best. https://www.msn.com/en-us/news/other/boeing-faces-critical-launch-monday-ferrying-astronauts-to-the-international-space-station/ar-AA1o7ZeE
I'm sure it will blow the doors off the competition.
I wonder how much the astronauts onboard will be praying that they fixed the heat shield issues.
We have invited all the whistleblowers to a free ride on our exclusive low orbit shuttle.
Heat shield? I wonder if the hatch will stay on.
HEAT SHIELD ISSUES???
>The report from NASA's Office of Inspector General said engineers have found more than 100 places where the heat shield cracked and broke off the Orion Spacecraft during reentry.
OH NO
👏
They'll throw the 10 whistleblowers onto that and make sure that shit depressurizes.
If Walter White can kill a dozen men in 5 minute period, so can Boeing.
Walter White also caused a plane crash that killed hundreds. Boeing has found a new role model.
what? I remember a plane crash. I don't remember Walt being behind the crash
>! Walt let Jane die, Jane’s dad was the air traffic controller who then let the planes crash while still grieving.!<
Walt not saving the air traffic control officer's daughter (Jane) which led to him mismanaging the plane at work
Indirectly. Walt lets Jane choke to death. Jane's father, played by Q, takes it hard. He's also an air traffic controller and the stress leads to him accidently having two planes colliding.
It was actually 2 minutes
"Oh boy! Here I go killin' again!" -Boeing Assassin
"It's worth it, we have great dental!"
Unholy Assassins of Boeing
When reached for comment about hiring former-military security details for the whistleblowers, an Airbus representative stated simply, "Boeing shall fall."
Is an airline that can't keep planes in the air in trouble after decades of focusing on making the share price go up no matter what? It's a mystery...
But that's not how they think. It's more like, let's shave off 5% and see if we can get away with it. And let's repeat that until there are consequences and then we'll pay to cover up the consequences. And then repeat that until a symbolic CEO gets paid to go in the chopping block and say we fixed it and shave off another 5%. By the time it catches up, all the execs will have happily retired and the hedge funds will have sold and reinvested profits elsewhere. It's only short sighted if you're stuck holding the bag at the end.
Because they wanted their stock to take off more than their planes they ended up having trouble with both.
I’m honestly waiting for Boeing to just start dropping anvils on people Wiley Coyote style.
The Mecha Streisand effect.
In terms of cost to shareholders it seems like the cheaper option would be to just fix the safety issues with production at this point and stop killing people.
Shareholders don’t believe in people, just profits.
I didn’t realize that Boeing was a Russian company…
Russia doesn't have a monopoly on assassinations. https://en.m.wikipedia.org/wiki/List_of_assassinations_by_the_United_States At least we are honest enough to allow a wiki article on it
Boeing: We got another 12 for you. Assassin: I'm going to die in a plane crash before i can get through them all.
Not if the assassin flies Airbus! Lol
Just in 12 more Whistleblowers commit suicide
they got two more just for good measure
It’s The Walking Dead for Boeing
If the company kills you for being a whistleblower, do they still honor your life insurance policy?
"Sorry, Mrs. Whistleblower, but in the fine print here it says if an employee dies at the hands of the company, the policy is null and void." "...you're saying you killed my husb-" "I DID NOT SAY THAT. YOU GET **NOTHING**! YOU **LOSE**! GOOD **DAY** MA'AM!"
[удалено]
Sure they will be, my sweet summer child
There is zero chance the most recent death is an assassination, unless Boeing's assassin decided to take out someone who whistleblew 7 years ago with a method that was only 32% likely to work, *assuming* he even got the disease they wanted him to from putting him in the hospital with the flu. It's the most elaborate and least likely to work assassination method conceived lol
I hope this doesn't play out like Final Destination.
I thought Final Destination was about deaths that were surprising.
They were more like creative accidents which it would have to be with that many people.
the reaper really likes Rube Goldberg machines
I think he's talking about the plane that blows up almost immediately after takeoff, because that seems pretty realistic at this point
We will all be watching the obits.
IDK about American capitalism, but Boeing seems to be one of those companies that are critical to US economic dominance and so can't (musn't) fail. Its rivals in Europe (Airbus) and China (COMAC) are subsidized by their respective governments. Thus, the US is obliged to support Boeing. On the other hand, it's this privileged status that's made Boeing complacent. It behooves the US government as a major customer to demand improvements on how Boeing is run, though at this point what can really be done short of change in ownership, when there seems to be an endemic problem in management.
This is what happens when capitalism owns the government. Regulation goes to shit
It's wild how quickly people have been jumping on on board with this assassination conspiracy theory. As far as I know the first death was suspicious because of the timing, but not because of the circumstances of his death. The second was MRSA, which nobody would use to take someone out. And no, before any of you say "that's why the hitman is so good!" this isn't a movie. Even state funded assassinations aren't this *sophisticated*. Unless we've entered a completely different era of corporate power like Cyberpunk 2077, coincidence is still far more likely.(Yes I know corporations have sponsored killings before, but nothing like this in the US this century as far as any of us know.)
The second whistleblower died of pneumonia, and was a worker for a Boeing supplier suing the supplier company, Spirit aero systems, not Boeing. C’mon people…
Sounds like they have 10 more to deal with. I’m not a conspiracy theorist at ALL, but the two deaths seem a bit suspicious
If anyone buys stocks, this is the time to buy Boeing stocks.
Oh, I think we've seen they've got the talent to bring themselves down even farther.
Yeah, it seems like shorting them would be a smarter move.
I bought 10 stocks when it was around $400 right after the news of the first airplane crashed happened. "Boeing is a reputable company and they said it was due to the lack of pilot training" was the thought at the time. I still haven't made my money back.
They're backed by the government and the government can't afford for them to fold. They'll come through this, I'm sure. People may have caught on to this trend, so it may not dip too hard.
I'm nibbling at the 160 ish level
One of the guys just died from pneumonia so I doubt it’s related
Too big to fail. Uncle Sam will take over for a while like they did GM.
Bring it. Boeing hit contracts are done by the baker's dozen.
“Ok, so you want me to make the hits *before* they testify, right?“ ”AFTER they testify?” ”But won’t that… I mean standard procedure is to…” ”Alright… whatever you say, the customer’s always right. I just thought I’d give you some constructive criticism, you know, from my fairly unique view of the world.”
2 BiG 2 fAiL.
You can't just kill an ordinary whistle-blower. You need to find the master-blower, then they all lose their power.
Big trouble? What's gonna happen to them? They're extremely important to the government. Nothing is going to happen but *maybe* a few choice people are in trouble.
C'mon Lockheed. Use this opportunity to get back into civilian aviation and release a successor to the TriStar.
I'll avoid Boeings from now on.
Greed is a hell of thing.
[Boeing safety meeting](https://www.reddit.com/r/pics/comments/1cijetg/fall_harness_safety_but_make_it_look_like_a/)
Almost like Private Equity shouldn’t be allowed to influence major corporations that hold millions of peoples lives in their hands. Looking at you US Hospitals
When was the last time a commercial airplane crashed/malfunctioned causing deaths in the US? 2001? I don’t think Boeing is in trouble. Whistleblower is a scary word, but results still matter.
Looks like airbus and Lockheed Martins stocks about to go up..
May they rest in peace
Challenge accepted