Australia's largest stock trading and investment forum Australia's #1 stock forum

Boeing on the rocks, page-20

First 20 Last

Share
Profile

Follow
kingpins

25,390 Posts.

29

22/03/24

23:22

Post #: 73021847
Share

Originally posted by kingpins ↑

There are other aspects to the story as well eg

Boeing's downfall began with its merger with the failing McDonnell Douglas, one forced on it by the US government as part of the 1990s consolidation of the defense industrial base. Boeing was a company run by engineers. McDonnell Douglas was run by financiers.22 Feb 2024

From Forbes
That question demands an answer. Fixing the problems at Boeing, however, goes far beyond safety. Boeing plays a critical but not widely understood role in the American economy. America needs Boeing to succeed.

Boeing’s troubles are in the center of the public eye now, but it’s been in crisis for years. In 2014, I wrote about how Boeing's Wall Street-driven focus on outsourcing and cost-cutting was crippling its manufacturing capabilities and destroying its historic culture of engineering excellence. The result was battery fires, massive delays, and cost overruns in the 787 Dreamliner program. Rather than make bold investments in innovative aircraft as it had in the past, Boeing cut costs to please investors

https://www.forbes.com/sites/gautam...ica-needs-boeing-to-be-great/?sh=49bf1ed9630e

There needs to be a clear definition in all things between the pen pushers and the people who actually do the work who need to be the ones making the decisions

Look what happens when politicians interfere with defense and army operations

Expand

EG

Look at what happened when the Doctors were removed from the Australia's TGA and left the bureaucrats in charge
3 Upvote

Reply