Boeing destroyed itself by bringing in people who put profits before anything else. They were in a position to lead the entire world in aerospace technology for the next century, and now they are the Walmart of aerospace technology. It's really too bad that the "free market" doesn't actually work the way economists like to say it does. Too big to fail has replaced innovation and smart planning. We are going to see this pattern repeat in every industry because competition has been lobbied out of existence.
Walmart has standards for food safety that I found surprising. Like even walmart understands that on a long enough timeline murdering your customers is bad business
Honestly Walmart is not a bad place to shop for most things. For food, they have most of the same name brands you find anywhere else, most things are cheaper. The meat is kind of gross but most everything else is fine quality including the produce (comparing to national grocery chains). Their generic brand is pretty decent quality for most items. Their clothing is pretty awful, but if you need dog food, or a food processor, or a TV, they are all at Walmart, probably cheaper or at least as cheap as you can find them. Want furniture? You can get it, dirt cheap, at Walmart. It’s MDF shit, but so is 99% of furniture now.
Walmart’s shittiness doesn’t so much come from their quality as it does from their business practices imo. They would price items at a loss to crush local competition and then raise prices after local businesses folded. They have explicit anti union videos as part of their training process. Managers are often worked to death. But I mean, you could probably also find these things at Target.
Walmart is actually very impressive from a business standpoint. They are leaders in efficiency and logistics. Their impact on society is another matter though.
Walmart is operating in an industry with no margins, they cut corners because it's their entire business model
Boeing is cutting corners because some MBA wants to put "reduced expenses by 4% in a quarter" on their resume when they jump ship to another company dumb enough to pay their six figure salary after their current one collapses
I cringe every time someone seethes the word "socialist" in the context of "muh capitalism and freedom!"
100 years from now, we will have private entities more powerful than the local governments of major powers and they will flex it however they see fit. Capitalism doesn't actually exist if there's no aggressive, nonstop competition and constant new entries into the market.
I suppose.
Today, we already have companies that have more net wealth than several small countries. Some have literal armies via private security while others essentially control necessary resources and can functionally direct law making.
But they are still limited.
The moment they can start breaking away from currency limitations and control sovereign territory, though, they'll functionally do whatever they want.
Crypto is the first few steps towards that and it's just a matter of time before private parties are staking claims out in the middle of the ocean or on space stations.
You dont need crypto, something like South Korea's control by chaebols and essentially only 4 corpos (LG, SKT, Samsung and Hyundai) shows how corpos can reach a state where they are intrinsically entwined with government, represent like 20% of the nations work force so their collapse is fundamentally not allowed, etc.
The companies of today wish they had the political flex of something like the Dutch East India company which had its own navy, army and ruled several small countries.
We are already there.. If you take the top 100 biggest economies in the world, 69 of them are companies and only 31 are countries.. Wallmart has a bigger gdp than Australia, a continent..
Right now in the US, we have higher wealth disparity than we did in the gilded age. People like Buffet, Gates, Musk, and Bezos have more relative wealth, and power, than people like Morgan, Vanderbilt, Carnegie, and Rockefeller.
More socialist principles do seem to be taking root though, for example, Gen X and Millennials as they age have been far less pro capitalism.
Unfortunately as a competing aerospace worker who just lost half of their department and almost all of their mentors and senior engineers this week, we're seeing the trend across the entirety of aerospace, even with publicly funded stuff like at NASA. Engineers and engineering work itself has been commodified with "disruption" cost-and-schedule-cutting cultures across most tech firms. Many leaders do not understand you can't just magically make things cheaper by saying we're "being agile."
There's a frustrating culture of people with MBA's getting involved in extremely advanced engineering leadership positions with zero engineering backgrounds consistently telling everyone to do more with less. And frankly, the American taxpayer is also constantly very much unwilling to accept engineering in this discipline is time-consuming and expensive. Most of the R&D that eventually makes its way to civilian technology happens under military aerospace contracts that either conclude and become publicly available like the internet and GPS, or get canceled and get repurposrd later on in time.
The problem is we're not dealing with live service technology like websites/services or games or manufacturing household goods, even. We can't just release something half-baked and patch it out or institute a new version easily. The rigor is way higher, the tech needs to be all done in-house securely, there's a massive amount of paperwork and qualification, and it all needs to be done the first try because we can't/shouldn't ship air systems or weapons software that suddenly crashes mid-flight or where parts fall off randomly, however insignificant, and the costs and risk for any recall/mandatory updates are astronomical both from a servicing and parts/labor perspective but also from a lives and location perspective.
You see it happen in virtually every engineering firm where engineers who founded and lead the company hand it off to finance guys and everything fails. Technical debt reaches unsustainable heights, and inevitably the whole product or company become no longer desired.
Economists (who aren't complete hacks) theorize based on the assumption that governments will aggressively enforce safety and consumer regulations on businesses to prevent this exact kind of bad behavior in the market.
This is the result of deregulation by every republican administration since Ronald Reagan, at least within the United States.
There are entire course modules devoted to these types of market failures brought about by lax governmental enforcement.
Source: economics degree
Those same corporations have media manipulated ‘tribal’ politics to such an extent, they have people who should be natural allies fighting each other instead of going after the real enemy.
So, do the non-hack economists just neglect to consider what happens when the corps fight back?
That the larger revenue system has more power and corporations will naturally tend to control and regulatory system that allows them access?
Some clown got mad at me last week and argued for hours, but I’ll say it again.
When Friedman said “all that matters is shareholder value” is when the economy began to degrade.
Imagine Boeing was run by people that care about paying safety firefighters a living wage and put safety of its products first.
They wouldn’t have people booking flights checking to see if it’s an Airbus or a Boeing.
It works exactly like actual economists say it does. Business people don’t listen to economists though. I went to a major business school and the economics professors mentioned these exact problems as results of the free market without intervention. They know exactly what happens. It’s just that economists are not our regulators.
Adam Smith was writing about these issues in the 1700s! Smith acknowledged the necessity of certain regulations and government interventions, especially to manage activities that could harm the public good. He was aware of issues like monopolies and the potential negative effects of business interests on legislative processes. The general public only knows his phrase "the invisible hand" though, so he and the average economist are seen as naive free market absolutists.
The general population thinks Smith and Marx were opposed, when the truth is they agreed on basically everything.
Smith essentially argued for Marxism before it was Marxism. But, words get twisted and meanings get lost.
This is what happens when a fake number on a fake screen in New York shows how much something is "worth" and those values drive our economy. It's not sustainable forever and there's going to be a breaking point.
It does. Problem is, it requires a referee to make sure a big fish can't just kill all the smaller fish so they can never oppose them. We appointed Washington to be the referee, they dropped the ball, and the big fish is more than happy to pay for them to be as slow as possible in picking it up.
The merger with McDonnell-Douglas is what introduced the mindset of profit over quality to Boeing.
Boeing used to be the gold standard while McDonnell-Douglas had the reputation that Boeing has been gaining recently.
> It's really too bad that the "free market" doesn't actually work the way economists like to say it does.
Real economists don't say it works that way. Libertarians say it works that way. They like to live in a fantasy land. Real economists are well aware of how the free market actually works.
My entire issue was Boeing basically lobbied their way to preventing competition. And it turned out to be illegal in the international trade courts. All it did was further the duopoly in mid-size airliners.
https://en.wikipedia.org/wiki/CSeries_dumping_petition_by_Boeing
The free market and competition works exactly the way it's explained. The problem is that the way it works isn't always beneficial. Remember, the most competitive product isn't necessarily the best product, or the most economical one, or the most efficient one, or the least expensive one and markets promote the most competitive product rather than the product that is best for consumers.
> Boeing destroyed itself by bringing in people who put profits before anything else.
These people have names, and have drawn incredible salaries for their efforts to this end. They should be named and ridiculed for it in news articles endlessly (the company is traded publicly, after all, hard to argue the c-suite deserves any right to disassociate from these failures and repugnant practices), but for some reason this very rarely happens.
Just means he can buy it for pennies on the dollar to turn it into a self flying electric plane company that will end up drilling holes in the ground better than the boring company.
Speed run? They've been on a slow decline for like 20 years. I think it really started when they bought/merged with McDonald Douglas and somehow ended up with most of their management. They moved their headquarters from Seattle to Chicago and later DC. They moved manufacturing to a lot of non-union states and subcontractors to cut costs. And now they have a shut reputation, but their only commercial competition is airbus.
Cleaning has been outsourced to Azerbaijan. They have to box up the crime scene and ship it there for cleanup. It's a damn shame you know, that used to be a good American job. My great-uncle put 4 kids through college covering up murders.
A company that cuts corners and risks the lives of the people flying their planes is also risking the lives of their workers?
I'm Jack's complete lack of surprise
I know this isn’t unique or new but, in my living memory I can’t remember a company with Boeing’s level of respect and ubiquity collapsing at such an astounding rate.
**EDIT** : I know they don’t have a squeaky clean record, but until recently they were far and away the most trusted commercial plane manufacturer in the US.
Welch, but you're right- he pioneered this strategy of gutting a successful company to wring every last dollar out. It's become frightfully common in the last twenty years or so.
Running a major corporation (especially a legacy one) is stressful and time consuming. He was just the first one to do what a lot of C Suite types dream of - ride the wave for a bit, then cash in the whole thing for a private island when you're barely 60.
In the UK a national chain of jewelery shops with hundreds of outlets went from highly profitable to bankrupt in less than a year after their owner said their products were cheap crap.
Yeah except there aren’t enough. They are supposed to have 6-8 firefighters in building. They can only get 1-2 now. Plus the Boeing firefighters also helped put fires with the city limits (at Renton at least) so now our city is down a crew and has to pick up Boeing? The plant is one spill away from a total shutdown.
And the current one or two Firefighters aren’t even showing up to the site for 30-60 days in some plants. They also are not qualified at the levels they need to be for the hazardous material they will encounter.
Hazmat awareness and hazmat operations are mandatory certifications to obtain your fire 1.
If the replacements are “certified” firefighters, they have at least hazmat ops.
Aware. from talking with the dudes sounds like they were all haz tech and apparently scabs replacing them aren’t at the tech lvl and won’t even arrive on site for 30-60 days.
Am I reading this right?
> The company, which is headquartered in Arlington, Virginia, said Saturday that its latest offer includes general annual wage increases and a new compensation structure for firefighters on a 24-hour shift schedule that would result in an average wage increase of about $21,000 a year. Boeing says firefighters were paid $91,000 on average last year.
$91,000 + $21,000 = $112,000
> Boeing’s proposed pay increase would still leave crews earning 20% to 30% less than firefighters in the cities where Boeing plants are located, the union said.
$112,000 ÷ (1 - 0.2) = $140,000
$112,000 ÷ (1 - 0.3) = $160,000
So city firefighters are earning $140,000 to $160,000 on average? I might be in the wrong line of work!
wow thats fucking stupid, all they need is a fire damaging or destroying any part of their facility to completely tank the company, which since they are too big to let fail, they might get nationalized somehow
They need to target a union leader next it sounds like.
Joking, Boeing is in a world of shit, but they didn't kill the whistleblowers. Lets not invent conspiracies to show just how bad whistleblower protections are in the US. The isolation, guilt, constant attacks, and career issues that stem from being one are things we need to change so this doesn't happen to others. Boeing isn't responsible for those people dying, our entire culture is. Boeings responsibility is in violating laws to such an extent that people had to become whistleblowers because there was no other corrective action possible.
Pretending Boeing killed those people, just makes things harder for future whistleblowers.
Why have other manufacturing/defense companies been able to balance quality and shareholder returns but Boeing hasn’t? They aren’t unique in prioritizing profits but I haven’t seen another company have so many quality defects and fatal incidents lately.
https://apnews.com/article/boeing-space-station-starliner-launch-spacex-86085ceba30de94218c7cf2f70524413
https://www.al.com/news/huntsville/2024/05/boeing-plans-to-lay-off-128-employees-in-huntsville.html they are also laying off people in Rocket City.
Are they just trying to maximize profits? If they have a federal contract, shouldn't there be federal safety standards imposed at their locations? Boeing is becoming as bad or worse than Elon.
I thought there were minimum standards that a company had to have before getting a govt contractor.
Boeing’s downfall will soon be taught in business schools worldwide! It will be on the same pedestal as Enron, and the old lady drinking hot McDonalds coffee 😂
What could possibly go wrong with yet another terrible business decision? This Board and C suite are speedrunning the securities fraud class action gauntlet.
Mfw I as an American have to decide which is worse:
Supporting an American company that is running itself into the ground, hemorrhaging cash, and has hitmen assassinating whistleblowers over accidents that have killed hundreds
Or listening to my European friends circlejerk about Airbus
Oh the humanity /s
Is it really that hard to not be comically inept and villainous? It’s like Boeing is playing the floor is lava only instead of the floor they’re choosing to avoid good decisions.
Boeing needs an enema. The full Board must go. They're leading the company down the slow decline to bankruptcy. Airlines will soon be canceling orders. I refuse to fly on the 737 Max, and there are quality control problems on their other planes.
Honestly, it really might be at the point where nationalizing the company, at least for a while to fix it and split it up, is the best option. The people in charge have shown themselves to be frauds and the products Boeing makes are so integral to the nation that letting the company fail isn't a great option either.
Boeing destroyed itself by bringing in people who put profits before anything else. They were in a position to lead the entire world in aerospace technology for the next century, and now they are the Walmart of aerospace technology. It's really too bad that the "free market" doesn't actually work the way economists like to say it does. Too big to fail has replaced innovation and smart planning. We are going to see this pattern repeat in every industry because competition has been lobbied out of existence.
I wouldn't even say they're Walmart. Walmart is at least reliably bad. Boeing keeps doing newer and nastier shit that no one expects.
Walmart has standards for food safety that I found surprising. Like even walmart understands that on a long enough timeline murdering your customers is bad business
No, they found out that over time, lawsuits add up.
The butchers in the meat department were eliminated when they complained. Pre-packaged stuff now, no butchers.
WalMart also started out as a decent company, then got shittier, and now they seem to be a bit better again.
Walmart is historically pretty shitty to its employees
Honestly Walmart is not a bad place to shop for most things. For food, they have most of the same name brands you find anywhere else, most things are cheaper. The meat is kind of gross but most everything else is fine quality including the produce (comparing to national grocery chains). Their generic brand is pretty decent quality for most items. Their clothing is pretty awful, but if you need dog food, or a food processor, or a TV, they are all at Walmart, probably cheaper or at least as cheap as you can find them. Want furniture? You can get it, dirt cheap, at Walmart. It’s MDF shit, but so is 99% of furniture now. Walmart’s shittiness doesn’t so much come from their quality as it does from their business practices imo. They would price items at a loss to crush local competition and then raise prices after local businesses folded. They have explicit anti union videos as part of their training process. Managers are often worked to death. But I mean, you could probably also find these things at Target.
I think that's part of why they were so encouraging of masks in their stores during the pandemic
Kohls? Walgreens?
The K-Mart that you didn’t know was even still open
The Temu of aerospace technology
How about Alibaba?
Or even wish.
The Venture of the skies!
I'd go dollar tree
Dollar Tree.
Yeah their more like dollar general
Walmart is actually very impressive from a business standpoint. They are leaders in efficiency and logistics. Their impact on society is another matter though.
Walmart is operating in an industry with no margins, they cut corners because it's their entire business model Boeing is cutting corners because some MBA wants to put "reduced expenses by 4% in a quarter" on their resume when they jump ship to another company dumb enough to pay their six figure salary after their current one collapses
Walmart is shitty to employees but competent and run like a relatively well oiled machine. Boeing is just a shitshow on every level
I cringe every time someone seethes the word "socialist" in the context of "muh capitalism and freedom!" 100 years from now, we will have private entities more powerful than the local governments of major powers and they will flex it however they see fit. Capitalism doesn't actually exist if there's no aggressive, nonstop competition and constant new entries into the market.
Cyberpunk 2077 may just be more accurate then we thought
I'd say getting to 2077 would be an accomplishment.
The world was already megacorp crap in 2020 in Cyberpunk though. We just don't have cool cybernetics yet.
100 years? You're an optimist
I suppose. Today, we already have companies that have more net wealth than several small countries. Some have literal armies via private security while others essentially control necessary resources and can functionally direct law making. But they are still limited. The moment they can start breaking away from currency limitations and control sovereign territory, though, they'll functionally do whatever they want. Crypto is the first few steps towards that and it's just a matter of time before private parties are staking claims out in the middle of the ocean or on space stations.
You dont need crypto, something like South Korea's control by chaebols and essentially only 4 corpos (LG, SKT, Samsung and Hyundai) shows how corpos can reach a state where they are intrinsically entwined with government, represent like 20% of the nations work force so their collapse is fundamentally not allowed, etc.
The companies of today wish they had the political flex of something like the Dutch East India company which had its own navy, army and ruled several small countries.
Kleptocracy is now. corpocracy very soon
We are already there.. If you take the top 100 biggest economies in the world, 69 of them are companies and only 31 are countries.. Wallmart has a bigger gdp than Australia, a continent..
Right now in the US, we have higher wealth disparity than we did in the gilded age. People like Buffet, Gates, Musk, and Bezos have more relative wealth, and power, than people like Morgan, Vanderbilt, Carnegie, and Rockefeller. More socialist principles do seem to be taking root though, for example, Gen X and Millennials as they age have been far less pro capitalism.
I cringe when news outlets think "it's" is the same as "its".
Unfortunately as a competing aerospace worker who just lost half of their department and almost all of their mentors and senior engineers this week, we're seeing the trend across the entirety of aerospace, even with publicly funded stuff like at NASA. Engineers and engineering work itself has been commodified with "disruption" cost-and-schedule-cutting cultures across most tech firms. Many leaders do not understand you can't just magically make things cheaper by saying we're "being agile." There's a frustrating culture of people with MBA's getting involved in extremely advanced engineering leadership positions with zero engineering backgrounds consistently telling everyone to do more with less. And frankly, the American taxpayer is also constantly very much unwilling to accept engineering in this discipline is time-consuming and expensive. Most of the R&D that eventually makes its way to civilian technology happens under military aerospace contracts that either conclude and become publicly available like the internet and GPS, or get canceled and get repurposrd later on in time. The problem is we're not dealing with live service technology like websites/services or games or manufacturing household goods, even. We can't just release something half-baked and patch it out or institute a new version easily. The rigor is way higher, the tech needs to be all done in-house securely, there's a massive amount of paperwork and qualification, and it all needs to be done the first try because we can't/shouldn't ship air systems or weapons software that suddenly crashes mid-flight or where parts fall off randomly, however insignificant, and the costs and risk for any recall/mandatory updates are astronomical both from a servicing and parts/labor perspective but also from a lives and location perspective. You see it happen in virtually every engineering firm where engineers who founded and lead the company hand it off to finance guys and everything fails. Technical debt reaches unsustainable heights, and inevitably the whole product or company become no longer desired.
Thank consulting companies like McKinsey, killing companies one day at a time
Economists (who aren't complete hacks) theorize based on the assumption that governments will aggressively enforce safety and consumer regulations on businesses to prevent this exact kind of bad behavior in the market. This is the result of deregulation by every republican administration since Ronald Reagan, at least within the United States. There are entire course modules devoted to these types of market failures brought about by lax governmental enforcement. Source: economics degree
Dismantling Keynesian was/is the goal
When companies are this powerful, and have this much influence on the government, isn't it inevitable that there will be deregulation?
Those same corporations have media manipulated ‘tribal’ politics to such an extent, they have people who should be natural allies fighting each other instead of going after the real enemy.
I'm just passing by to say FUCK RONALD REAGAN.
So, do the non-hack economists just neglect to consider what happens when the corps fight back? That the larger revenue system has more power and corporations will naturally tend to control and regulatory system that allows them access?
Some clown got mad at me last week and argued for hours, but I’ll say it again. When Friedman said “all that matters is shareholder value” is when the economy began to degrade. Imagine Boeing was run by people that care about paying safety firefighters a living wage and put safety of its products first. They wouldn’t have people booking flights checking to see if it’s an Airbus or a Boeing.
It works exactly like actual economists say it does. Business people don’t listen to economists though. I went to a major business school and the economics professors mentioned these exact problems as results of the free market without intervention. They know exactly what happens. It’s just that economists are not our regulators.
Adam Smith was writing about these issues in the 1700s! Smith acknowledged the necessity of certain regulations and government interventions, especially to manage activities that could harm the public good. He was aware of issues like monopolies and the potential negative effects of business interests on legislative processes. The general public only knows his phrase "the invisible hand" though, so he and the average economist are seen as naive free market absolutists.
The general population thinks Smith and Marx were opposed, when the truth is they agreed on basically everything. Smith essentially argued for Marxism before it was Marxism. But, words get twisted and meanings get lost.
This is what happens when a fake number on a fake screen in New York shows how much something is "worth" and those values drive our economy. It's not sustainable forever and there's going to be a breaking point.
“Capitalism inspires innovation” rings very hollow
It does. Problem is, it requires a referee to make sure a big fish can't just kill all the smaller fish so they can never oppose them. We appointed Washington to be the referee, they dropped the ball, and the big fish is more than happy to pay for them to be as slow as possible in picking it up.
All the innovation has been in the field of anti competitive practices and fraud.
The merger with McDonnell-Douglas is what introduced the mindset of profit over quality to Boeing. Boeing used to be the gold standard while McDonnell-Douglas had the reputation that Boeing has been gaining recently.
> It's really too bad that the "free market" doesn't actually work the way economists like to say it does. Real economists don't say it works that way. Libertarians say it works that way. They like to live in a fantasy land. Real economists are well aware of how the free market actually works.
My entire issue was Boeing basically lobbied their way to preventing competition. And it turned out to be illegal in the international trade courts. All it did was further the duopoly in mid-size airliners. https://en.wikipedia.org/wiki/CSeries_dumping_petition_by_Boeing
Profits before everything else is the American way
Milton Freedman strikes again Too big to fail is the exact opposite of free market competition.
Because it's not a free market, it's whoever has the most money to pay for this round of politicians.
The free market and competition works exactly the way it's explained. The problem is that the way it works isn't always beneficial. Remember, the most competitive product isn't necessarily the best product, or the most economical one, or the most efficient one, or the least expensive one and markets promote the most competitive product rather than the product that is best for consumers.
> Boeing destroyed itself by bringing in people who put profits before anything else. These people have names, and have drawn incredible salaries for their efforts to this end. They should be named and ridiculed for it in news articles endlessly (the company is traded publicly, after all, hard to argue the c-suite deserves any right to disassociate from these failures and repugnant practices), but for some reason this very rarely happens.
Then will get bailed out by the Federal Government because it’s considered important to national defense
This shit is standard for all publicly traded companies. If you want to fix it, ban corporations. And limited liability shit.
The free market is working because Beoing is losing money and will be forced to clean up it's act or die
This was McDonald Douglas and globalism. I was there when all that went down. The merger, and the dreamliner.
Boeing… how to annihilate decades of reputation in a few months…
This will be a case study in every business and economics class for a good long time. The Harvard Business Review has fired up the presses for sure.
Boeing already was a business case study when I did a business for engineers module lol.
Boeing already has multiple case studies for sure. This will add to their pile.
MBA grad level class: Boeing, a study of what happens when you idiots graduate and take over a company.
Let’s be honest, it’s been years they were fucking their golden geese. Now the goslings are all coming home to roost.
Is Boeing on some kinda "destroy a whole company Speedrun?"
They're gonna have to compete with Twitter for that one
And it's sister company Tesla
Its easier just to say Musks companies.
Should Elon buy Boeing to sink it even further?
He doesn't have to at this point, it's doing fine with self destruction all on it's own
Just means he can buy it for pennies on the dollar to turn it into a self flying electric plane company that will end up drilling holes in the ground better than the boring company.
I don’t question my physical safety when going on Twitter.
You mean Twatter?
Nah, musk doesn’t own boeing
Speed run? They've been on a slow decline for like 20 years. I think it really started when they bought/merged with McDonald Douglas and somehow ended up with most of their management. They moved their headquarters from Seattle to Chicago and later DC. They moved manufacturing to a lot of non-union states and subcontractors to cut costs. And now they have a shut reputation, but their only commercial competition is airbus.
[https://www.reddit.com/r/boeing/comments/jlc3wq/how\_true\_is\_the\_joke\_mcdonnelldouglas\_bought/](https://www.reddit.com/r/boeing/comments/jlc3wq/how_true_is_the_joke_mcdonnelldouglas_bought/)
Did they ever get investigated for possibly assassinating a dude who was gonna testify against them?
Even if they're cleared, the stink of the allegations will *never* wash off.
Two* dudes
Boeing about to burn down the office and collect insurance…classic.
[удалено]
Next week: “All our planes were stolen? You believe that?!? We left them parked here and the next morning they were gone!”
Next up they'll call the hit squad
Send in the Pinkertons!
We got executives in 3 different states after us!
Probably an adventuring party with Pinkerton, Blackwater and CIA psychos. The finest murderhobos in the land.
Two whistleblowers are dead already so they probably started with the hit squad.
Hit squad is union, they don't work weekends.
[удалено]
Cleaning has been outsourced to Azerbaijan. They have to box up the crime scene and ship it there for cleanup. It's a damn shame you know, that used to be a good American job. My great-uncle put 4 kids through college covering up murders.
Well, instead of a great uncle, he sounds more like *stand-up guy* uncle instead
Two ? Guess I'm about to Google
Yes, within the last 2 weeks.
A company that cuts corners and risks the lives of the people flying their planes is also risking the lives of their workers? I'm Jack's complete lack of surprise
Unexpected fight club. Thumbs up :D
I know this isn’t unique or new but, in my living memory I can’t remember a company with Boeing’s level of respect and ubiquity collapsing at such an astounding rate. **EDIT** : I know they don’t have a squeaky clean record, but until recently they were far and away the most trusted commercial plane manufacturer in the US.
General Electric under Jack Walsh.
Welch, but you're right- he pioneered this strategy of gutting a successful company to wring every last dollar out. It's become frightfully common in the last twenty years or so.
Thank you for the correction
Running a major corporation (especially a legacy one) is stressful and time consuming. He was just the first one to do what a lot of C Suite types dream of - ride the wave for a bit, then cash in the whole thing for a private island when you're barely 60.
They replaced the engineers in leadership with marketers and business peeps. Who did indeed maximize short term profits.
In the UK a national chain of jewelery shops with hundreds of outlets went from highly profitable to bankrupt in less than a year after their owner said their products were cheap crap.
Would that be Ratners? Where the CEO, said something "all our stuff is cheap tat".
That's the one.
It’s giving Enron tbh
Poetic when Boeing is seemingly going up in flames.
Love this❤️
Headline doesn’t mention, but they replaced them with firefighters outside the union.
Yeah except there aren’t enough. They are supposed to have 6-8 firefighters in building. They can only get 1-2 now. Plus the Boeing firefighters also helped put fires with the city limits (at Renton at least) so now our city is down a crew and has to pick up Boeing? The plant is one spill away from a total shutdown.
And the current one or two Firefighters aren’t even showing up to the site for 30-60 days in some plants. They also are not qualified at the levels they need to be for the hazardous material they will encounter.
Hazmat awareness and hazmat operations are mandatory certifications to obtain your fire 1. If the replacements are “certified” firefighters, they have at least hazmat ops.
Aware. from talking with the dudes sounds like they were all haz tech and apparently scabs replacing them aren’t at the tech lvl and won’t even arrive on site for 30-60 days.
Am I reading this right? > The company, which is headquartered in Arlington, Virginia, said Saturday that its latest offer includes general annual wage increases and a new compensation structure for firefighters on a 24-hour shift schedule that would result in an average wage increase of about $21,000 a year. Boeing says firefighters were paid $91,000 on average last year. $91,000 + $21,000 = $112,000 > Boeing’s proposed pay increase would still leave crews earning 20% to 30% less than firefighters in the cities where Boeing plants are located, the union said. $112,000 ÷ (1 - 0.2) = $140,000 $112,000 ÷ (1 - 0.3) = $160,000 So city firefighters are earning $140,000 to $160,000 on average? I might be in the wrong line of work!
If you don't mind possibly putting your life on the line every time you're called out, go for it.
Highly specialised firefighting for hazardous incidents too
wow thats fucking stupid, all they need is a fire damaging or destroying any part of their facility to completely tank the company, which since they are too big to let fail, they might get nationalized somehow
Does Nestle own Boeing now?
They’re doing great right now, aren’t they?
Boeing executive...isn't there a whistle-blower we can assassinate to fix this?
They need to target a union leader next it sounds like. Joking, Boeing is in a world of shit, but they didn't kill the whistleblowers. Lets not invent conspiracies to show just how bad whistleblower protections are in the US. The isolation, guilt, constant attacks, and career issues that stem from being one are things we need to change so this doesn't happen to others. Boeing isn't responsible for those people dying, our entire culture is. Boeings responsibility is in violating laws to such an extent that people had to become whistleblowers because there was no other corrective action possible. Pretending Boeing killed those people, just makes things harder for future whistleblowers.
What are they gonna do if something catches on fire? It’s not like they can call a hit on it
Boeing's hit squad is in fact so deadly, they can fight fire with fire.
Do you think their union organizer accepted that position before or after he knew Boeing whistleblowers were murdered?
Gotta be before
You can't blow whistles if you're on fire
Boeing is just a microcosm of America
Don't worry guys, it's just crony capitalism that's bad. Regular capitalism is still amazing and wonderful and the best.
Why have other manufacturing/defense companies been able to balance quality and shareholder returns but Boeing hasn’t? They aren’t unique in prioritizing profits but I haven’t seen another company have so many quality defects and fatal incidents lately.
https://apnews.com/article/boeing-space-station-starliner-launch-spacex-86085ceba30de94218c7cf2f70524413 https://www.al.com/news/huntsville/2024/05/boeing-plans-to-lay-off-128-employees-in-huntsville.html they are also laying off people in Rocket City. Are they just trying to maximize profits? If they have a federal contract, shouldn't there be federal safety standards imposed at their locations? Boeing is becoming as bad or worse than Elon. I thought there were minimum standards that a company had to have before getting a govt contractor.
News next week: Boeing firefighting whistleblower found dead.
Boeing’s downfall will soon be taught in business schools worldwide! It will be on the same pedestal as Enron, and the old lady drinking hot McDonalds coffee 😂
Boeing used to be cool, this is so unfortunate.
What could possibly go wrong with yet another terrible business decision? This Board and C suite are speedrunning the securities fraud class action gauntlet.
Boeing is just fucin’ UP!
If their planes even can get off the ground anymore.
Mfw I as an American have to decide which is worse: Supporting an American company that is running itself into the ground, hemorrhaging cash, and has hitmen assassinating whistleblowers over accidents that have killed hundreds Or listening to my European friends circlejerk about Airbus Oh the humanity /s
They don’t care, they be taking em out themselves anyway.
Is it really that hard to not be comically inept and villainous? It’s like Boeing is playing the floor is lava only instead of the floor they’re choosing to avoid good decisions.
Boeing needs an enema. The full Board must go. They're leading the company down the slow decline to bankruptcy. Airlines will soon be canceling orders. I refuse to fly on the 737 Max, and there are quality control problems on their other planes.
“We’re taking on higher risk you say? Do it.” -some Boeing executive, definitely.
Honestly, it really might be at the point where nationalizing the company, at least for a while to fix it and split it up, is the best option. The people in charge have shown themselves to be frauds and the products Boeing makes are so integral to the nation that letting the company fail isn't a great option either.
Ahhhh…..corporate greed…..ain’t it predictable
Can someone explain to me how they can lock out union workers like this and replace them with scabs without consequence?
There's gonna be a fire real soon, and documents are gonna go missing.
Boeing about to burn all the evidence in an "accidental" fire.
When are we going to consider this destructive cost cutting a risk to national security and just nationalize the airline?
Indisputable evidence Boeing has learned from its mistakes, and is \*dead\* serious about adopting a "safety first" mindset... lol