Culture change takes a while; I feel like even if they replaced everyone at the top with safety minded engineers to run the company, it would be some time before they dig themselves out of the hole they created for themselves.
this post was submitted on 25 Mar 2024
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Bring back the dude who married his first cousin!
Rudy Giuliani?
That’s not enough. We want investigations that bring consequences.
Edit: the people who are commenting below about how “we have no control” etc etc, I just want to say, “Shut the fuck up.” Nobody wants you around anymore. Just because YOU have been a weak POS your entire life spouting off weak, sad bullshit trying to divert REAL change doesn’t mean that the rest of the country is like you. Go back to your holes because I promise if you don’t and you keep acting up, we will put you there in finality. The public isn’t stupid, and they aren’t weak. It’s scumbags within the wealth class that are protected by losers like you all naysayers and class traitors who try to make it seem that way. Trump and Biden is a symptom of class traitors turning on the public, not a show of force by the elites. Best recognize.
What we want, and what happens in reality, have absolutely no connection. Money is what makes the world go around. Money is the only thing that matters to our society.
When are we going to change that? It's been a while, like 600BC, but we managed just fine for tens of thousands of years before minted coin.
Unfortunately, we aren't.
No, it’s the only thing that matters to our current leadership. That can be changed. Either by changing their minds, or by removing and replacing them.
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Probably stepping down to sit on the board instead.
Nothing but a scapegoat if they replace him with another accountant instead of an engineer.
They need to get back to the engineering mindset. This is why I think CEO bonuses on things like EPS are BS. It should be tied to things like engineering, safety, etc.
It should be something that must be returned if there's a severe fuckup within five years or something. Also they shouldn't be getting bonuses, they are already massively overpaid.
For most CEO, Bonuses and stock options are the bulk of their pay.
I have no issues with either or even their pay, but I have no issues with regulations around it since they are public companies. I do have issues with a product that should be safe with any bonus tied to profitability. It should be tied to safety.
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By all credible accounts the systemic issues at Boeing predate this CEO by probably 2 decades. Dave Calhoun seems to specialize in "troubled companies", i.e. he has never been anything more than a professional scape goat.
Edit: I didn't do enough research, he hasn't really been CEO at many places, just upper positions like director and board member. Still, the companies he specializes in seem to be the ones with reputations to cannibalize for money by cutting quality and screwing consumers, like GE.
If it comes with golden parachutes it's all but guaranteed he doesn't care.
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It doesn't matter if the CEO was an engineer or not in a previous life. The job of a CEO doesn't change and he did exactly what he was supposed to do: made shortsighted decisions that maximised profit and took the fall for it when the short-sightedness of those decisions blew up in their faces.
Until the merger, Boeing was engineer-driven. They were well known for safety first and design over cost.
https://www.cnn.com/2024/01/30/business/boeing-history-of-problems/index.html
There are hundreds of articles on this topic and you rant without knowing the topic.
I wonder what his golden handshake (parachute? What's the difference?) is, for screwing things up so badly?
He’s gonna need a parachute if he flies home on one of his planes.
The issue in this instance was not screwing things well enough.
Golden handshake is coming in, golden handcuffs to keep you there, and golden parachute for your exit.
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