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Opinion: Can Boeing’s Misguided Leaders Be Stopped?
Posted by: numbered
Date: January 30, 2024 12:42PM
Op-ed in Aviation Week about the reasons for the Boeing fall. Previous articles have noted that the fall began when Boeing 'bought' McDonnell Douglas: the finance-oriented McDonell guys took control.

Money quote:

Quote

As 2023 ended, the company’s strategy department was abolished. Unit strategy functions were also reduced. The company no longer wants a plan for company-wide new technology development, new product development or, most crucial, restoring the links between the people who design and build aircraft and the people who manage the company. There are also no plans to promote technical people to senior management positions. Stephanie Pope’s recent appointment as chief operating officer means another finance person has been made Calhoun’s heir apparent.

And remarkably:

Quote

For years, Boeing management was accused of focusing on money rather than products, performance or people. Between 2014 and 2018, it gave away $53 billion in dividends and buybacks. But that shareholder focus no longer works. Boeing is the only large-cap aerospace company in the world with a flat share price throughout the remarkable demand surge the industry has seen over the last three years.
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Re: Opinion: Can Boeing’s Misguided Leaders Be Stopped?
Posted by: gabester
Date: January 30, 2024 01:55PM
It's clearly an organization broken by many levels of management hubris and dysfunction, driven by pure profiteering at the expense of quality and safety.

It doesn't sound like it can be fixed any time soon... I expect Comac to take advantage of this and become the #2 airplane maker in the world behind Airbus in the next decade.


g=



Edited 1 time(s). Last edit at 01/30/2024 01:55PM by gabester.
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Re: Opinion: Can Boeing’s Misguided Leaders Be Stopped?
Posted by: macphanatic
Date: January 30, 2024 02:24PM
Finance people are good at what they do, they probably shouldn't be running companies that are so focused on engineering.
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Re: Opinion: Can Boeing’s Misguided Leaders Be Stopped?
Posted by: chopper
Date: January 30, 2024 04:54PM
I have a friend who works there. He works in interior install and QC.
It's not pretty.
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Re: Opinion: Can Boeing’s Misguided Leaders Be Stopped?
Posted by: kj
Date: January 31, 2024 04:26PM
I think most of the people who care about the right things left a long time ago.
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Re: Opinion: Can Boeing’s Misguided Leaders Be Stopped?
Posted by: ADent
Date: January 31, 2024 10:37PM
It's been visibly broken since the rollout of the 787 on July 7, 2007 with Home Depot fasteners and scrapping of the first few planes.

I don't think it will be fixed. But a total re-org would be a good start.

The GE crowd in now in a lot of Boeing as the McD folks are retiring. Not a lot of love for Jack Welch and his adherents either.
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Re: Opinion: Can Boeing’s Misguided Leaders Be Stopped?
Posted by: pRICE cUBE
Date: February 01, 2024 06:13AM
Man, all this Boeing news lately is very disconcerting.


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Re: Opinion: Can Boeing’s Misguided Leaders Be Stopped?
Posted by: N-OS X-tasy!
Date: February 01, 2024 01:29PM
Quote
pRICE cUBE
Man, all this Boeing news lately is very disconcerting.

Lately?


It is what it is.
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