Good. Maybe they’ll be the first corporation forced to eat crow for their corner cutting.
Don’t count on it, the government will bail them out if they drop further
I wouldn’t be so sure. Government bailouts tend to happen because they’re almost forces to. Where the economy can suffer greater loss without the bailout. Generally, in a scenario where a company or corporation has nestled itself into something the economy is dependent on. Of course what happens after that bailout is the bad part where it often seems nothing is done to alleviate the economy’s dependency, nor is the actions of the body receiving the bailout regulated, monitored, or needing to pay it back.
I don’t know how much dire a state the US economy would be in with Boeing missing or significantly damaged, but can’t imagine it’s perceived to be as bad as the crooked banks.
Edit: Oh, wait. The military is dependent on them. Yeah, there’d be a bailout lol
Boeing has MASSIVE government contracts, and does a ton for both the military and NASA. They’re absolutely bailout material, as much as it hurts me to say.
How would he have any say over what the government does? He doesn’t even have control over his bodily functions.
They’ll just start selling their planes at a discount to win back buyers, then cut more corners to make a profit at the discounted rate.
Boeing should be nationalized. If a company is “to big to fail” they inevitably do because of bad leadership and greed. They need to be nationalized as part of the bail out package. But because our government is corrupt Boeing with get billions of tax dollars to save them.
Is it because their planes keep falling apart or because they keep murdering people?
It is because they murder them after they report on the whistleblower hotline. You have to act more strategic…
You think it had anything to do with those planes breaking apart in the sky?
Well, you might have a point. I’m a millenial and I didn’t buy a single Boeing last month. Damn you, cancel culture!
I wish I could afford a Boeing, but I go to Starbucks 35,000 times a day.
When you run an engineering company as a business, you wind up with no business at all
“Made in USA” is well on it’s way from being a symbol of quality to implying a lack of. Don’t get me wrong, I’m a big proponent of domestic manufacturing. But there are an outsized number of executives who don’t seem to get that when you make shitty products, you will alienate all your customers who will then no longer buy your shitty products. That kind of reputational damage is incredibly hard to recover from. Especially when you make airplanes that have a tendency to fall out of the sky which is sort of a deal breaker for people who want to buy an airplane. Hope it was worth jacking up their stock price for five minutes.
well on it’s way from being a symbol of quality
US Cars have been an international joke since the 70s. And Boeing’s success is largely in contrast to McDonald Douglas, which crapped out back in the 90s and was forced into a merger to get bailed out. This isn’t an issue of “American Quality” so much as it is an issue of “Traditional manufacturing methodology” being whittled away over time by profit-obsessed shareholders and C-levels.
Boeing was a little late to the party, but that’s got nothing to do with American symbology. Everyone from Intel to Burger King have been on this trajectory for decades.
Hope it was worth jacking up their stock price for five minutes.
It was for the CEOs who already cashed out and abandoned the company, yes.
I understand the label is practically not enforced with very nominal fines if you’re found in violation.
There’s nothing inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits. That sort of behaviour reeks of an inexperienced and perverse management culture. You can find countless examples of businesses where the brand’s reputation for quality, reliability, and safety are considered sacred and any employee who publicly damages that reputation is ostracized. Japanese companies pretty commonly have these cultures, for example.
There’s nothing inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits
True but only for a snapshot in time. When the expectation of the environment is unlimited growth and profit above all else, the quick cash out in lieu of long term gains is inevitable sooner or later
You can find countless examples of businesses where the brand’s reputation for quality, reliability, and safety are considered sacred and any employee who publicly damages that reputation is ostracized. Japanese companies pretty commonly have these cultures, for example.
Oh outside of the USA yes, I can see that… In the USA, I think I would count such examples with 1 hand (talking about large companies and corporations, not Mom and Pop shops of course)
Generally a business runs for profit. They teach people in business school to maximize profits. So there kind of is something inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits. There is always that incentive to give the least amount for as much as you can take.
Japanese have immortalized a concept called “Black Company” and “Death March” where they push their employees into so much overtime that they literally die or risk losing their livelihood. Which is probably not great for long term or their reputation.
So there kind of is something inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits.
It’s called “Wall Street”.
This. It’s exchanging long term success for short term wins. I doubt they are going to be the only victims of business over engineering. It’s going to be a slow burn for a lot of companies. Most companies that go this route will slowly crumble as their products enshitify, but the thing is, in most cases, no one will get hurt.
This should have never happened in the aerospace industry.
Sounds like they’ve entered the, “find out,” stage.
The company itself maybe, the people responsible for the downfall not so much.
The C-levels probably got huge bonuses for saving tons of money, while having a super high paycheck anyways and when the boat finally goes down they will just hop into a C-level position at a different company where their main focus will be again to save tons of money.
C-level positions truly are the most insane thing in this capitalist hellhole that we live in. They come and go (usually in a 2-5 year cycle) and their next job is secured no matter their performance.
