As a Twenty 21 year plus employee of Boeing, Seattle I can tell you what has killed Boeing.
The McDonald Douglas merger.
Boeing used to be the best, but then the “Mc DO D” accountants grabbed on to my company and destroyed it.
I said Fu$k it and left as did many other old timers.
You see the results today.
A bunch of weenie people more worried about stockholder
Share value, than producing the best engineered products in the world.
Making the best product isn’t “Tangible” on a spread sheet but it will make you #1.
Being #1 will pay the bills and make you the best.
I’d rather work for the company that makes the best product in the world than one that pays the best dividends to stockholders.
BTW I was a Boeing stockholder.
Thanks rellic!
In retrospect, the McDoD merger was not only a commercial disaster, but a national security disaster.
The minute any company hands the reigns over to accountants they are done. It’s only a matter of time.
Accountants have absolutely no vision for the business and the only trick they know is cutting costs.