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To: minnesota_bound
Jack Welch was said to have fired 250,000 people during his time at GE. That is an entire city of people. There are others like him such as "Chainsaw" Al and Mitt Romney. Top 10 Worst Bosses - "Chainsaw" Al https://content.time.com/time/specials/packages/article/0,28804,2025898_2025900_2026107,00.html Jack Welch https://www.nytimes.com/2022/05/21/business/jack-welch-ge-ceo-behavior.html Almost immediately after Mr. Welch retired in September 2001 with a $417 million severance package, G.E. went into a tailspin from which it would never recover. His pupils, though, went on to run dozens of other major companies, including Home Depot, Albertson’s, Chrysler and Boeing. Most of them failed. G.E. was an industrial company when he took over — making most of its money selling appliances, light bulbs, power turbines and jet engines. By the time he retired, the company derived much of its profit from GE Capital, which was essentially a giant unregulated bank. READ THIS PART: More than any company besides G.E., it was Boeing that was most directly shaped by Mr. Welch. Over the past 25 years, a succession of men who worked for Mr. Welch refashioned the airplane maker’s culture to resemble G.E.’s, transforming a company that once made a priority of aeronautical engineering into one that thrived on financial engineering. “When people say I changed the culture of Boeing, that was the intent, so it’s run like a business rather than a great engineering firm,” Mr. Stonecipher said in 2004. “It is a great engineering firm, but people invest in a company because they want to make money.”
76 posted on 03/16/2024 10:47:30 PM PDT by minnesota_bound (Need more money to buy everything now)
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To: minnesota_bound

Boeing employs ~145,000 people. In the past 15 years they have laid off about that many, and those are just the WARN required reporting numbers. The number of layoffs amounting to 50-150 people at a time are unknown but happen several times a year in various divisions and do not required a WARN notice.

Boeing just killed off their entire R&D department of ~50 people in one of the divisions and laid off another 30 people or so. These are unreported layoffs, of course, but common at Boeing. There are only a few older white males left and this layoff took out many of the key people left.

Shaping the company is about removing older white males. Entire offices are filled with Indians and women. For DEI, they even have “Chief of Staff” (COS) positions for every director and VP now. These positions are political commissars, all are women and all are liberals. Imagine a liberal women who no engineering and no aviation experience, and little real -world experience, being given authority over chief engineers. That has now happened at Boeing.


79 posted on 03/17/2024 5:59:52 AM PDT by CodeToad (Rule #1: The elites want you dead.)
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