Re:Boeing push to make training profitable may have left 737...
by Spooky23 on Saturday December 21, 2019 @06:57PM
(#21854103)
Shareholders are the strawmen used to justify what passes for modern business philosophy.
There’s an almost religious belief in whatever keeps the analysts happy this quarter is the right move. While this is done in the name of the shareholder, it happens to align with the compensation of the managers and directors making that decision.
I see Boeing as a defense/aerospace version of HP, GE, or IBM. In the case of Boeing, management went so far as to move a couple of thousand miles from most of the company. All of these firms chose to put themselves on the path to decline, and did so in a way obvious to anyone who looked closely.
There’s an almost religious belief in whatever keeps the analysts happy this quarter is the right move. While this is done in the name of the shareholder, it happens to align with the compensation of the managers and directors making that decision.
I see Boeing as a defense/aerospace version of HP, GE, or IBM. In the case of Boeing, management went so far as to move a couple of thousand miles from most of the company. All of these firms chose to put themselves on the path to decline, and did so in a way obvious to anyone who looked closely.