The McDonnell Douglas-Boeing merger led to the 737 Max crisis

Re:The McDonnell Douglas-Boeing merger led to the 737 Max cr... by bynkman on Monday January 06, 2020 @02:55PM (#21972557)

> Stonecipher seems to have agreed with this assessment. “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,” he told the Chicago Tribune in 2004. “It is a great engineering firm, but people invest in a company because they want to make money.”

Wow. In retrospect, this is an amoral path. Basically it's money over lives. Furthermore, this "intent" has cost them more financially.

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Re:The McDonnell Douglas-Boeing merger led to the 737 Max cr... by jgeada on Monday January 06, 2020 @03:33PM (#21972979)

And yet for Stonecipher it was a personally financially successful personal decision and none of the consequences will hurt him personally. When the rewards always go to the top (aka shareholders) and consequences always fall elsewhere, this is the predictable consequence.

We need some system such that shareholders and executives become personally responsible for these tragic yet predictable consequences.

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Re:The McDonnell Douglas-Boeing merger led to the 737 Max cr... by MrBuddyCasino on Monday January 06, 2020 @04:06PM (#21973322)

Exactly this. No skin in the game will lead to these outcomes.

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Re:The McDonnell Douglas-Boeing merger led to the 737 Max cr... by senderista on Monday January 06, 2020 @06:07PM (#21974550)

https://en.wikipedia.org/wiki/Principal%E2%80%93agent_proble...

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