Boeing cutting more than 12,000 U.S. jobs with thousands more planned

Re:Boeing cutting more than 12,000 U.S. jobs with thousands ... by cs702 on Wednesday May 27, 2020 @02:50PM (#23327998)

No matter how you look at it, Boeing's business appears to be in terrible shape. The Atlantic has a decent article on how the company lost its way: "a company once driven by engineers became driven by finance."[a]

However, from "the stock market's perspective," everything at Boeing is honky dory -- the stock is up +2% today.

[a] https://www.theatlantic.com/ideas/archive/2019/11/how-boeing...

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Re:Boeing cutting more than 12,000 U.S. jobs with thousands ... by skny on Wednesday May 27, 2020 @03:04PM (#23328243)

Stock being up 2% today is myopic and meaningless. Look at the performance over the last year. FWIW, Wall St isn't a bunch of morons trying to financially engineer an airplane to take off.

https://imgur.com/a/lv0yYq9

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Re:Boeing cutting more than 12,000 U.S. jobs with thousands ... by gamblor956 on Wednesday May 27, 2020 @03:09PM (#23328323)

Note that this article squarely lays the blame on finance executives...that were once engineers...

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