C suite reports to the board, board reports to investors. This appears to be what shareholders and the US gov (which hasn't nationalized Boeing yet) have the appetite for at the moment. More to come? Depends on how much worse things get or how slowly they get better. First, renovate. If renovation does not succeed, burn the house down and rebuild.
> Yes, and Look! A real engineer! God bless [and I mean it].
Genuinely appreciate the kind words, but I am not an engineer. I respect the craft and practitioners, and am wise enough to know that success is aggressively enabling engineering talent and then getting out of the way. Again, this is cultural; curating and nurturing this culture takes time, energy, and is never ending.
Are there any publicly traded companies that you feel are doing a great job? It would be interesting to see what differences there are in the composition of major investors.
My understanding was that for most S&P500 companies, the index funds like Vanguard generally hold majority voting shares (exceptions being like Facebook, where unusual amounts of voting stock are retained by the founder).
So if the problem was “investors” I’d imagine that you’d be unable to find any S&P500 company that people thought was doing a good job.
A shuffling of the C-suite at Microsoft (eventually) led to it becoming the world’s most valuable company. Certainly not a guarantee, but it’s a step in the process
This disaster culminated from changes in the Boeing culture that was years in the making, so I very much it would be an easy fix. They would have to prioritize engineering excellence back over profits, but I doubt the current executives even know what that looks like. At the very least, they’d have to move their HQ back to Seattle and sell off or lease their skyscraper they built in Chicago so that the leadership can ignore the engineers.
The chair of the SEC should step down for pushing a company like Boeing to keep giving quarterly earnings reports. Pursuing stock value is the ultimate root of all the evil in Boeing.
They should allow them to provide quarterly safety reports instead. We as a society should value companies like Boeing based on safety, not based on earnings. They should be exempt from capitalism and just focus on transporting people alive.
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[ 3.1 ms ] story [ 52.5 ms ] threadYes, and Look! A real engineer! God bless [and I mean it].
Genuinely appreciate the kind words, but I am not an engineer. I respect the craft and practitioners, and am wise enough to know that success is aggressively enabling engineering talent and then getting out of the way. Again, this is cultural; curating and nurturing this culture takes time, energy, and is never ending.
My understanding was that for most S&P500 companies, the index funds like Vanguard generally hold majority voting shares (exceptions being like Facebook, where unusual amounts of voting stock are retained by the founder).
So if the problem was “investors” I’d imagine that you’d be unable to find any S&P500 company that people thought was doing a good job.
The definition of "good job" depends on who you ask.
They should allow them to provide quarterly safety reports instead. We as a society should value companies like Boeing based on safety, not based on earnings. They should be exempt from capitalism and just focus on transporting people alive.
Official release: https://boeing.mediaroom.com/2024-03-25-Boeing-Announces-Boa...
More discussion: https://news.ycombinator.com/item?id=39815408