What happened to American tech? Why are they so shit suddenly?
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Nothing Ever Happens Shirt $21.68 |
Boeing... Boeing... GONE!
What happened to American tech? Why are they so shit suddenly?
Nothing Ever Happens Shirt $21.68 |
|
Nothing Ever Happens Shirt $21.68 |
The captain never goes down with his ship in the business world. Anyone who is surprised by this news lacks life experience.
Boeing has been on a steady decline ever since they moved their HQ from Seattle to Chicago. Boeing has essentially turned into a management company that outsources all their non-critical engineering work and now it's biting them in the ass. I'm sure they will be acquired by general electric in due time.
He was trying to save the company through drastic measures, but they forced him to step down.
>He was trying to save the company
Do corpgays really?
>Why are they so shit suddenly?
>suddenly
This is a storm that's been brewing for decades.
The problem came when management was run by people who only care about money and not excellence. Once that happens to a corp, quality starts to go down (because it's expensive) and then customers start to get upset (because they want quality) and when profits start to dip (because unhappy customers don't buy so much) the execs start to panic and accelerate the process in a feedback loop.
This will get worse, because the cause is the one thing that the modern US executive class can't consider: that they are the problem, and that optimizing solely for the quarterly bottom line is a way to lose hard.
/thread.
Similar occurrences are/have occurred in the entertainment, automobile and tech industries (and if we're being honest, every industry except maybe the absolutely mission critical ones). Corporations are being managed by short minded idiots that have no long term vision and only seek short term gain to the exclusion of any sort of any meaningful investment in the company or to the human resources within the company. Kind of the modus operandi of the managerial class nowadays really.
Very, very close to correct. The wrong part is that the execs don;t panic. It's by design and they expect it. Milk the company for all it's worth then leave and do it to another company.
Zaibatsus are the answer. Bring back family conglomerates.
Corporations are always full of sociopaths that lack basic empathy. They will do anything to frick other people over if it means keeping their jobs and looking good to their bosses.
Once the first sociopath gets in charge of the decision making, the corporation becomes a ticking-time bomb until a purge happens or the corporation dissolves.
They are losing the technology.
It also happened 55 years ago.
All tech people work at Google, Nvidia, Meta, Apple. Boeing made their bed years ago with the disastrous MAX13 or whatever the trash was called and here is the result.
code monkeys are not tech
Yeah, they're richer than techgays.
Downfall began when they acquired McDonnell Douglas and all of the shitty MD management that tanked that company replaced Boeing’s management and they are now feeling the long term effects of that. People don’t say McDonnell Douglas bought Boeing with Boeing’s money for nothing.
bingo bingo bingo
how shittier bankrupt companies take over the boards of more successful ones is beyond me
American corporate culture has created no effective difference between success and failure at the highest ranks.
If you succeed, you get a huge pile of money.
If you fail, you get a massive severance package, a new job on a new board, and the government bails the company out anyways since the stockholders all know senators, or another corporation buys it for a pittance, and business goes on as usual.
Corporate culture is a problem but not the root cause. Like life, if something is success that means it is fit for the environment it is in and thus successful. Corporate culture is so prevalent today because it is successful in the current Ecosystem. The only way to change this would be to change the rules of the game at the highest level in order to cultivate companies that prioritize long term success. This would involve heavy restructuring from the government, and would be opposed by literally every corporate entity. The only way something like that could come to pass would be a complete collapse, great depression style.
Poor guy, how many millions will he get & which board will he sit on next
Nothing sudden about it. The only companies in this shit country making money for the last two decades are government contractors
Investment firms became the major shareholders and they vote in their fellow bean counters who don't know their head from their ass about any particular industry or field aside from finance.
Boeing DEI Works is back baby!
>be globohomosexual CEO
>hire one of those trendy "diversity hires" to get more Black folk, hispanics and whatnot to work for your company
>suddenly get critics on why planes are breaking in half like Styrofoam bricks
>stock starts piling up like never ending illegal Hispanic immigrants
>have to make sales, thus decreasing profits
>go bankrupt
gee, i wonder why
also nice trips
Competency crisis created by communist policies
Being a corner-cutting MBA israelite is now communism? Come the frick on
Simple question guys: If Boeing was in financial trouble would it get bailed out? If yes, it's guaranteed to suck
this, America is fellating the BBC while the country slips into irrelevancy
the first BBC worship country in the world, it's pretty much a religion at this point
Must be morning in Tel Aviv. Go away witzel.
Death to all MBAs. Death to all C-Sweeties. Death to all board members.
ZAMN!!!
buy the dip
There are specific financial incentives for publicaly traded companies (notice I didn't say public companies, because those hardly really exist in the US) and their CEOs that absolutely do not align with long term growth, innovation, product potential, problem solving, etc. Their job is to pump the stock temporarily and ride the sporadic green candles as they keep getting stock options. That's why CEOs in the US seem to always make huge profit on their trades and stock options even while the company as a whole loses stock price/market share/money. That's also why companies with early somewhat aspie engineer CEOs sometimes seem to do well. The founder is too obsessed with the technology to realize he can rape his shareholders for billions while burning his company to the ground. If companies still wanted to have a CEO based model they could lock stock options up for many years or have massive "sell at a loss" penalties for early cashing out. This would force CEOs to be in it for the long haul. But they won't because MBAs have realized they can take any somewhat successful public company and 'legally' rape the market with insider trading on their options while their company goes down in flames.
Sorry for the blog post. USA is doomed.
Boeing hired foremen and management from American car companies and everything went to shit. All those companies bailed out by the government multiple times polluted the aircraf industry with boomer executives who never knew how to operate or assemble the product they were supposed to do quality control/assurance for.
Outsourcing due to capitalism
Pajeets are why.
t. Black person hating leaf
>pajeets are the problem
Keep focusing on the wrong enemy, but the real enemy are the MBA bean-counters
Give up, they will always focus on some scapegoat, which the rich and powerful love, because it distracts from themselves.
How do we fix the "MBA problem" ?
Soviet Union losing the Cold War, which lead to technological freeze
He killed that whistleblower for nothing? What a c**t.
>CEO steps down
>loses kneecap