What is Going On inside Boeing?!

  Рет қаралды 270,418

Mentour Now!

Mentour Now!

Жыл бұрын

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Is Boeing circling the drain? Is the historic #aircraft manufacturer on its way to follow McDonnell Douglas, and become just another once-great but now-irrelevant name? And why are several #industry insiders getting increasingly frustrated with Boeing’s vision - or lack of one? Stay tuned.
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Below you will find the links to videos and sources used in this episode.
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www.compositesworld.com/artic...
• Boeing CEO Dave Calhou...
• Boeing Employee Inspec...
• Perfect Match! Xiamen'...
• In the Making: First #...
• Boeing CEO Dave Calhou...
• From Plants to Planes,...
• The #A321XLR rolls out...
• 2022, a strong commitm...
• 2022, a strong commitm...
• Making of - Boeing 787...
• Boeing Engineers Redef...
• Video
• Boeing Brazil 90 Years...
• Boeing in Canada
• Final 747 departs Boeing
• How Boeing Suppliers P...
• Boeing Introduces its ...
• Boeing CEO Dave Calhou...
• Boeing France Employee...
• Boeing 787-10 Dreamlin...

Пікірлер: 1 500
@MentourNow
@MentourNow Жыл бұрын
Get 35% off a Ground News subscription by visiting ground.news/mentournow
@sparky6086
@sparky6086 Жыл бұрын
Petter, Remember; it's not Russia's War. It's NATO's Proxy War. ...Maybe your sponsor isn't real news, but the Establishment narrative?
@TheEDFLegacy
@TheEDFLegacy Жыл бұрын
Personally, Boeing doesn't need a leadership change. Boeing needs to purge every last remnant of the MacDonnell-Douglas leadership and management culture that let them down this path. Ever since they bought out Boeing with their own money, they have severely stagnated, and their production and design quality has gone way down. That has unfortunately led to the loss of hundreds of lives. They don't just need new leadership. They need to go back to their roots. Unfortunately, it may already be too late. If you plan on doing another Boeing video in the near future, I would love to see you cover their influence on Boeing after the buyout.
@Google_Does_Evil_Now
@Google_Does_Evil_Now Жыл бұрын
Flying Cars? Boeing could be hiring 10,000 engineers to build Flying Cars... :-))
@MrCaiobrz
@MrCaiobrz Жыл бұрын
You started your channel with very interesting plane and flight curiosities, now your videos are large essays. Can we go back to the time when we could sit back and relax what that red triangle on some windows are? I don't want to tune in to hear why Boeing is in a [insert very complex situation here] and one of these [insert 3 complex fixes here] could potentially fix - disclaimer, none will affect your travels and are not interesting for the general public.
@MentourPilot
@MentourPilot Жыл бұрын
@@MrCaiobrz well, first of all, there are only so many red triangles to explain. Second, there does seem to be a large interest for these videos so as long as people are watching, I’ll continue producing them. Thanks for the feedback though
@darrylday30
@darrylday30 Жыл бұрын
After 17 years with Bombardier, I’ve concluded that the care and feeding of technical people is the only path to success. I watched my program wither under the motto “no good deed shall go unpunished”. I personally loaded the jigs onto a flatbed and watched my career drive away. I personally watched a dedicated and talented team scatter to the winds. Retention and engagement of technical people is only possible if their needs are prioritized.
@xehpuk
@xehpuk Жыл бұрын
I worked many years at Bombardier transportation. It was nice to work there but the products we made where no good due to underfunding and unrealistic planning. At least the C series turned out to be a really great aircraft (at least that is what I hear).
@raytrevor1
@raytrevor1 Жыл бұрын
Yes, a company is its people. Something management often don't seem to have a clue about.
@Sophie-and-Ken
@Sophie-and-Ken Жыл бұрын
Bombardier was so successful in building Toronto street cars in Mexico. That program was plagued with delays and massive quality issues. Proof that when you prioritize profits over innovation and quality you will always lose. Same thing with the 737 max. It may actually be a good thing Airbus took over the C5 line.
@valerieann8007
@valerieann8007 Жыл бұрын
Homer Simpson: "Doh!"
@blatherskite9601
@blatherskite9601 Жыл бұрын
Been there - admittedly in oil & gas. Makes you wonder why you bother, why all that stress...
@benrussell-gough1201
@benrussell-gough1201 Жыл бұрын
Putting off paying invoices for up to three months is a bad sign about the actual liquidity of the company.
@JustaGuy316
@JustaGuy316 Жыл бұрын
Not necessarily. Business schools now preach the need to manage "Net Working Capital"- i.e. the amount of money invested into the product that hasn't been paid for by your customers yet. If you float a 90 day term payment, you don't accrue that cost on your books which makes your company look better financially. You are essentially pushing your financing costs onto your suppliers. Since that's what the likes of Merryl Lynch are obsessed about, that equates to a higher stock price. In reality it does nothing but pisses off your suppliers and cause them to raise their price to you in order to compensate for the finance cost of floating you for the extra month or three. It is a visible benefit, but a hidden cost that makes CEO's millions. Just one of the many ways that Corporate America likes to screw over everybody for a buck- and it will come back to bite them in the butt soon.
@DavidByrden1
@DavidByrden1 Жыл бұрын
Or, it could simply indicate that if you hold on to a pile of money for three months, you collect interest. But that kind of stunt makes all of your clients resent you.
@benrussell-gough1201
@benrussell-gough1201 Жыл бұрын
@@JustaGuy316 Is there any part of how Boeing does business that does not harm the company in the long term for a one-off bonus that quarter?
@johniii8147
@johniii8147 Жыл бұрын
It's causing major problems for suppliers who are under pressure to ramp up production.
@davidtuer5825
@davidtuer5825 Жыл бұрын
@@DavidByrden1 No, no, no. It pisses off the people who suddenly don't get paid for three months. And you don't force a 90 moratorium on payment to get some interest on the money you're holding, someone else's money actually, you do it to because you need more working capital and the banks won't give it to you.
@David-zy1jw
@David-zy1jw Жыл бұрын
Let's see, Boeing has been run by MD management and we're surprise they are turning into MD?
@jaffacalling53
@jaffacalling53 Жыл бұрын
Those parasites from MD killed sonic cruiser once they got in. That was the last time Boeing ever tried to be innovative.
@ghostrider-be9ek
@ghostrider-be9ek Жыл бұрын
@@jaffacalling53 what was the market for the SC? I heard it was smaller than the A380 - and the composite ideas were integrated into the 787
@johniii8147
@johniii8147 Жыл бұрын
The MD managers are long gone since that now 25 years on them. Can't blame it on them anymore.
@jaffacalling53
@jaffacalling53 Жыл бұрын
@@johniii8147 The company culture they left is still there
@jaffacalling53
@jaffacalling53 Жыл бұрын
@@ghostrider-be9ek How would it be smaller than the A380? It was basically just a 787 but faster and a little bit less fuel efficient. It was comparable to the 767 in efficiency, and the reduced flight times would mean that airlines would be able to utilize the aircraft more, which would help offset the fuel costs. I see no reason it wouldn't be able to compete well with other slower transonic twin jets.
@Taoscape
@Taoscape Жыл бұрын
Not sure a change of leadership will help. Several years ago (loooong before 2022) Boeing fired all its senior engineers to save costs. With that, they then forgot how to make planes. A friend of mine was a technician with Boeing and he told me all the horror stories he has to fix. It included the junior engineers designing planes forgetting to account for the wire insulation diametre when designing the internal conduits, and things like that.
@y_fam_goeglyd
@y_fam_goeglyd Жыл бұрын
Yikes! Surprised the authorities didn't clamp down on that.
@marcmcreynolds2827
@marcmcreynolds2827 Жыл бұрын
"Boeing fired all its senior engineers to save costs." All of them? At specific times going back to at least the 90's, senior engineers were offered attractive retirement incentives. That led to some relatively large batches of departures (and lots of informal monthly lunch clubs) just ahead of or coincident with layoffs. "forgetting to account for the wire insulation diametre when designing the internal conduits, and things like that" Rhymes with Airbus having made A380 wire harnesses exactly the nominal length according to a CAD model, only to find that connectors wouldn't plug together when it came time to hook things up in the real world. Or their non-steerable main landing gear debacle, also on the A380. Everyone gets some of the engineering wrong, at least on the first try. Do software releases start with Ver 2.1? : )
@Taoscape
@Taoscape Жыл бұрын
@@marcmcreynolds2827 Effectively all of them. Not sure if they kept a few on as managers.
@davidcole333
@davidcole333 Жыл бұрын
Nonsense. And just because an engineer is senior doesn't mean they're talented or competent.
@ollienilson1644
@ollienilson1644 Жыл бұрын
@@davidcole333 But they are experienced with competence which means everything.
@hentaioverwhelming
@hentaioverwhelming Жыл бұрын
What Boeing needs is a complete purge of its executive and management of everyone associated with McDonnell Douglas followed up with a review of all processes and policies that the MD team brought on.
@Curt_Sampson
@Curt_Sampson Жыл бұрын
Yes, this. MD's destruction of Boeing's engineering culture and engineering-driven management culture is the direct cause of things like the 737 MAX debacle. Boeing should have been starting a programme to replace the 737 twenty years ago; instead, it's now going to see the Airbus A320neo family slowly continue to eat away its share of that market and be powerless to do anything about it. I don't know if purging Boeing of all things MD it would fix it, or if Boeing is even capable of being fixed at this point, but it would be a good place to start. And perhaps some or those retiring engineers wouldn't be quite so keen to leave if they could once again work for a company that valued aircraft engineering over financial engineering.
@ryanward10
@ryanward10 Жыл бұрын
Boeing investors are the large Boomer cohort who are all retiring, and don't like risk. Calhoun is doing what his paymasters want. Same thing is happening in cell phones, microchips... technological development is slowing down globally.
@allanrattee
@allanrattee Жыл бұрын
Boeing…..Boeing……GONE.
@AishiMTA
@AishiMTA Жыл бұрын
The real question though, is who’s going to do it? How is it going to be done? The shareholders sure as hell won’t do it, they like to chase the dollar as much as the execs do.
@dalefrolander3583
@dalefrolander3583 Жыл бұрын
​@@ryanward10boomers invented all that technology you enjoy.
@Tony_VW
@Tony_VW Жыл бұрын
What Boeing needs is leadership that appreciates the craftsmanship and work quality behind building a stellar airplane. Someone of an engineering background with a long-term vision and pride for their product. These professional CEO's only cater to shareholders and their stock portfolios, and reap the benefits of the achievements of times past.
@donalddodson7365
@donalddodson7365 Жыл бұрын
Agree. The era of the bean counters.
@Tony_VW
@Tony_VW Жыл бұрын
@@donalddodson7365 I’m a bean counter, and stock markets nowadays barely rely on the product of accounting, only solid investors who look for added value do.
@Thegonagle
@Thegonagle Жыл бұрын
America needs more CEOs that know the business of their business, so they can grow the balance sheets by being good at what they do. Accountants might be good at solving short-term issues and steering companies back to a positive cash flow, but they’re often bad news if they stay in charge long term. Unlike a CEO that knows the ins and outs, the nuances, the minutia of their specific industry, accountants tend to keep running the company like they’re broke instead of getting back to doing all the things that made them successful in the first place.
@CngDelta757
@CngDelta757 Жыл бұрын
And with management leading by example. Workers have no passion or motivation and just want to steal as much from the company as legally allowed.
@CKLee-rs4kl
@CKLee-rs4kl Жыл бұрын
McDonnell Douglast corrupt culture took over Boeing, which was a very upstanding company under Frank Schrontz, and subsequently declined under Phil Condit (an engineer who should never have been promoted to CEO). Its long past time for Calhoun and all of his supporters to go. They're directly responsible for the decline of technical excellence at Boeing.
@user-ob8en1ef4s
@user-ob8en1ef4s Жыл бұрын
*A Boeing 737 Max flight attendant walks into a bar and orders a martini* . "You're here later than usual," the bartender comments. "Problems at work?" "Yes, just as our flight was about to take off we had to turn around and wait at the gate for an hour." "What was the problem?" the bartender asks. "The pilot was bothered by a noise in the engine," she replies. "It took us a while to find a new pilot."
@kylecasey3072
@kylecasey3072 Жыл бұрын
As someone who has been working at boeing for the past 5 years, I can say we do have a leadership problem. Every decision management seems to choose the most illogical choice. They've hired completely incompetent yes-men to fill most positions. I got told by one of our engineers that Pitot is not effected by atmospheric conditions. I really hope we can clean house and get ourselves back on track to be like the great Boeing of the past.
@kittytrail
@kittytrail Жыл бұрын
he's right though, they're not _effected,_ only _affected._ 😏👌
@jkeelsnc
@jkeelsnc Жыл бұрын
Back on track? That is not how corporations work. The shareholder comes first. They are dead and they have already shot themselves in torso and are in a flat spin for the ground. Once the suits and the MBA's get access to the books and destroy all of the VALUE in their product the company is doomed. Usually companies do not recover because the people at the top maintain their position with an iron first and push out the good people who tell them what they need to do. The death of a great company. Good bye Boeing. And good riddens. I look forward to seeing GM and Ford go with them.
@eugeniustheodidactus8890
@eugeniustheodidactus8890 Жыл бұрын
I feel your pain, as a retired airline pilot who idolized BOEING back in the day. These days, Boeing is worth less than two shits.
@erikarabie
@erikarabie Жыл бұрын
Please report to HR ASAP
@Sashazur
@Sashazur Жыл бұрын
As a member of the flying public who knows a little about aeronautics, the fact that an engineer working for an aircraft manufacturer said that is scary!
@DDPAV
@DDPAV Жыл бұрын
I've lived just outside of Seattle since the 70's. Boeing went from a company people around here respected for being innovative and quality driven, to a company that many around here won't fly on their planes. The move to Chicago was basically to turn a highly engineered, quality aircraft into a piggy bank for Wall Street. The suits in the fancy offices will be more than happy to have shrinking market value and ancient tech as long as their bonus checks keep pouring in........
@mwat22
@mwat22 Жыл бұрын
I agree, it's not going to change as long as Boeing is in bed with wall Street, those two and innovation don't go along cause innovation requires money or resources which Boeing management is unwilling to avail for engineers to really run wild
@DDPAV
@DDPAV Жыл бұрын
@@mwat22 Sad but true.
@ThomasLee123
@ThomasLee123 Жыл бұрын
I WAS A FLIGHT GUIDANCE SYSTEM ENGINEER FOR WIDE BODY AIRCRAFT. EVERY TIME A PLANE CRASHED I SWEATED BULLETS. FORTUNATELY, NONE OF THEM WAS EVER MY FAULT. 😪🤓
@ItsAllAboutGuitar
@ItsAllAboutGuitar Жыл бұрын
Detroit 2.0, how sad
@regisdumoulin
@regisdumoulin Жыл бұрын
Totally right. The worst is I do have a nagging feeling that some of those executives would be quite happy for Boeing to sell re-badged Airbuses if they thought they could make a profit that way!
@miked8121
@miked8121 Жыл бұрын
Boeing's problems began when they moved their headquarters from Seattle to Chicago in 2001 thus separating management from engineering. This is a fundamental and sometimes fatal error. They then started outsourcing some of the major parts of their new commercial aircraft. I also suspect that Elan Musk dipped into some of their best and most innovative engineers.
@francoistombe
@francoistombe Жыл бұрын
When Douglas designed-built the DC-3 the engineers were upstairs above the fabricators. They worked together and problems could be addressed in minutes. Contrast that to where the designers, fabricators and management are thousands of kilometers apart. Prioritizing profits over the material factors that create the income is a recipe for failure.
@JustaGuy316
@JustaGuy316 Жыл бұрын
That's on purpose. Management needs to insulate themselves from the nuts and bolts of the operation, so that when they make dumb decisions they aren't questioned by the practical people. It happens when you have insecure management that is ignorant to the business they are running and do not want to admit it.
@Nebulorum
@Nebulorum Жыл бұрын
The book Obliquity talks about this. Boeing is more a more driven on stock owner value and less on their core market.
@7667neko
@7667neko Жыл бұрын
A fatal error, only sometimes? In engineering branch of industry?
@CKLee-rs4kl
@CKLee-rs4kl Жыл бұрын
I point to the corrupt management which has been ruining the company from the inside since the "purchase" of MD (more like Boeing giving money to the devil to destroy its soul).
@demopem
@demopem Жыл бұрын
Boeing went stagnant when they merged with McDonnell-Douglas.
@nickolliver3021
@nickolliver3021 Жыл бұрын
they are not stagnant anymore
@InquisitiveBaldMan
@InquisitiveBaldMan Жыл бұрын
As part of this process, the engineers who had lead boeing were pushed out by financial people. Boeing died when the engineers were no longer in charge. Don't expect anything innovative any time soon.
@nickolliver3021
@nickolliver3021 Жыл бұрын
@@InquisitiveBaldMan well if they died they wouldn't exist now. Engineers are going back in Charge and we won't see anything innovative from airbus anytime soon either
@RS-ls7mm
@RS-ls7mm Жыл бұрын
Boeing crashed when they started to reduce IR&D every year. By the time I left it was near zero. Can't be innovative if you don't invest in research. Also doesn't help when you stuff highly educated people into noisy cubicles, cancel all maintenance, and have management impose impenetrable "processes".
@wademchenry1560
@wademchenry1560 Жыл бұрын
DC-10 Contagion
@jimhalpert9421
@jimhalpert9421 Жыл бұрын
Whenever a company is starting to penny-pinch too much and starts to oursource even its engineers, then you know that it won't be around for much longer.
@cargopilotguy305
@cargopilotguy305 Жыл бұрын
Boeing needs to become an engineering company again.
@nonionbeezness
@nonionbeezness Жыл бұрын
Boeing had absolutely zero respect for or care for engineering as a profession as evidenced by at least two decades of further and further minimizing engineering and professional engineering. That ship has sailed. We are in a world , similar to other industries, where the quality of a company’s products don’t matter. It’s al about brand name, return on investment and optimizing efficiencies. Get the minimum viable result in the cheapest possible way. Of tech school recent hires can do that , that’s they way it goes.
@sadmanh0
@sadmanh0 Жыл бұрын
it feels like Boeing is just trending towards the average business in US and Canada where they rely on market dominance and govt bailouts for constant growth instead of taking any risks.
@lt_dreams96
@lt_dreams96 Жыл бұрын
Zombie company. Sad. I wish boring success, but not like this 🥺
@FloorItDuh
@FloorItDuh Жыл бұрын
Yep and the governments are not going to let them fail. They will bail them out because they are "too big to fail" and the companies know this.
@1MinuteFlipDoc
@1MinuteFlipDoc Жыл бұрын
GE got the biggest corporate bailout in history. -------------------- The bailout was a disgusting $139 billion. Despite the bailout, GE is still doing worse than ever. They’ve sold off the vast majority of their businesses and they’re only left with healthcare, aviation, and energy. And GE is planning on spinning off healthcare and energy within the next few years as well. So, GE will only be left with the aviation industry.
@theultimatereductionist7592
@theultimatereductionist7592 Жыл бұрын
Got to ask: 1. IN WHAT POSSIBLE WAY can one create/invent something new on aircraft? 2. WHY DO WE NEED any new types of aircraft to be invented? You have given NO answers to these questions. Why invent new types of aircraft just for the sake of creating new types of aircraft when you can use the designs you already have that have proven to work? Unless you invent an aircraft that can break the laws of thermodynamics, then any invention will be a trivially insignificant improvement.
@neilpickup237
@neilpickup237 Жыл бұрын
I was once told by my economics teacher that short-term gains invariably result in long-term losses (which could mean actual losses or significantly reduced profits). I wonder if textbooks of the future will use Boeing as an example? Yes, my preference is for Airbus, but I want to see Airbus continue to improve because they have worthy competition across the ranges at the engineering level. It would be terrible if all Airbus had to do to sell aircraft is to use the sales pitch 'Not a Boeing' and decide that they no longer need to be as adventurous with their new designs.
@trueriver1950
@trueriver1950 Жыл бұрын
Sadly, the stock market and politicians both go for short term gains regardless of the long term costs
@texmurphy5611
@texmurphy5611 Жыл бұрын
I completely agree with everything you said - having finance running a company is a recipe for disaster. Finance’s job is to cut costs and ensure profitability, but numbers cannot quantify concepts such as sales derived from leadership and long term innovations. You don’t cost cut your way into leadership - or resort to financial tricks that ultimately kill your suppliers with net 90, 120 payments. You lead by seeing why Airbus is more agile in design and execution, improve on their process and exploit your inherent strengths to release designs that build on your leadership. This is what happens when you have an accountant as a CEO.
@CKLee-rs4kl
@CKLee-rs4kl Жыл бұрын
Finance's job is to account for expenditures and make sure the company's credit rating excellent; it is purchasing's job to negotiate contracts to insure the best price for goods and services. I wasn't aware Calhoun is an accountant; I thought he was just a thief.
@davidcole333
@davidcole333 Жыл бұрын
Accountants just account. Yhey run a grand total of 0 companies.
@pizzablender
@pizzablender Жыл бұрын
ASML sees their suppliers as partners. You share information with partners to reach mutual improvement, and I doubt you let them wait 90 days for their payment.
@craigkdillon
@craigkdillon Жыл бұрын
It is worse. Accounting is the department responsible for identifying areas for cost savings. Finance might still have a broader perspective, but Accounting never will.
@ThomasLee123
@ThomasLee123 Жыл бұрын
EXACTLY. SOMETHING I HAVE SEEN WAY TOO MANY TIMES. ALSO, THERE IS A LOT OF JEALOUSY/ENVY IN MOST BOARD ROOMS. EVEN WORSE NOW THAT THEY HAVE FALLEN IN LOVE WITH WOKEISM. GO WOKE, GO BROKE!
@cjmillsnun
@cjmillsnun Жыл бұрын
Boeing needs someone like Alan Mullaly who was in charge of the 777 project early on. Someone who appreciates engineering and wants things to be done right.
@MrJjking10
@MrJjking10 Жыл бұрын
Agreed
@beagle7622
@beagle7622 Жыл бұрын
Surprised more people aren’t saying this. I read the book about him going to Ford, the reason for leaving Boeing did really did not sound believable.
@TinLeadHammer
@TinLeadHammer Жыл бұрын
Wasn't it Alan Mulalli who first proclaimed One Ford (for, like, the third time in the last forty years), then decimated the model lineup and replaced cars with trucks?
@keithwalter1241
@keithwalter1241 Жыл бұрын
"I have never heard of a company retiring itself into greatness". That was a great statement!!! I have watched your video's for many years now, and you continue to excel to deliver timely and important content to those of us that love the aviation industry. Thanks to you and your team for such a great job!!! Happy and safe flying!!!
@JackdeDuCoeur
@JackdeDuCoeur Жыл бұрын
So much industry in the US has moved into finance rather than manufacturing - that's fine if it works out, but not for Boeing, it seems. They've abandoned the engineering focus that supports their enterprise and they may turn around to find the tree supporting this limb has gone away. Sad news. Nice analysis.
@williamlathan6932
@williamlathan6932 Жыл бұрын
Executives all need an engineering background, stop stock buybacks to put $ into R&D, and remember that the engineers made Boeing great , not MBAs.
@mshotz1
@mshotz1 Жыл бұрын
Look at the situation with the railroads in North America, they made huge profits, but are falling apart because management do not know the first thing about railroads.
@Argosh
@Argosh Жыл бұрын
​@@mshotz1 lack of knowledge isn't the problem. Unchecked turbo capitalism is.
@Dexter037S4
@Dexter037S4 Жыл бұрын
@@Argosh It's both actually.
@michaelnigbor697
@michaelnigbor697 Жыл бұрын
Dave Calhoun doesn't even have an MBA. He has a BS in accounting from Virginia Tech.
@tjnucnuc
@tjnucnuc Жыл бұрын
Glad you also mentioned it. These are the same “leaders” that demanded a tax funded bailout after buying back all their stocks!
@WayneHauber
@WayneHauber Жыл бұрын
I recall a family member working on a 757 replacement project when he was in his early 20’s. The project closed and most of the engineers were tasked with the 787 development. 20 years have elapsed and the senior engineers from that project must be in their 60’s. The recent aborted narrow body project would have drawn from that experienced crew. In 10 years, the senior engineers from that first 757 replacement project will be sitting on a beach somewhere. Our family member is now in his early 40’s and is a senior engineer with 20 years of experience in an area completely unrelated to airliners.
@djtomoy
@djtomoy Жыл бұрын
They just need someone who understands that planes need to fly in the air.
@GreenTableDude
@GreenTableDude Жыл бұрын
But what about the Stock market? The quaterly report and Saint Smith request for imaginary growth now! Who needs real progress when you just want a bigger number in some imaginary tables. 🙂
@GreenTableDude
@GreenTableDude Жыл бұрын
I would level 3/4 of business schools in this World 🤣 (not the poor people) just the institution. So those people educate themself outside this church. There is more than your god of quaterly reports in this world 🙋‍♂️
@theultimatereductionist7592
@theultimatereductionist7592 Жыл бұрын
@@GreenTableDude Amen! I would, too.
@kittytrail
@kittytrail Жыл бұрын
​​@@GreenTableDudeonly three quarters of those? you softie... 😏
@GreenTableDude
@GreenTableDude Жыл бұрын
@@kittytrail i still think their are some aspects of econonics which need to be addressed. But most of their actual decisions basically boil down to a short term version to the primal rule of three. Its like the studied one course not a full proficiency 🤣
@pdunderhill
@pdunderhill Жыл бұрын
Has anything gone right for Boeing since 1997 and the 'merger' with McDonnell Douglas?
@Hans-gb4mv
@Hans-gb4mv Жыл бұрын
Can we stop referring to something that happened over 25 years ago? Boeing needed to evolve anyway. You can't just keep developing aircraft in a way where money is not an issue and where you can make your designs as expensive as you'd like. That's a sure way to bankrupt your company in the 21st century. It's not as there are no alternatives for Boeing products.
@sambhavkumar3865
@sambhavkumar3865 Жыл бұрын
@@Hans-gb4mv actually the md and Boeing merger was start of decline of Boeing because of involvement of greedy corporates of MD since then they have shifted Boing's focus more towards profits and their stock prices , they even started to buy back shares just to increase their stock price and please their investors and less towards innovation
@shadowfaxcrx5141
@shadowfaxcrx5141 Жыл бұрын
@@Hans-gb4mv So you're saying the company culture that killed one aerospace company has absolutely no impact on the one it's running now? That's... Curious. MD's failure to develop a twin larger than the MD80 led directly to its downfall because innovative Boeing steamrolled MD with not just one twin, but four. Meanwhile MD was trying to sell the MD-11 as its bigger-than-a-DC9, but its safety record (not all the airplane's fault, but that doesn't matter to the flying public) made that a tougher proposition, especially when you take into account the idea that their 3-holer burned a lot more gas than Boeing's twins were consuming. Didn't help that it lacked the range it should have had, which positioned the A340 well against it. The merger should have been more along the lines of Boeing management running the company and firing the decisionmakers at MD, but instead Boeing decided to go with the unsuccessful team to lead the new company, with predictable results.
@johnny_eth
@johnny_eth Жыл бұрын
​@@Hans-gb4mv but Boeing already had a new airplane. That's the 787. They could make smaller versions of the 787 with a single or double isle.
@Blank00
@Blank00 Жыл бұрын
777-200LR, 777-300ER, 777F, 747-8 are all perfectly safe
@jsvette56
@jsvette56 Жыл бұрын
I was a newly minted engineer working in Seattle when the 727 was being certified and later in Huntsville on the Saturn V moon rocket. The company was well run as management was in Seattle and had engineering and flight backgrounds. Then corporate moved to Chicago with the executives becoming financially motivated focusing one the stock price so they could get their golden parachutes.
@philipsmith1990
@philipsmith1990 Жыл бұрын
'Retired itself into greatness'. A great phrase and highly relevant.
@kenbrown2808
@kenbrown2808 Жыл бұрын
what Boeing needs is not a person who loves self promotion or finding ways to monetize bug fixes. what Boeing needs is someone who loves building airplanes.
@neeneko
@neeneko Жыл бұрын
and someone who plans on doing so for more than a couple years. planning to not be around when your decisions start getting implemented.. disaster.
@martharetallick204
@martharetallick204 Жыл бұрын
Like the founder of Learjet.
@ThomasLee123
@ThomasLee123 Жыл бұрын
ABSOLUTELY!! I HAVE THAT LOVE MYSELF.
@peteorengo5888
@peteorengo5888 Жыл бұрын
I worked at Boeing in flight testing in the late 80s to early 90s and their leadership problems date back to that era. Their first mistake was 737ng production instead of the new clean-sheet design they had been planning. Then outsourcing everything to sub-contractors. That has created supply chain problems for decades. They could have made Allan Mulally (777 program manager among other things), CEO but instead they brought in a corrupt dud. They have steadily eroded their engineering and production base. I now fly 787s for a living and it is a fantastic airplane although that has also been plagued by the same old problems. A 737 replacement based on the same technology as the 787 would be a game changer. No need for pie in the sky technology. To answer the question, the company vision is set by the board of directors. They should be the first to go. They have been notoriously short sighted and stupid. If it wasn’t for the massive military contracts, Boeing would certainly have gone under.
@Supercity2000
@Supercity2000 Жыл бұрын
I am not sure vision is the issue; I would say execution has been their main issue for the past few years. Fixing engineering and quality seems to be a very reasonable priority, especially as they have a solid aircell portfolio. I wish them a speedy recovery:)
@nntflow7058
@nntflow7058 Жыл бұрын
They also need to simplified or update their offerings. MAX9 became redundant when they introduce MAX10. B787-10 doesn't have enough range and payload. Nobody likes the B777-8. And B777-9 is too little too late to get more orders.
@intodevnull7984
@intodevnull7984 Жыл бұрын
Weren't the quality problems driven by unrealistic deadlines, likely set by the leadership? It feels like the problems in execution are more symptoms of leadership issues
@Supercity2000
@Supercity2000 Жыл бұрын
@@intodevnull7984 leadership is accountable for both vision and execution. I recommend reading ‘extreme ownership’, on this topic 🙂
@khakiswag
@khakiswag Жыл бұрын
Engineering can only do so much when they’re being nickel and dimed by accounting. Boeing’s laser focus on every penny spent killed them. This is the sole reason they’ve stuck with the ancient 737 platform instead of going clean sheet. It’s cheap to build and was a cash cow. The 737 built their financial empire and the 737 is going to kill the company.
@RobertsonDCCD
@RobertsonDCCD Жыл бұрын
@@intodevnull7984 I agree, and leadership’s short-term bottom line attitude is at least as much to blame as their timelines.
@Thegonagle
@Thegonagle Жыл бұрын
I’m just some random guy, but if I could, I’d tell Calhoun that if he wants to be the leader, Boeing needs to keep building new planes. The 787 is amazing and beautiful to boot, the 777 is getting a needed refresh, and the 737 remains a dependable cash cow, but without the next new thing up their sleeves, they can’t be innovators. If you can’t be an innovator, you can’t stay a leader.
@mapleext
@mapleext Жыл бұрын
I’m just some random woman and I agree. Really smart engineering and innovation seems like leadership to me
@lithh5683
@lithh5683 Жыл бұрын
Looks like Boeing needs to get out of their complacency and quick! Another great video Petter!
@MentourNow
@MentourNow Жыл бұрын
Many thanks!
@uwekonnigsstaddt524
@uwekonnigsstaddt524 Жыл бұрын
@@MentourNowthumbs down. Completamente estoy en desacuerdo. Obrigado and fly safe!!!! If it ain’t Boeing, I ain’t going. Post Tenebras Lux
@jaws666
@jaws666 Жыл бұрын
​@@MentourNow Hello Sir....big fan of your videos....i have noticed you have mentioned Dublin a few times...is that where you are based ?
@Eternal_Tech
@Eternal_Tech Жыл бұрын
@@jaws666 Mentour Pilot is based in or near Girona, Spain.
@jaws666
@jaws666 Жыл бұрын
@@Eternal_Tech but does he fly to Dublin on a regular basis?
@paulkirkland3263
@paulkirkland3263 Жыл бұрын
I didn't know I was interested in airlines and airliner manufacturers until I found this channel.
@alanbarbier3521
@alanbarbier3521 Жыл бұрын
Boeing's fate was sealed when WALL Street insisted that Boeing's stock pay a dividend and so the company was "Financialized" and among other things, they laid off 1300 engineers. This forced Boeing to come up with some creative shenanigans when switching to the more economical but larger engines for the 737. The rest is history. Essentially Boeing was transformed from a profitable world class aviation design and production power house into a low reliability has been aviation company, soon to be eclipsed by foreign manufacturers that have greater ability to refuse investor greed.
@oldmandancing
@oldmandancing Жыл бұрын
If Boeing announced that they were not going to release any new airliners before 2035, and they knew this was not their intention, it seems to me that they could find themselves in hot water for trying to manipulate their stock values. I'm certainly NOT an industry expert, but I think that needs to start by doing a better job of damage control from the hits that their reputation has taken over QA issues.
@bobbrewer5182
@bobbrewer5182 Жыл бұрын
Not just damage control but they also need to genuinely address the quality issues. Just this week Qantas announced that they’re expecting a six-month delay on deliveries of new aircraft, including 787’s. Boeing then confirmed that they are facing delays on “near-term” 787 deliveries due to documentation issues.
@nickolliver3021
@nickolliver3021 Жыл бұрын
@@bobbrewer5182 Their 3 new 787s should not be delayed 6 more months so deliveries should commence before June this year
@CKLee-rs4kl
@CKLee-rs4kl Жыл бұрын
And that means to go back to the beginning of the process and clean up their engineering and roll it all out to manufacturing to regain the excellence they once were famous for.
@nickolliver3021
@nickolliver3021 Жыл бұрын
@@CKLee-rs4kl that's exactly what has happened the last year or so.
@norlockv
@norlockv Жыл бұрын
Every point you’ve made about the management’s decisions can be traced directly to GE in the 1990s. From engineering in low cost countries, to delaying payments beyond 90 days, the GE pedigree of the senior team is evident.
@jfmezei
@jfmezei Жыл бұрын
The 767 was replaced by the 787 which had bveen resized to compete against the A330 which had been stealing all 767 sales. But once oaunched, airlines wanted even more capacity and Boeing agreed to densify cabin designed for 8 across to 8 narrower seats, and and when you look at sales, the larger -9 sold more than the -8. When Boeing launched the 777, it was its first new clean sheet design launch since late 1970s launch of 767/757. And it was a very conservative aircraft (the FBW imitated conventional cockpit) filling the DC-10 gap in Boeing's lineup. Not long after 777 entered service in 1995, Airbus started toying with the A3XX and doing a lot of R&D on composites and making lighter aircraft. Being was criticised for lacking innovation. Boeing then came up with the "Sonic Cruiser" concept of innovative design going at near speed of sound. Airlines told Boeing to go back to drawing board and it then came back with the 767 replacement, the 787 which incorporated many of the R&D oeing envisaged in the Sonic Cruiser (namely, the NASA sponsored research on all-composite single piece fuselage barrels) and the all electric design. (no bleed air, electric brakes etc). Boeing then istantly shined in the limelght as being very innovative and its 787 stole all sales from the A330 util Boeing couldn't deliver and delays caused sales to go back to A330. During that time, ETOPS extentions also made the A340 irrelevant (its only advantage was ability to fly polar routes which twins coudldn't) and 787 also stole those sales until airbus finalized the 350 which put some balance back. Because Boeing fought so hard against govenrnent help to AIrbus over the years, the 787 was hampered because apart from the huge help it got from NASA, it couldn't be too much for govt help so it spread the risk with suppliers, notably Voight which failed to deliver and Boeing had huge production problems which really ruined its image. (Being ended up biuing Voight to fund it properly). When the time came for Boeing to update its 1967 737, Airbus (weakened by the double 380 and 350 developments) was very releived that Boeing chose to re-engine the old 737 instead of building a clean sheet design which would have forced Airbus to respond in kind with a replacement of the 320 family. Instead, Airbus only needed to re-engine the 320 family. The MAX fiasco resulted in one huge change: getting derivative designs approved by FAA was no longer a cheap rubber stamping, but not more involved testing campaign much closer to a clean sheet design. Boeing right now has a HUGE backlog of old 737s to build which will keep Boeing busy for years to come. It is down to 3 aircraft in production: the 737, 787 and 777. For Airbus, the A220 has taken up the lower end of narrowbody, allowing it to focus on A320/A321 or longer. Boeing still needs to decide whether to restart kinship with Embraer which would allow it to fill gap for smaller 737s and focus on growing narrow body to cover from 737-8 to 757. Until such a strategic move is decides, Boeing will play dead and not give Airbus any advance notice of its goals. The other aspect is one of climate change. many European countries are starting to consider banning domestic flights, pushing people onto electric trains instead. If this catches on, it will have huge impacts on market size for the 737, Embaers, A220 and Dash-8/ATR-72. It is also unclear what happens to Russian aviation which had become such a good buyer of western aircraft since the 1990s. And lastly, there is currently no compelling technology advance to make a 737/320 replacement a game changer. The 320neo already has the Pratt geared turbofan like the A220. The big unanswered question in this is whether Boeing's bet with the 787 worked out. Did all-composite achieve the revolutionaly weight savings that had been promised? Did it lower production costs as promised? Did the all-electric design truly pay off in terms of fuel efficiency and weight of aircraft? In other words, when Boeing designs a brand new replacement for 737, how much of 787 philosophy will it inherit vs conventional fuselage and systems? I am pretty confident Boeing is hard at work on R&D and that it knows it next big project is replacement for the 737 which will encompass 757. But continued sales of 737 MAX and healthy order book means it is in no hurry, and the longer it waits, the more of a step change the replacement will be. The A380 really pushed the limits, from wing size, landing gear that didn't punch holes into tarmac/runways, and able to fly with enough efficiency to sell. A plane the size of 737 to 757 pushes no limits, so it is just a question of making better than existing aircraft. The last aspect is that Boeing needs approval from its boss, Southwest Airline to discontinue 737 and create totally new narrowbody. But I am pretty sure that Boeing is very busy doing R&D to see what sort of design ciuld work for replacement of 737 and what the market will look like. On Russia: Boeing started to hire Russian engineers as part of post-cold war prevention of these going rogue to design milityary stuff for everyone and anyone. (same with nuclear engineers). Also, this helped Boeing make sales of its Boeing jets to Aeroflot and other new airlines there. When Bombardier was faltering, it offered to sell the C-Series to Boeing, and it refused. When the Québec government wanted to offload C-Series, Boeing again refused. It instead helped send Bombardier into liquidation. But that left door open for Airbus to snatch the engineers. Boeing could have bought the CRJ programe for its patents and engineers, it didn't. Boeing could have bought the Dash-8 and its engineers and it didn't.
@MrCaiobrz
@MrCaiobrz Жыл бұрын
I agree, too much focus in this video is spent saying Boeing is not doing anything new, but where is the "new" Airbus? where is the "new" Embraer? They are also waiting and monitoring the market, and there is a very important point missed here that proves how hard it is to jump Boeing: If the new middle-sized aircraft is so sought after and a missed opportunity, why Airbus that is in a position "so much better" didn't jump at it and put the last nail in the coffin? Well, because things are not as simple as this video make it seem. Literally EVERY aerospace company is waiting for how the future of legislation around emissions, new technologies that are "on the brink" of success, and new developments, and most important, how the market settles after covid turn out. Investing heavily in a new plane right when things are starting to settle is the worst thing you can do.
@mimimotor
@mimimotor Жыл бұрын
The many spelling errors undermine the credibility of this essay a bit.
@StevePemberton2
@StevePemberton2 Жыл бұрын
@@mimimotor I base credibility on the content and the arguments presented. Perhaps for you it's easier to focus on things like searching for spelling imperfections as a way to gauge whether the author's arguments have merit. Most people have a limited amount of time to post comments here and if they choose to prioritize that time on content rather than proofreading that's fine with me. I'm happy whenever anyone takes the time to share information.
@alexanderm2702
@alexanderm2702 Жыл бұрын
@@mimimotor What? 🤣 That comment is better than 99% of published articles.
@sedrakpc
@sedrakpc Жыл бұрын
I worked in Boeing for many years and hate to say I told them so. 1) I thing Douglas merge was a mistake it’s bad, greedy, numbers focused management culture speeds everywhere. 2) I work a few years on weekends on my free time just to finalize work which was accepted/forced by management as completed, but I thought wasn't, we are risking a lot of people after all. And was constantly blamed by management for wasting my time on unnecessary improvements. Of course I left as soon as it was not possible for me to work on weekend because I started a family. 3) Overall qualification of engineers was extremely low, especially after they move a lot of production out from Seattle to cut even more costs. Ehh.. I’m sad, but it seems this is how nature works on business landscape. Big, old greedy companies have to die one day to open space for new competition. I think highly knowledge-intensive engineering companies must be leaded by technical people better if by the best engineer, because we more eager to listen and be inspired by engineers with higher qualification. Still carrying 787 tail on my backpack despite I left 8 years ago.
@lukavujeva6584
@lukavujeva6584 Жыл бұрын
Many people said that McDonnell Douglas managed to “purchase”Boeing by using Boeing’s money. Well, it seams that dividends are now paying off.
@Oferb553
@Oferb553 Жыл бұрын
I am an engineer, working for Israel aviation industries for long time. I mostly agree with your opinion, that if a company stop research and development it dies out. Their knowledge base worths billions of dollars. They have to maintain it, by getting more engineers and continue research, otherwise they will lose it, and the company will eventually die out.
@lennoxbaumbach390
@lennoxbaumbach390 Жыл бұрын
I’ve honestly stopped counting by now, how many times Boeing has shot themselves in the foot, just in the last few years. It’s honestly really depressing to look at.
@ressljs
@ressljs Жыл бұрын
I don't understand why they said they won't even go to the drawing boards until the end of the decade. I can get reassuring investors that they're not going to panic and rush something out and end up with another MAX-like disaster. But to admit that they plan on sitting there for seven years before they even begin to work on a new design sounds like defeatism.
@hannesgroesslinger
@hannesgroesslinger Жыл бұрын
When talking about everything that has gone wrong for Boeing in the last couple years, you should also mention the "CST-100 Starliner" spacecraft they are currently developing. It was supposed to regularly transport astronauts to the International Space Station starting in 2018. Now, 5 years later, it still has not completed a crewed test flight. On it's first uncrewed flight there were so many issues that NASA ordered them to repeat that test and bear the cost for that themselves. This repeat test flight alone set Boeing back several hundred million dollars. Most issues came from seemingly simple issues that should never have slipped through quality control. Like for example the spacecraft performing certain maneuvers way too early because the mission clock was set to the wrong time... While Boeings aircraft and spacecraft divisions are not really connected to each other in terms of engineering, it is still all within the same company group. Having a project with such massive cost overruns can not be good for the other divisions of the group, especially if those are not really doing well either.
@williamgreene4834
@williamgreene4834 Жыл бұрын
Meanwhile, SpaceX is moving at incredible speed. Boeing will never catch up. :)
@EShirako
@EShirako Жыл бұрын
@@williamgreene4834 I would have said that too just two years ago...but I'm no longer so sure how things will go with their "Great Engineering Dad/CEO" jerking around in Twitter and micromanaging the place like it's an MMO for just-him. Which I suppose it is, now that I think about it...but there's no 'end-game content' and the 'grind' will involve ruining the company. I love Tesla cars, and their crash-safety record includes some AMAZING "And then we all walked away with only a few scrapes and bruises!" stories, but as he putters around with Twitter-mmo, jerks around, and levels up in "Why is nobody seeing my tweets now, waaaah!", Tesla's latest few reveals has been "Cybertruck actually works now!", and "More price cuts for the Teslas! Also, less sensors again." If he keeps futzing around with Twitter and his 'woke-war against nonexistent-enemies', Boeing may not NEED to catch up...they might just keep 'messing up but not failing' while he's sucked into the 'end-boss raids' of 'fights with the FCC and the DOJ for violating his restrictions and the pre-existing consent decrees that he's knowingly-ignoring' and they'll just half-ass their way slowly past his work. I'm starting to worry that Musk has fallen into the best trap anyone can make for themselves; "Only I Can Fix It", but there's nothing TO fix. It's a confirmation-bias and maybe an equivalence-bias and a strawman-fantasy all wrapped up into a corporation. Witness his 'company earnings call' or whatever it was recently where he said basically, "Tesla is doing awesome right now...I mean, I have 175 million followers!" Oh! In fact, I suspect there might be something to my comment in this "Wendover Productions" video titled "How Tesla Fumbled". And maybe that's not in there; I mention that I haven't watched it yet, but once I drift off to watch that I'm not likely to remember to come back and say "Hey, this really explains my worries for Tesla!" later on. :) Hopefully this is a sensible recommendation. Oh well. Reality is annoyingly-complicated sometimes.
@theultimatereductionist7592
@theultimatereductionist7592 Жыл бұрын
Got to ask: 1. IN WHAT POSSIBLE WAY can one create/invent something new on aircraft? 2. WHY DO WE NEED any new types of aircraft to be invented? You have given NO answers to these questions. Why invent new types of aircraft just for the sake of creating new types of aircraft when you can use the designs you already have that have proven to work? Unless you invent an aircraft that can break the laws of thermodynamics, then any invention will be a trivially insignificant improvement.
@williamgreene4834
@williamgreene4834 Жыл бұрын
@@EShirako Luckily Gwynn Shotwell pretty much runs SpaceX. She has also taken over direct oversight at starbase. She is really amazing and can keep Elon in his place. As long as she's there they will be fine.
@EShirako
@EShirako Жыл бұрын
@@williamgreene4834 Hm, oh good! I was rather enjoying our not needing to buy TONS of the 'leftover Russian rocket motors' (RD-180, wasn't it? We were buying their warehoused spares or something.) for everything we wanted to send into space, but we had few/no skills or facilities for making advanced rocket engines left since we shut our stuff down and laid everyone off.
@alsleepr
@alsleepr Жыл бұрын
My nephew is an engineer with Boeing, and is doing quite well. I hope for his sake and his generation that Boeing does stay competitive. They have really caused a boom in his city.
@alsleepr
@alsleepr Жыл бұрын
I'm not on telegram but do follow you on Instagram. Thanks for the thoughtfulness!
@kennethmcdonald4807
@kennethmcdonald4807 Жыл бұрын
In the collective mind of the flying public Boeing is guilty of putting profits ahead of safety.
@johniii8147
@johniii8147 Жыл бұрын
Most of the filing public has no clue about it so don't think about it.
@RS-ls7mm
@RS-ls7mm Жыл бұрын
Show me one company that doesn't. You can't stay in business without profits and the profit margin for almost every business is razor thin due to competition. Airbus is happy that Boeing is getting the worst flak, it makes covering up their mistakes easier.
@ItsAllAboutGuitar
@ItsAllAboutGuitar Жыл бұрын
The passengers sure do to. Have you heard the bitching about $50 for luggage!!!
@karenshadle365
@karenshadle365 Жыл бұрын
Interesting to me because my brother was an engineer working for Boeing for 30-40 yrs. And some of the things he told me simply don't correlate with some of the things I'm reading here. In some of his later years there he expressed frustration over the company bringing in new employees, new engineers, which the older staff had to orient and train on the current project. He said it was as if the new hires were almost " temps" because as soon as they got oriented and up to speed, they were let go. And this cycle happened repeatedly. Told me it's hard to believe in training when you know the new guy will be gone quickly. The other thing he told me was that in the January before he turned 65 he basically was told he was going to be retired, from Boeing. He made it sound like he had no choice in the matter. An Engineer who'd worked for the company for over all those years? But my Bro said that this retirement, was against his wishes and prevented him from getting his full pension amount. He was a little bitter. Do I believe this? Dunno, might or might not be true. He DID say that a similar thing had happened to several of his cohorts.
@Bosko57
@Bosko57 Жыл бұрын
Not having a replacement for a 50 year old airplance (737) is inexcusable.
@GH-oi2jf
@GH-oi2jf Жыл бұрын
It isn’t really a 50 year old airplane. It is in its fourth generation. There have been many improvements which have modernized it. The reason it survives is that it is a good aircraft. Airlines would not buy it otherwise.
@GH-oi2jf
@GH-oi2jf Жыл бұрын
@@agoogleuser4317 - Boeing has had several hits.
@paulgush
@paulgush Жыл бұрын
Count your lucky stars if a 50 year old C-130 ever delivers you emergency supplies in the aftermath of a natural disaster
@hakanevin8545
@hakanevin8545 Жыл бұрын
Boeing is an engineering company. CEO David Calhoun is an accountant, literally. Do you need any more words?
@TassieLorenzo
@TassieLorenzo 4 ай бұрын
Correction: Was an engineering company. I suspect they would gladly put the Boeing name on an aircraft made by somebody else if it had a higher return! They already subcontract not just big sections of manufacturing but big sections of engineering to suppliers who they can screw down on price, don't they?
@Coupegt84
@Coupegt84 Жыл бұрын
It’s not clear that there’s much stomach for a new clean-sheet airplane within company management, given the financial debacle that was the 787 development process. Distributed engineering and risk-sharing partners combined with first-time technology implementations were supposed to save money, but the 787 has been more of a money pit than a moneymaker. Against this backdrop, the decision to simply refresh the 757 with a new carbon wing, modern engines, and modern avionics (to wrest some market share back from Airbus) would appear to be a no-brainer, but there’s been no stomach for that plan, either. It’s worth asking if there’s ANY plan for the company, moving forward. If doing nothing is the most profitable course of action, then that’s just what they’ll do…
@EShirako
@EShirako Жыл бұрын
Well, it's the most profitable FOR NOW...the issue is that CEO's aren't shot when the company dies under their watch. They get voted a 'golden parachute' and go on to screw up some other company to maximize shareholder value after the previous one proves that they can up shareholder-payouts by 10, 20, 50%...for a few years, after which it all falls apart. I wish "Maximize Shareholder Value" was just buzz-speak, but when you choose short-sighted solutions that cost-less-now and screw you 'eventually', that's exactly what they are doing...maximizing the "Now" while planning to just hit the Eject button (that some other company/long-ago designer made for them...I mean, a NEW Eject Button might not operate for him and then what?!) when it all goes down in flames metaphorically OR literally...or both! It's the path to "Yeah, but it doesn't matter to MY life, so whatever, it gets me my bonuses!" That path is profitable 'for now'...and why would they worry about 'Then'? That's for some other poor sod...or the Bankruptcy Administrator...to figure out. "I got mine; see ya, suckers!"
@jkeelsnc
@jkeelsnc Жыл бұрын
I'm not surprised. Many famous American companies are sitting on the precipice of failure due to lack of competent, technical engineering talent at the top of the company. MBA's and bean counters will not have any understanding of the high risk and the investment necessary to innovate and create new products that will actually sell well and work well in the market. Their management is not product oriented in the way that is necessary. It is all about the money and not about the product (which requires high risk, lots of spending, expensive engineers, and lots of years of time) that should be developed and refined. For a reference from entertainment. Kirk to Captain Harriman on the bridge of the Enterprise-B, "Risk is your business if you want to sit in that chair!". This is exactly the message that should be posted on the door and desk of every manager in the company. At the same time, Safety does matter. Cutting corners and pennies is not how you build an innovative, well engineered and safe airplane.
@Coupegt84
@Coupegt84 Жыл бұрын
@@jkeelsnc I grumble about the hard slant towards ever more complex and expensive engineering solutions, which drive cost in the wrong direction. An airline seat is only worth so much money, based on its earning power. If an airplane is so costly that it doesn't make sense to sell it (or buy it), then writing off the additional expense is the only way to keep the lines rolling. Creative accounting shouldn't be part of the engineering process...
@jkeelsnc
@jkeelsnc Жыл бұрын
@@Coupegt84 Actually, I often agree with this. The automotive industry is a good example.
@berkeleyfuller-lewis3442
@berkeleyfuller-lewis3442 Жыл бұрын
Thanks for a fascinating (and disturbingly sad) video. From afar (but-with my having decades of corporate management experience), I witnessed Boeing's so-called "merger" with McDonald Douglas, specifically with Boeing's (so-called) "leadership" MORPHING - FROM being a product / "on the ground" / Engineering & Innovation- oriented company, TO becoming a company run by hedge-fund, "spreadsheet tunnel-vision" bean-counter MBAs. That horrific "decision" was aptly symbolized by the company's INCREDIBLY stupid (yet telling) corporate headquarters move from Seattle (away from the Real World of production) over to its isolated "Ivory Tower" new location in Chicago. (No longer to be in proxmity with the supposed "whining" of its engineers). Fortunately, the 787 WAS in final stages of its launch by "the old team" and approach, but then, the 737-Max fiasco clearly reflected Boeing's out-of-touch "new" approach to management. Cheap out by trying to mount a huge new engine on a too-small old airframe, then cheap out with badly implemented, tested and trained "compensatory" software, while spending a fortune on slime-ball lobbyists (including getting the FAA to delegate inspections TO the company), and with that ignorant, "bean counter" mentality ultimately KILLING lots of passengers. So: I thought then, and think now that that was the beginning of the end for Boeing, a company I've always been a huge fan of. Sad.
@paulbade3566
@paulbade3566 Жыл бұрын
The software-controlled trim adjustment seems like quite a kludge to get around the engines' huge lever arm around the center of gravity (CG) at takeoff power, To me, it would make more sense to modify the thrust reversers to vector the exhaust somewhat downward and move the direction of thrust closer to the CG, thus reducing the tendency to increase angle of attack. This doesn't have to have the full range of movement used by military designs, so it should be relatively cheap and simple.
@Inkling777
@Inkling777 Жыл бұрын
Wall Street focuses on short-term profits. Designing nothing new boosts _those profits_ at the expense of the company's long-term viability. And if Boeing goes down as a result, Wall Street cares not. It will simply shift investments elsewhere, perhaps to Airbus or whoever arises to replace Boeing.
@23lkjdfjsdlfj
@23lkjdfjsdlfj Жыл бұрын
No, Wall St. will then _short_ Boeing. When Market Movers play the short game they pay for slander articles across various news outlets daily/weekly for as long as that drives the price down - and they'll drive it down to a penny stock to make a buck.
@NicolaW72
@NicolaW72 Жыл бұрын
Indeed, exactly.
@DC-id2ih
@DC-id2ih Жыл бұрын
Great video!.....This really does seem to be a never-ending, repeating pattern within many industries - i.e. a company starts off with amazing projects/products/entrepreneurship and over the years (or even decades) becomes a prized/respected industry leader....then (because of economic, competitive, and/or shareholder pressures) that same company starts to "sit on its laurels", assuming that it will somehow retain its leadership position forever as the result of past successes. I get that every industry is different, and that managing organizations the size of Boeing is extremely complicated....but I gotta say there is something really discouraging/depressing when you see high-tech companies becoming complacent and losing their way.....especially when there are so many examples throughout the mid/late 20th century that tell us what happens when these types of companies (and their mngmt) prioritize complacency and short-term shareholder returns over everything else....
@disculpateurdifferentiel4416
@disculpateurdifferentiel4416 Жыл бұрын
I remember the time when Boeing made fun of these little Europeans with their new Airbus A300 with a lot of smugness...
@ajg617
@ajg617 Жыл бұрын
With the new halt in 787 deliveries to 'correctly' repeat forward pressure bulkhead fatigue analysis things are not getting any better - they can't even deliver existing airframes consistently.
@stephen_101
@stephen_101 Жыл бұрын
No, it needs an engineering version of Jonny Ive.
@MentourNow
@MentourNow Жыл бұрын
Ha Ha very good Stephen! 😂😂😎
@Inkling777
@Inkling777 Жыл бұрын
Jony Ives? That'd mean planes so thin, there'd be only room for one passenger on each row. And it mean that, like Ives' infamous butterfly keyboard, the plane's controls would quit working after a few months use but not be replaced with a better design for five years. No, there were millions of Apple customers who were delighted when Ives left Apple. Don't put someone like him designing planes.
@AlbertoNencioni
@AlbertoNencioni Жыл бұрын
If your industrial "mission" is to sell overpriced toys to nouveau riches then a person like Jonny Ive is "Da man". Unfortunately passenger planes must fly, always, safely, profitably. You cannot slow down a jet by remote control to force, say, United Airlines to buy a new model or throw away perfectly good batteries. And you cannot ask JF Kennedy airport to buy proprietary push-tractors or Boeing-only jet bridges.
@pablofernandez-beri6646
@pablofernandez-beri6646 Жыл бұрын
Hi. When I heard "no new development" something hopeful came to my mind... No "new" development, but what about something like a rewinged reengined 767? They're still in production (cargo) after all, aren't they? It can carry around 260-290 passengers with a (current) range of around 11000 km (5900nmi), not bad compared to the A321XLR (244 passengers, 4700nmi).
@deciopenna
@deciopenna Жыл бұрын
I just love videos like this in your channel and the centered cohesive way you present the facts and build the video narrative. Thanks for all your work to the industry and to all the aviation community.
@andylane7142
@andylane7142 Жыл бұрын
To me it seems like Boeing like many many other organisations and even countries are on a troubling path of extracting value where value simply doesn’t exist anymore. Thinking they’re still in the good old days instead of realising its time to revolutionise. Create something new of value. It doesn’t mean they can’t turn it around but it would mean a change of course which would mean a change of ideas which would mean a change of people. The UK feels like a good analogy for Boeing right now.
@theultimatereductionist7592
@theultimatereductionist7592 Жыл бұрын
Got to ask: 1. IN WHAT POSSIBLE WAY can one create/invent something new on aircraft? 2. WHY DO WE NEED any new types of aircraft to be invented? You have given NO answers to these questions. Why invent new types of aircraft just for the sake of creating new types of aircraft when you can use the designs you already have that have proven to work? Unless you invent an aircraft that can break the laws of thermodynamics, then any invention will be a trivially insignificant improvement.
@willyolio9590
@willyolio9590 Жыл бұрын
It's not just their aircraft, their space division has not been impressive either... it absolutely reeks of maximum price for minimum effort.
@paulbade3566
@paulbade3566 Жыл бұрын
And then there are all of the problems with the new KC-46 tanker for the Air Force (based on the 767). The Air Force found all sorts of quality control issues such as metal shavings left floating around the airframe, just waiting to get into electronics and mechanisms, poor parts fit, and a refueling camera system that did not provide the operator an adequate sense of boom position. This was after competitors forced a re-bid, accusing Boeing of corruption in winning the contract. I think one or two people might have been made scapegoats for that, but it was not a good look for the company. The tankers are years behind the promised delivery schedule, and Boeing has lost more than $3 billion on the project due to all of the required fixes. That's one of the reasons they've become habitually tardy on covering bills.
@After_Campus
@After_Campus Жыл бұрын
With love from Kenya, East Africa
@fafnorcal
@fafnorcal Жыл бұрын
Exceptionally well researched video; thank you. Boeing’s last truly successful new aircraft introduction was the 777 in the mid-1990s. What happened to the man who lead that program? He was passed over for promotion to the C-suite, left Boeing and became CEO of Ford. A sign of things to come as Boeing was effectively taken over by MD.
@jpetes9046
@jpetes9046 6 ай бұрын
And I suspect he is quite happy with how things worked out.
@veerkar
@veerkar Жыл бұрын
Hi Pietr, I am a patreon supporter of yours (as you may recall). When I was in college I worked on engineering Boeing's design process. In other words, re-engineering the new product development lifecycle. My specific task was to help map the information dependencies between the design of the parts. With a goal to reduce complexity, cost, and shorten the lifecycle of developing a new plane. Learnt a lot.
@tedstrikertwa800
@tedstrikertwa800 Жыл бұрын
NO. It needs a Steve Wozniak.
@serkandevel7828
@serkandevel7828 Жыл бұрын
A comment as underrated as Woz
@PigglyWigglyDeluxe
@PigglyWigglyDeluxe Жыл бұрын
Agreed. Jobs was a major asshole.
@fk319fk
@fk319fk Жыл бұрын
Could you do an episode on the total cost of ownership of a plane? there are the initial cost and then ongoing costs to the manufacturer. Then there are maintenance costs by the owner.
@Eternal_Tech
@Eternal_Tech Жыл бұрын
@Pissedoff Cow58 Is the $600 million figure to operate the A380 for a year or over its lifetime?
@Republic3D
@Republic3D Жыл бұрын
Boeing should have launched a new 737 replacement program 10 years ago when they panicked and launched the MAX instead due to American Airlines and Southwest. The 787 Dreamliner program was so expensive they swore not to start any new "moonshot" programs. By some calculations (sunk costs) it's still not profitable. But what Boeing could have done is to use the 787 R&D to create a smaller version, the 737 replacement. They could have created a scaled down 787 with systems and flight deck commonality which would have been in the customer's hands right now.
@Bigolg1975
@Bigolg1975 Жыл бұрын
I used to work for a supplier to Boeing through Eaton Aerospace we build the 737 stab trim circuit boards, I hope they come out with something amazing next go around!
@xslickrickx2103
@xslickrickx2103 Жыл бұрын
I have mixed feelings on this. I’d love to see Boeing get their stuff together but sometimes you have to just jump off a sinking ship
@EternalModerate
@EternalModerate Жыл бұрын
There SOOO big though, is there really any realistic chance of them going under completely?
@xslickrickx2103
@xslickrickx2103 Жыл бұрын
@@EternalModerate probably not in the sense of them closing their doors and walking away but they could be bought out by / merge with some other company
@EternalModerate
@EternalModerate Жыл бұрын
@@xslickrickx2103 But by who? Airbus? I'm not sure the US govt would let that happen given they are a foreign company.
@xslickrickx2103
@xslickrickx2103 Жыл бұрын
@@EternalModerate could be any large company doesn’t have to be another airplane manufacturer. A conglomerate would have the ability to get funding. Like GE or J&J
@johannesgutsmiedl366
@johannesgutsmiedl366 Жыл бұрын
@@EternalModerate I guess loockheed would be the obvious choice but no idea if they have an interest in getting back into the civilian market
@mefobills279
@mefobills279 Жыл бұрын
The TSMC model of clustering works for them and used to work for Boeing. Clustering your operations in one locale along with suppliers speeds up feedback loops. The MBA types seem to think distributing the business around the world, and remotely locating the headquarters is the best model.
@donalddodson7365
@donalddodson7365 Жыл бұрын
Thank you! It is wonderful to see younger industrial leaders, like you, bringing light to the malaise plaguing many large organizations. I was in graduate school in the 1980s. We studied Tom Peters, Peter Drucker, Edwards Deming, Jack Welch, Frederick Taylor, Douglas McGregor. Later came Bill Gates, Steve Jobs and C. K. Prahalad. "Ready, Fire, Aim" and "Management by Wondering Around" became my compass. Perhaps giving the cyber-metric bean counters too much say is blocking innovation.
@quicksesh
@quicksesh Жыл бұрын
I think you have hit the nail squarely on the head ... as the ethos now is, what is the margin on this and when can I get the return of capital expended.
@MentourNow
@MentourNow 8 ай бұрын
Thank YOU for your support, its because of support from people like you that I can continue producing things like this! And sorry for my late reply, I just saw it now.
@WinterNevada
@WinterNevada Жыл бұрын
I really would love to see more casual videos from you like these. They're great fun
@maxm2639
@maxm2639 Жыл бұрын
I really appreciate the wide variety of minimally repeated, usually relevant & interesting background visuals, especially in longer videos that cover a lot of info in the absence of "crisis in the cockpit" drama. Not that industry issues don't involve drama!
@luvr381
@luvr381 Жыл бұрын
When your primary drive becomes saving money, the idea becomes doing nothing saves the most money.
@robertstephens1203
@robertstephens1203 Жыл бұрын
Just remember that his employees hated working for Steve Jobs. He was a terrible boss.
@eamonhannon1103
@eamonhannon1103 Жыл бұрын
But a brilliant visionary who turned around Apple and under his leadership went on to became a massive success
@srinitaaigaura
@srinitaaigaura Жыл бұрын
But in this case I would very gladly make the McDonnell Douglas and top management suffer under such a boss. I don't know why, but of late I love it to see managers suffer.
@robertstephens1203
@robertstephens1203 Жыл бұрын
@@eamonhannon1103 True but an iphone is not an airplane. No one's life is put at risk by having disgruntled employees building a product.
@robertstephens1203
@robertstephens1203 Жыл бұрын
@@srinitaaigaura If he was in charge, I am sure that airplane accidents would rise. He was not a good boss nor a good manager. His engineers hated him. He did not run Apple well. He bullied his way to get the product he wanted. He hated following procedures which is critical in aerospace. He was well suited for developing a consumer based product.
@Skarry
@Skarry Жыл бұрын
"....then he took the plane and put it in the water. 'you see those bubbles?' he asked."
@brentflora8965
@brentflora8965 Жыл бұрын
Another thing I was thinking about was that instead of closing shop with their spectacular C-17! Was redesign it for 2 big turbo fan's & maybe lengthen the fuselage for commercial air cargo!
@shanepaynter5591
@shanepaynter5591 Жыл бұрын
I’m not overly concerned with what happens but 757 is still my favorite plane I ever did maintenance on. And 737 is the first time I got skydrol in my eye. Love/Hate relationship
@micbroc6435
@micbroc6435 Жыл бұрын
Who knew the bean counters of MD could destroy 2 companies.
@mwngw
@mwngw Жыл бұрын
MD, once the pride of Long Beach, Ca...now its shame in infamy.
@deltech1
@deltech1 Жыл бұрын
I love Airbus A380, 320 neo, 350….but I also really enjoyed flying on the 787 from NZ to San Fran. Lovely spacious cabin, smooth ride. Real shame if they can’t sort out the issues :(
@aussiedude2034
@aussiedude2034 Жыл бұрын
For me fresh leadership or at least fresh thinking is massively needed. The starting point seems to be what does the ideal Boeing product line look like without the strings or limitations of the past. The smarts of Boeing’s joint development of 757 & 767 was a master stroke - from a cost and design efficiency as well as transitioning pilots between the two. Also totally agree waiting for unproven tech to become proven is an incredible risk to bet the future on.
@Nerd3927
@Nerd3927 Жыл бұрын
I can imagine that air travel is not going to be what it was. I work for a global company. We all fly less the 1% of what we used to do. With every one working from home there is no point going to and mostly empty office at Home or Abroad. With the high energy prices, I hear a lot of people not going an holiday by air either. Post pandemic, the demand maybe high, but that is mainly saving driven. Lets see how 2025 is going to be.
@Croz89
@Croz89 Жыл бұрын
It's still a growing industry despite setbacks. We are seeing a decline in business travel in high income countries, but that's more than offset by increasing demand in middle income countries.
@TonyM132
@TonyM132 Жыл бұрын
The 787 was launched in April 2004. If they launch the next new model in 2035, that'll be more than 25... That would be 31 years between new design launches! And if it takes as long to get into service as the 787 took, then the new model won't actually enter service until 2042. Will Boeing still exist as an independent company in 2042?
@markhamstra1083
@markhamstra1083 Жыл бұрын
The viability of a new clean sheet design is not driven by the passage of time, but by the emergence of a new technology. What new technology has emerged since the launch of the 787 that would motivate a new commercial aircraft design? Boeing’s focus on new engine and/or wing technology to motivate a new clean sheet design is correct in form, regardless of whether the specific technologies succeed. In the meantime, the viability of the company depends on incremental improvements in both existing aircraft designs and the company’s operations. Boeing may be failing to bridge the gap to when a new technology will make a new aircraft design viable, but that doesn’t mean that some imagined visionary personality or different management style can make or could have made a new clean sheet design viable just because three decades have passed since the 787 launch. That’s not how technology works.
@gpaull2
@gpaull2 Жыл бұрын
Every company I’ve worked for has risen up because they focused on their product, their employees, and their customers. Every single one of them then started focusing on profit instead and handed the reigns to the bean counters…and every single one of those companies lost most of their success, talent, and profits. Several closed the doors.
@davidcole333
@davidcole333 Жыл бұрын
Bean counters count beans. They have nothing to do with running companies.
@mhdibm7515
@mhdibm7515 Жыл бұрын
And with these production issues again surfacing on the dreamliner everyone's doubting Boeing even more, and as a Boeing fan it is kinda sad to see all of this happening
@RB747domme
@RB747domme Жыл бұрын
Only last week, the Pentagon said that the new TX trainer might be canceled. If that happens, that would be another $4.5 billion blow to Boeing. Those of us that have been following the investment news, and reading Leaham, are starting to get very worried about David Calhoun's erratic leadership. An international marketing company recently said that, "Boeing need to be bold, not brash, they need to be assertive, and not aggressive, and they need to innovate, not innervate." And I couldn't agree more. If they continue down this path, along with the manufacturing issues, and quality assurance issues, employee dissatisfaction, and market lethargy - then Airbus will simply romp over the market. And with the recent talks between Airbus and Mitsubishi, and the co-development of a new VSR (very small regional airliner) , I believe things can only get worse for the Boeing Company. Which would be tragic, and very sad.
@arhaangupta2988
@arhaangupta2988 Жыл бұрын
Can you please make a video on the 470 aircraft order by Air India and what it might mean to the global aviation?
@NateJGardner
@NateJGardner Жыл бұрын
I wish we could see the alternative timeline where Boeing and McDonnell Douglas never merged.
@nogoat
@nogoat Жыл бұрын
9:18 Wasn't expecting Hugh Laurie in here lol
@Dirk-van-den-Berg
@Dirk-van-den-Berg Жыл бұрын
Reading several comments below it is impressive how many former Boeing-engineers reacted with their stories. Being a relative layman in the area of aviation, I wonder how many of these problems were caused and still are by simple shortage of personnel. Not the engineers, but the personnel who build and finalize the planes for delivery to their customers.
@agairinc
@agairinc Жыл бұрын
I agree with you. I’m worried a once great aircraft design and manufacturing co has been destroyed by bean counters.
@macjonte
@macjonte Жыл бұрын
They’ve had huge problems with the starliner development. their engineers might be kept busy in other parts of the company?
@waynerussell6401
@waynerussell6401 Жыл бұрын
Many of them left for SpaceX.
@sylee17
@sylee17 11 ай бұрын
By the way, remember the issue Airbus run into with their 380 wire harnesses? Boeing didn’t tell AB that the CATIA program can’t do the job properly and they had developed their own secret tools for it. And now you know the rest of the story!
@rolanddunk5054
@rolanddunk5054 Жыл бұрын
Hi,with regard to the Rise engine,I would have thought that a duct would have been preferable to open blades.For one it actually directs the airflow in the right direction,and two,it eliminates blade washout at the tips.Just my thoughts.Thank you for the video.Roly🇬🇧.
@nyandyn
@nyandyn Жыл бұрын
They just announced last Super Hornets being rolled out in 2025 yet also said they'll expand their St. Louis plant.
@imjashingyou3461
@imjashingyou3461 Жыл бұрын
That because they need to shut down the line to make space for thr F-15 EX andT-15 Redhawk
@KSJAFN
@KSJAFN Жыл бұрын
What they don't appear to realise is that one can't just sit there and print money - product development involves investment and risk and I'm guessing the aerospsce industry is no exception. The A320 family has been around since the late 80's - it's not like anything that happening now should be a shock to them. They appear to be more concerned with laying off staff / reducing costs than the company's long term future.
@mandandi
@mandandi Жыл бұрын
As it is, Airbus has one leg in the small jet market - A220, which is made from composites. A stretch could cover the A320 market, though it wont be a perfect match. That would leave Airbus with the need for a new plane to cover the A231 - A330 market with a new plane or two.
@chrisfr977
@chrisfr977 Жыл бұрын
I was born and raised in Washington State the Boeing company has been an icon and still is in the Seattle area I've had many family and friends working for Boeing and it's Renton factory Everett
@danharold3087
@danharold3087 Жыл бұрын
Boeing needs to be a global company. It makes sense for Boeing to build engineering centers outside the US. It allows Boeing to access top engineering talent worldwide without asking the engineers to relocate. Boeing needs to bring manufacturing of everything carbon fiber in house where it can maintain consistent quality. I would build the wings next door to the engineering center that designed them. Rinse repeat for the rest of the plane.
@davidpottage6402
@davidpottage6402 Жыл бұрын
I worked for Nokia 2006-2010 and witnessed another great company in a different sector retire itself from greatness via obsessive cost savings. The CEO at the time was a former finance director, and was able to raise profits considerably by cutting costs wherever he could. Like Boeing he cut R&D costs too much, so the company was caught napping when Apple released the iPhone, and it's reply was too late and not good enough weakening the company to the point where they got brought out via a shady deal with Microsoft and went bust a few years later. From this video it looks like Boeing is on the same trajectory. If Airbus bring out a new revolutionary technology that steals market share, then Boeing will be unable to respond quickly enough and it will be game over. I don't think Boeing will go bust, as their military contracts, and friends in Washington will prevent that from happening, but I would not be suppressed to see them shrink, weaken and get folded into another military technology company such as Lockheed Martin.
@norlockv
@norlockv Жыл бұрын
It’s the legacy of “shareholder value” you see in all of these former leaders: GE, IBM, AT&T Sears. Short term profit with an exit prior to the inevitable demise.
@GlennDavey
@GlennDavey Жыл бұрын
5:29 "Dis is me, Petter, pretending to read some really fantastic news on dis app from my sponsor. Now dis task is complete. Check."
@johnfenechdoe3148
@johnfenechdoe3148 Жыл бұрын
@Mentor Now!: thank you kindly for this great and very insightful videos! Please do more videos on Airbus to understand the coming bette; if you can! Thx
@paulgush
@paulgush Жыл бұрын
Boeing doesn't have a product pipeline problem or a shortage of engineers. But it does have a circa 2000 financial engineering problem that puts too much emphasis on cost at the expense of quality, and relies on trickery like shifting risk to suppliers. Maybe too much loyalty to the company and not enough to the product. The number of people who against their better judgment towed the company line not just during development, but _after the first MAX crash_ is depressing...
@terencehawkes3933
@terencehawkes3933 Жыл бұрын
it's not just Airbus that Boeing needs to worry about, it is new inexpensive competition from China.
@octonoozle
@octonoozle Жыл бұрын
Steve Ballmer would be a great CEO for Boeing. He could go on stage and shout engineers! engineers! engineers! engineers!
@mitchsefton9402
@mitchsefton9402 Жыл бұрын
Superb and thoughtful analysis. It’s clear Boeing has lost its way and without genuine and innovating competition , what incentive does Airbus (or Bombardier or Embraer) have to innovate either ? The problem with Boeing isn’t their CEOs - it’s their board who set the strategic direction of the company. That board has remained largely unchanged for years and while they determine that profits and returns to shareholders remains a priority over innovation and safety Boeing will continue on this very sad path to irrelevance.
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