Boeing Desperately needs a New Leader, but WHO?!

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WHO will replace Dave Calhoun as the next CEO of Boeing? Will this person help Boeing start its recovery, or… are we going to see the company continue sleepwalking along the same path?
In this video I will look at some possible CEO candidates, including current Spirit AeroSystems CEO Pat Shanahan. I will also explain WHY the timing of the change to the new CEO, is a big headache in itself.
Stay tuned!
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Below you will find the links to videos and sources used in this episode.
SOURCES
• Neutron Bomb | Trailer...
• Jack Welch at GE
• Comcast, GE Near NBC D...
• GE Healthcare España: ...
• From Passenger Jet to ...
• GECAS
• Working For Jack Welch
• General Electric CEO J...
• Boeing CEO Dennis Muil...
• Boeing CEO Dave Calhou...
• Bauer Alumni Breakfast...
• Boeing Global Services...
• GE completes three-way...
• Boeing's Converted Fre...
• Qualcomm CEO Steve Mol...
• AWS re:Invent 2020 - D...
• Boeing reportedly in t...
• Boeing 777 Team: Flow...
• Our Future, Our Fight:...
• Qualcomm's Mollenkopf ...
#mentourpilot #boeing #ceo

[@kenbrown2808]

Boeing really needs to bring in someone who loves airplanes more than they love money.

[@AnetaMihaylova-d6f]

Oh yeah

[@kenbrown2808]

@@Patriotic_Eagle1995 if you don't like him, you don't have to watch his videos. and if you have a problem with his sponsor, you should bring your concerns to his attention so he can decide if he wants to cut ties with them, instead of just badmouthing him on other people's comments.

[@mikkorenvall428]

Perfect job for Ronald McDonald...

[@Patriotic_Eagle1995]

@@kenbrown2808 I feel it's gone on long enough that "contact him privately and express your concerns" is a ship long since sailed. If it's all the same with you I'll carry on leaving snarky comments and making fun of what a sellout he is. Thanks for your time, have a great day!! 🤗

[@kenbrown2808]

@@Patriotic_Eagle1995 and I'll carry on thinking of you as a petulant co.plainer with nothing to contribute and treating you accordingly.

[@Ficon]

Boeing CEO is a sweet gig. No accountability, no repercussions, golden parachute.

[@jdcaldwell5088]

Them folks set up that crony capitalism system 🤷‍♂️🤷‍♂️🤷‍♂️

[@heliozone]

What is the use of a C.E.O. when, for example, in the case of the door plug that blowed out of the plane and an investigation was initiated in the end they discovered that nobody was responsible for anything and nobody was held accountable for that. And that would have been true even if someone had died on that incident. There was a theoretical paper where all people involved in fixing plane's parts should sign on it. But nobody did that when they removed the plug door. And nobody inspected that another team either. And in the end nobody could be held accountable because Boeing's is nobody's company. Nobody has his name on it. The company is not owned by an individual but by very distant people who are not even in the aviation area, they are investors only and they are volatile. One week Boeing's shares are owned by some. Another week and Boeing's shares are owned by other strangers. It is just a bizarre creation that is intended to give NASDAQq's investors more money, without being responsible for anything at all. The so called "globalization" has its clear drawbacks. No one is in charge for Boeing, and that is true for many other big companies around the world where you just can't know who is the owner of that company, who is responsible for what.

[@AuralioCabal-nl8gi]

I hear, Similar to GM, " You did it again Mary Barra".. Not deliver on promises. 😂

[@SeekingTheLoveThatGodMeans7648]

Until it turns sour, because there is a God.

[@SeekingTheLoveThatGodMeans7648]

sweet until the quincy-conses appear

[@The_ZeroLine]

It’s 100% fair to judge past CEOs on how the company is doing a decade or more later. It takes a long time for the changes to culture, lack of R&D, selling off assets for glossy short term P&L statements, etc. for their impact to show.

[@msromike123]

In some cases. However, 24 years down the road there are business climate trends, regulatory changes, government subsidies changes, trade tariffs, consumer market changes, and technology changes that literally no one can predict. I take that back. It's 100% NOT fair to judge Welch based on most if not all of what has happened in the 24 years since he has stepped down.

[@tomriley5790]

@@msromike123 I disagree alot of the problems Boeing is having now are 100% a consequence of Jack Welch's decisions yes they were a long time ago but those strategic decision have led to boeing being where it is now, yes alot has happened but making CEOs are paid to make the strategic decisions that set up a company to allow it to adapt to whatever happens and be successful. That's exactly why he said he should be judged by the next few decades. What's more is that he didn't take a company and fail to grow it or grow a small company he took a large company and set it up to fail.

[@SeanAwning-er4ww]

Wish I could give you more than one thumbs up! You are absolutely right! Also applies to politicians.👍👍👍👍👍👍👍👍👍👍

[@AutonomousNavigator]

​@@tomriley5790Except Welch never ran Boeing. Minor detail.

[@barryfraser831]

Its a little more complicated. In this case the CEO did something that worked but wasn't sustainable. If the company is too large and unfocused then cutting low performers and focusing on the most successful industries makes sense. But you can only do that for so long before your low performers are now good workers and then your company is doomed as people lose hope of staying employed.

[@Valpo2004]

Boeing's next CEO's first moves should be to change the corporate motto back to "working together" and move HQ back to Seattle. Those moves may be mostly symbolic but it would do a great deal to get the public to believe that Boeing is now serious about quality control.

[@theregnarute]

then said person should work the miracle of making the usa EDUCATION (formerly, teaching) system be 50% run by wahmen and males, so that the output of said avominadtion would be productive people instead of ... whatever it is outputting now.

[@tjroelsma]

If anything has become clear, it's that Boeing's management is rotten to the core. So in order to regain some trust, the entire management should be fired, else they'll never really get rid of the "old boys" network. A prime example is that failing CEO, who got a $62+ million golden handshake ánd a seat on the board, despite his obvious failure.

[@sara.othman]

ABSOLUTELY!

[@umadbra]

Lol, you think by changing the zip code will help? ROFL

[@Robin5790]

Why would the new CEO do all that work when they can mess up work and be replaced to get an early bonus (Golden parachute). This is Boeing after all, the government will not want it to sink. 😆

[@sudazima]

imagine fucking up so bad you get a 23million bonus

[@malcolm20091000]

If that metric was applied everywhere, I'd be a billionaire.

[@jdcaldwell5088]

The crony capitalism way🤷‍♂️🤷‍♂️🤷‍♂️

[@NR-xj3nf]

It's actually $33 million lol

[@nitehawk86]

Rich people have rich friends. The board members gotta protect ceos they are firing, because they expect the same at the companies they are executives of. Just another example of capitalism being trash.

[@RickySTT]

@@malcolm20091000 I doubt it. How many people have died from your mistakes?

[@jloiben12]

I feel like it is always worth reminding people that for as big of a celebrity CEO that Welsh was, his decisions were overwhelmingly the reason why GE, and many other companies like GE, needed that TARP money. Dude was largely responsible for the insane financialization of many manufacturing businesses. That short-term thinking with callous disregard for basic risk management is very clearly and directly downstream of Welsh

[@VisibilityFoggy]

That is a good point. Even though he was out by the time of the 2008 financial crisis, he was not far removed at that time. GE had begun dabbling in buying up mortgage debt, and had essentially turned itself into a financial services company that also made "stuff." A similar scenario played out at General Motors, where the company shifted its focus from manufacturing cars to financing their purchases, while trying to afford past obligations on pensions and healthcare costs. The core product became secondary to trying to repair the mismanagement of these financial strangleholds, and it eventually became too much to bear.

[@LetsHavePun]

And as it turns out Jack Welsh's business model didn't work in the long term for either product quality or profit. And yet business leaders still follow it

[@yamato6114]

It isn’t just manufacturing. Jack Welch’s influence has managed to infect almost every industry in the American economy

[@andrelam9898]

So true. Sadly it’s now well documented that executive compensation has little if any correlation to actual long term business success. No CEO should make more than $1 million. Honestly if you can’t live lavishly on that … lost CEOs get so many other perks. Extra pay does not get better business performance. Focus on quality employees from the bottom up then the whole business will do better.

[@idanceforpennies281]

My big question is what the hell were the board of directors doing whilst all this was going down? Just firing a couple of CEOs doesn't really cover their scope of shareholder responsibility, and it's the lazy quick option to appear they're doing something.

[@theontologist]

The board members are mostly incompetent celebrities and political insiders, best exemplified by Caroline Kennedy.

[@SeanAwning-er4ww]

The shareholders obviously approve what the BOD and C-suite were doing, so look no further for who's really responsible.

[@theontologist]

@@SeanAwning-er4ww In an ideal world there would be be no limits on liability. Shareholders would be criminally liable for corporate wrongdoing.

[@someb0dy2]

At least the BoD in Boeing is willing to fire some execs and the CEO. They seem to finally be trying. Unlike Tesla, where the BoD seems to follow everything that Elon asks for.

[@BB-iq4su]

Golf, cigars, ladies, bonuses,etc.

[@raminasr2928]

Great video as always, but I have a quibble. Regarding the final minute about Bill Allen being a lawyer and Muilinberg being an engineer, when comparing CEOs in their 50s and 60s, it's not about what they went to college for decades back in their teens and 20s. It's about whether they've spent their career actually building stuff, building teams, getting technical, working on complex products from whatever angle, dealing personally with customers, being in the trenches, as opposed to spending their career climbing the career ladder, screwing other people over to get ahead, pandering to power, not understanding or caring about what most of the other employees do, playing power politics, manipulating and financializing, not understanding or caring about the 5, 10, 20 year and beyond strategic horizon of the company, etc. As an engineer who works daily as an engineer, I know plenty of people who got their college degree(s) in engineering (sometimes even with good grades) and spent their career avoiding engineering like the plague and don't understand shit technically, and plenty of people who don't have engineering degrees who are very technical hands on types that understand the ins and outs of an engineering company and the technology and processes that make it great. Its also about morality and personal code of ethics, and what really motivates the person. Making rich people richer, or taking pride in making a great product. So maybe we need different labels than what their college degree is.

[@erniecolussy1705]

Very well stated.

[@meagancarmichael3892]

Absolutely

[@mgscheue]

Rocket Lab's Peter Beck is, I think, a perfect example of someone who wasn't formally trained as an engineer who very much gets it.

[@SomeOne-mp6ym]

YES!👏👏👏

[@andresvillarreal9271]

There is a competing strategy to the "fire 10%" one. In this strategy, for example, you do not necessarily fire those who have made costly mistakes, because that worker will most probably keep the company from doing that mistake again. The first strategy will usually produce big monetary successes in the short term and eventually bankrupt the company. The second will benefit the company in the long run. By the way, the executives who implement these get-rich-fast strategies know that they will laugh all the way to the bank if they leave the company soon, and will get their friends to also make a quick billion, knowing when to run with the loot. This is possibly the most important corruption scheme of the time.

[@lmpeters]

I often like to point out that when a worker at a Toyota plant pulls the Andon cord to signal a problem, not only does the assembly line potentially stop, but the manager who responds always thanks the worker for bringing attention to the problem. A lot of companies can and should learn from that.

[@sara.othman]

@@lmpeters nice! You’d think this would be common sense, it’s insane

[@k53847]

Make the quarter, make the year, bank the bonus and go find another employer before the problems you caused become obvious.

[@danbenson7587]

I suggest Boeing CEO and few engineers, and workers go on board the first test flight of each jet rolled out the door.

[@SeekingTheLoveThatGodMeans7648]

@@danbenson7587 Often it isn't the maiden flight, or even the first dozen or first hundred of a new kind of craft, where the scariest problems appear. Pilots themselves are often very much on their toes for a new model.

[@helimech0]

Here is my take from the shop floor. Move the corporate headquarters back to Seattle. Sign a contract with the union that makes sense to the rank and file, the new CEO needs them in their side. A pissed off work force is a bad deal all around. Remove all of the " Just Ship It" signs and replace them with the Mechanics Creed. Go back to "Working Together" , it makes more sense. I agree with the video, having the new CEO available for 10 years, is in my opinion, necessary. Digging Boeing out of this hole is a job for years, not months. And tell Boeing shareholders to shut up. Boeing's fiduciary duty is to far more than the stock price.

[@richardvickrey4786]

Your comment is THE BEST ONE posted to date. Please keep up the good work. (For context, I'm 72, never worked for any part of Boeing or GE & never could afford stock in either company. BUT my Father was an almost life-long employee of Eastern Airlines in the Capt. Eddie Rickenbacker era when they ALL took great pride in their work. Point being, I've been around passenger aircraft, airports & airline operations for most of my life.) 💙

[@SeekingTheLoveThatGodMeans7648]

All segments of the business have their own hobby horses that don't make sense, and this means union labor too. Still I'd hope the union crowd understands that if Boeing does bounce back, it reflects better before America, if not before God too, on its people than if the whole affair dissolves in rancor and the Boeing name becomes a sticker for some Asian aircraft firm in a sordid, grungy city.

[@NicolaW72]

👍

[@Dexter037S4]

Also make a call for Nationalization.

[@Perfectly_Other]

Do they seriously have just "just ship it posters?" I contracted at airbus's site in Broughton and all the posters were about ensuring quality, safety and customer satisfaction. The contrast in priority is mind blowing

[@j11994466s]

This is crazy. Boeing was doing VERY well following the original philosophy of engineering great planes that relied on its technical staff to provide leadership and populate all its senior management positions including the top guy. Thigns went south after merger/takeover by McDonnel Douiglas pirates. Unless these pirates are thrown out along with their short term thinking, Boing's decline into eventual oblivion cannot be stopped. It does not matter who is made the CEO. I do not know how this can be accomplishe, but it has to be done. You are falling in the trap of thinking that a new CEO can provide long term stability. This is wrong headed. What is needed is a urgent and major shake up in the company. The MaDonnel-Douglas pirates need to be swept out along with every rule that is based on their philosophy.

[@mrxmry3264]

how can it be right that a manager gets far more as a one-time bonus than a worker can earn in a lifetime???

[@sqwk2559]

Commie

[@mrxmry3264]

@@sqwk2559 utter nonsense!

[@paulbrouyere1735]

Because those ‘managers’ have designed their system to do just that: get rich quick, while not taking up responsibilities.

[@mariushusejacobsen3221]

At least in theory... - The ceo of companies that scale is basically living that job - whereas the worker has time off to cultivate his hobbies. - The skillset for it is in low supply, and high demand. - The compensation corresponds to the value a good CEO brings to the company. but when even the obvious failures get that kind of bonus, something's off.

[@SeekingTheLoveThatGodMeans7648]

It's logical from the extreme worship of capital, but whether it's right is quite another question!

[@darrylday30]

It appears that humility and character are prerequisite for leadership. Note to self from former Boeing CEO Bill Allen: 1) Be considerate of my associate’s views 2) Don’t talk to much, let others talk 3) Make a sincere effort to understand labour’s viewpoint 4) Develop a (postwar) future for Boeing

[@stonebear]

AND the fact that Bill Allen DIDN'T fire Tex Johnston for... and I quote... "Selling aeroplanes."

[@m600blu]

Back in the early 2000s Boeing began a program called Employee Involvement, this program created teams in various sectors and empowered them to create lists of issues that effected their areas and let these employees work together to solve these issues. This program allowed employees who were most effective to rise to the top of their fields to improve productivity, performance, and efficiency. This program was very successful in reducing the cost and increase the quality of their products as well as highlighting their best practices and people. If they could get back on this track it would go a long way towards their success.

[@AnetaMihaylova-d6f]

Too late now

[@chipset2900]

I recall it being called "Engagement.". But our clerk misspelled it as " En-GAG-ment and it stuck.

[@ToiOraLAT]

One of the best documentaries you have done. You have become a good airline analyst, a lot more than all the great flying stuff.

[@SeekingTheLoveThatGodMeans7648]

Who sees this stuff daily more than pilots, anyhow?

[@WarrenGarabrandt]

This is what happens when quarterly profits are prioritized over the long-term success of the industry and even the long-term success of the business. We've seen time and time again, when a "business person' is put in charge of an engineering firm, the firm inevitable starts circling the drain.

[@SeekingTheLoveThatGodMeans7648]

like scotty says, ye canna' change the laws of physics... everything an aircraft does has to go before the figurative court of that law every time it flies! and if it's not ready, then, well....

[@Inkling777]

My selection criteria? Screen all potential hires on their attitude toward Jack Welch's business practices. If they liked what he said, put them on the no hire list. Extra points for someone who wants to move Boeing's headquarters back to Seattle.

[@richhoyle1254]

This would gain boeing a discrimination lawsuit and increased labor costs, for?

[@SeekingTheLoveThatGodMeans7648]

@@richhoyle1254 anyone can sue; getting a judgment in your favor is something different. and if cheaping out is a problem, the solution is going to need sacrifices. this is not about politics, which is protected; this is about business philosophies.

[@richhoyle1254]

@@SeekingTheLoveThatGodMeans7648 youre right its about business philosophy. Only thing you didnt explain is how is it advantagous for them to move hq back to Seattle?

[@GH-oi2jf]

Calhoun should have no say in his replacement. Pope should stay as head of Boeing Commercial Airplanes, while an outsider takes over the company. If she fixes BCA, she would be in a good position to be the next CEO of Boeing.

[@mixedbytc]

1) Change the motto back 2) Move HQ back to its original location 3) Re-acquire a divested manufacturing arm Progress!

[@SeekingTheLoveThatGodMeans7648]

turning back regression be like that

[@Lou-f]

Remove the McD graphic from the name.

[@okay_then3337]

Seems like Pat Shanahan is likely the front runner for the role. One name that came to my mind though is Alan Mulally at least as a stopgap before they can take the time to nail a good long term CEO. Although he is a bit older, he was the 777 lead and even turned steered Ford to good position during the 2008 recession.

[@wickedcabinboy]

Let's talk about Bob Nardelli, of whom Welch was a mentor during Bob's time at GE. When Nardelli lost out in the competition for CEO of GE on Welch's retirement, Bob was immediately fired from GE and then immediately hired at Home Depot where he made numerous cost cutting steps that resulted in the severe degradation of Home Depot's customer service and retail reputation. He left Home Depot with with a payout of some $210 million as a reward for his decimation of Home Depot's customer service. I still refuse to this day to shop at Home Depot except as a last resort. So Boeing isn't the only corporation to suffer greatly at the hands of Jack Welch or his minions.

[@norbert.kiszka]

Better question: will Boeing survive after last many dumb decisions?

[@BlackStar2161]

Too big to fail, they'll get bailed out if they do go under. Free pass to be as incompetent as they want.

[@norbert.kiszka]

@@BlackStar2161 sometimes that big companies can bankrupt.

[@AkioWasRight]

@@BlackStar2161 That's exactly why Boeing is the condition that it's in.

[@Dexter037S4]

@@norbert.kiszka Boeing has military contracts. They'll be nationalised if they go under.

[@bobnelsonfr]

How about bringing in someone from Airbus?

[@merlinthemagus]

Brilliant! And why not?

[@johannesgutsmiedl366]

Most high level former or current Airbus executives who would fit the bill are likely not Americans, which would be an issue for one of the largest defence contractors in the US.

[@bobnelsonfr]

@@johannesgutsmiedl366 Good point. It's a stupid reason... but it's a reality. 🤔

[@brandonb6164]

@@bobnelsonfr Explain how the hell that’s a stupid reason.

[@bobnelsonfr]

@@brandonb6164 Presuming that someone is untrustworthy due to their nationality... is stupid.

[@SadisticSenpai61]

Now having been caught up on GE's history, I now understand why I saw so many of their products being returned as defective when I worked at Home Depot in 2010 (I worked the returns register most of the time). I actually talked to one of the department heads about it - she actively steered her department away from recommending GE because GE products had a much higher defective rate than any other brand they had in their department.

[@ProfessorFate]

I find it entertaining that the Guillaume Faury, CEO of AIRBUS, is both a multi-degreed engineer and 1000+ hour pilot. Now, there’s a concept: An airplane company CEO who both knows how airplanes work and how to fly them.

[@Menta1989z]

HP did the same in late as ge in late 90 and beginning of 20 and it ended up dismantling in separate companies for services, software, printing...

[@AutonomousNavigator]

It's important to understand the context in which Welch implemented his techniques at GE, versus the context of those who followed him. In the 80s and early 90s, many large businesses in the US had grown extremely bloated and complacent, and faced serious foreign competition. In a way he brought a new form of performance and accountability to large company management that was sorely needed at the time, and this extended to many other firms in the late 80s and early 90s. By the time others emulated these techniques that were successful in the early 90s, they did so in a very different economic context, one where US firms had become much more efficient, but started to see challenges from innovators armed with new technology. And it could be argued that, by then, Welch's techniques of the 80s and 90s weren't what was needed, yet folks like McNerney, Stonecipher, Nardelli, Immelt, Bob Stevens, Chris Kubasik, Marillyn Hewson, Steve Ballmer, Carlos Brito, and many others continued to push them at exactly the wrong time. Not one of the companies these people ran has a positive culture, nor did any of them produce notable innovation under these managers.

[@lmpeters]

At the same time, other American companies were learning the principles of Statistical Process Control, which W. Edwards Deming developed in the 1940s and later taught to the Japanese companies that by the 1980s were crushing their American counterparts. In general, the companies who followed the advice of Deming have fared far better than those who followed the advice of Welch.

[@AutonomousNavigator]

​@@lmpetersWelch implemented six sigma in the 90s, and became one of its loudest evangelists.

[@captiannemo1587]

I think the better question is do any of these people really want the added pressure by taking on such a job.

[@stanisawfelczynski6471]

remove betterhelp

[@thatrandomproject6652]

Most therapy are scams

[@player1GR]

Competitor?

[@stanisawfelczynski6471]

@@player1GR Well yes, I can also provide doubious mental health advice for an exrtorbitant price.

[@Republic3D]

One person who's being floated and really could make a change is Gwynne Shotwell, President and CEO of SpaceX. She's doing a fantastic job, but I don't think she wants to go rescue Boeing. I also don't think Elon Musk would let her go that easily.

[@hiker395]

I agree, she would be good, but who in their right mind would want to jump into the mess that BA is!

[@Republic3D]

@@hiker395 Exactly. I don't think she wants to try to salvage that operation.

[@azbob1951]

Speaking of G.E. this photo shoot didn't end well ... "On 8 June 1966, XB-70A No. 2 was in close formation with four other aircraft (an F-4 Phantom, an F-5, a T-38 Talon, and an F-104 Starfighter) for a photoshoot at the behest of General Electric, manufacturer of the engines of all five aircraft. A sixth aircraft, a Learjet 23, had been contracted by General Electric to photograph the formation." Search for the whole at Wikipedia...

[@rynovoski]

It wouldn’t be the first time that a CEO got high praise from all of the business assholes and it turned out that they were full of shit.

[@ghost307]

Anyone else notice that the decline of good technical practice coincided almost perfectly with the invention of the MBA major in schools?

[@MentourNow]

I have not made that connection 🧐

[@liftoff8285]

I would love it to be Tory Bruno of Boeings and Lookheets Rocket Joint Venture ULA. I think he could create a great culture.

[@glujaz]

Oh ! It is actually not a bad idea ! But I think he would prefer to stay at ULA. Much more cosy there in the very discrete space industry 😅

[@glujaz]

Well, on second thought, maybe not ? ULA is doing a much more simple operation of assembling, and commercialising a launch. Sure, ULA has to work with Boeing, Northrop and Lockheed, but they are much more independent parts of their main companies when working close with ULA.

[@jfh667]

Sure, ask wall street to wait for profits. I'm sure they won't drop their bottom performing stock.

[@therealajnelson]

Listen. I got 30 years mech and electric engineering experience in industrial construction and maintenance. I've built and rebuilt everything from 155mm howitzers in the Marine Corps to locomotive engines, jet engine stators, bakery robotics, banks, and fast food joints. I broke my neck and had surgery 4 years ago and I got nothing going on right now. Between that and just a general love for aviation and Boeing in general, I'd like to submit my name in the CEO candidate pool. And lawyers and judges and media don't scare me much 🤷‍♂️

[@ghost307]

Boeing doesn't need a new CEO; they need a new culture. Final decisions are being made by people who are not qualified to make them. I don't want some Accountant approving the use of a new cheaper alloy, I want a Metallurgist to do that. I don't want some Bean-counter to approve a new airfoil design, I want an Aeronautical Engineer to have the last word.

[@mannyzx1]

Stephanie Pope? A bean counting MBA? Isn’t this what got Boeing here in the first place? Insanity.

[@SilverWingsChannel]

The mention of potential outsider candidates like Larry Culp and Pat Shanahan brings fresh perspectives to the table. It shows the importance of considering individuals with diverse backgrounds and experiences in steering Boeing through its challenges.

[@glennerdos]

That photo shoot with Dulé Hill, Martin Sheen and Alison Janey (cast from 'The West Wing' TV series) came out of the blue! edit @ 4:30

[@scottmacdougall2843]

I like how you place both sides of the coin in perspective in your video. Thank you.

[@EstrellaViajeViajero]

Getting rid of the bottom 10% can really help - but the probably is when it's mandatory. Eventually - the only people left to cut will be good people - and the only people left to hire will be the ones already let go. Plus - it has the disadvantage of lowering mentorship because the top people won't want to help others in fear of empowering competition and losing their own jobs. Furthermore - there's a limit to how quickly one can improve - especially without mentorship - and eventually, the incentive will be to fake numbers to cover up the lack of (impossible) improvement.

[@sakomeow]

BetterHelp is a scam

[@laserman3004]

my family and i have a saying,, if it's Boeing, we're not going.

[@TheBossStudioZ]

first foremost, they need someone who actually has technical expertise and be able to communicate with the engineers on the same level of understanding, and respect them. Business should be latter

[@abwnizami]

I think that Boeing is facing the fate of Mcdonald Douglous . same as DC 10 crashes due to design flaw

[@AnetaMihaylova-d6f]

Boeing is bigger shit because they make planes since 100 years. It is unbelievable how they came under here

[@taxirob2248]

that's not what killed MD though

[@tomriley5790]

@@taxirob2248 it was in a way too much focus on financials not enough on building a decent product. (Arguably the opposite of Lockheed Martin/Northrop/Gruman/Avro who focussed too much on engineering and not enough on financials.)

[@taxirob2248]

@@tomriley5790 bingo

[@abwnizami]

@@tomriley5790 Holding yourself on top is more difficult than reaching on top .

[@MBSteinNL]

No way it's going to be Pope. Her track record is relative unimpressive (if the division she leads has been profitable for long it's not a big achievement to keep it that way, especially since it doesn't seem to be as susceptible to ebbs and flows as the rest of Boeing), and she's a protege of Calhoun and Deal which is a big negative at this point. Mollenkopf seems doubtfull too, the situation he found himself in before with Qualcomm were too often situations of 'Oh, I did take a dump where I'm eating'. Gitlin might be an option but he seems less inclined to want the position. That makes it less likely - because you must really be fully motivated for the position to be able to oversee the massive overhaul needed within Boeing. Culp could be an good option, but with GEA being mostly a constructor of parts, he will need to catch up a bit to make the correct long term decisions for Boeing. And if he has denied having interest in it... Shanahan... Might be the best option out of the 5, but I highly doubt he'll be it. Anything in regards to Spirit splitting up or being fully bought up by Boeing, will be subject to a lengthy legal process due to the ramifications for Airbus and other non-Boeing airplane manufacturers. That will take multiple years before the final OK might arrive. Boeing hasn't got the time to wait for that if they want him, but since he wants to clearly put Spirit back on track first.. That leaves basically all 5 unlikely for varying reasons.

[@fluoxethine]

The question is which president will fix the DoJ, jail greedy management that perished 346 souls in the 737 Max 8 tragedy and bring back the engineering excellence there. And also make other corporations accountable when they commit crimes 😢

[@AnetaMihaylova-d6f]

They are connected to US government. That's why they get away with it

[@theontologist]

While Democrats are often feckless wimps, the GOP *never* holds executives accountable. They wholly oppose prosecution of white-collar crime. (See also: Trump.) Remember that Republicans deregulated and commercialized the FAA in the first place, putting Boeing in charge of its own safety. The GOP are far more dominated by unaccountable billionaires in oil, mining, agriculture cartels, Wall Street, and military contracting. All the industries that coincidentally raise prices under Democratic administrations.

[@shininio]

Until executive compensation is regulated by law, nothing will change in this industry and many others. Profitability is the name of the game, and it is rewarded so high that is absolutely normal for executives leading companies to disregard, quality, safety and employee’s wellbeing. It’s not a problem exclusively in the aerospace industry, all over the world and across most industries it’s happening

[@TB-ff8be]

You might want to read the book "Power Failure: The Rise and Fall of an American Icon" by William D. Cohan. It might cause you to reconsider the GE Aerospace boss as a choice for Boeing. Maybe not, would be curious of your thoughts. PS: Love your channels.

[@jamesbailey9512]

Just a minor pedantic point the CEO reports to the Chairman of the Board. You showed him below the CEO.

[@tsuchan]

A difficulty for me is that this video has lots of names of people I don't know, regarding a job that's difficult to imagine. I've enjoyed the other videos in the series, but they have told a story I can relate to.

[@johncassels3475]

It is hard to tell this aspect of the story without introducing the main people with a chance of being involved. If you continue to follow the Boeing saga, you will see these same names come up again and again. This video may well prove really useful in that it has given you a succinct overview that will help understand subsequent developments. Take care!

[@MentourNow]

Thank you for the comment. It's not always easy to strike a balance between what's interesting and what's important. I thought this was an important story to say, given that Boeing's future literally depends on it.

[@guttormisaksen8460]

Organisations like Boeing are so infinitely huge and complex so that the issues needed to be resolved is way beyond what a single person can fix. Regardless how brilliant that guy is, he or she will have to fall short of the challenges less focused upon. Renewal of leadership should be done like this: A total new leadership should be developed from the outside - independent of existising entanglements. Go through the whole organisation. Lots of interviews. Evaluate R&D, tech, economy, market and market communications, HR emphasising on industrial relations, scanning for others potential sources of trouble - all sorts of strategic decisions that will have to be made in the coming 12-20 years. This should take at least 3 years - if the company can endure the long. During that period phase in incumbent leaders, build up a new (or renewed) leadership that knows the issues and how to deal with them. Not a new leader, but a new leadership un-entangeled in incumbent problems. This leadership should have adequate and correct information on the state of things. Companies in deep shit always struggle with finding the relevant facts. Losing leaders always struggle to find the correct and relevant facts. And when they finally do, it is often too late.

[@PassiveSmoking]

I don't think that making a lot of concessions to the union is entirely a bad thing, or at least there's a way to spin it as a positive for Boeing. Its clear that under the dysfunctional MD management that there was little respect for the people who were on the front lines doing the actual work, and the previous cut-throat deal was very much indicative of that. Boeing (either under a new CEO or the outgoing one) could say that they now understand the importance of making their engineers feel valued and respected, and that giving them more concessions is a way of atoning for previous neglect. They can also say that happy employees are loyal employees and that giving them more concessions is a way of keeping them on side and therefore not losing their skills and expertise to potential competitors. Plus it would be a way of showing that the old status quo is dead and that management are working towards a fundemental change of direction, which seems to be what everyone wants. Obviously I'm an engineer and not a manager, but if I were then I would want to try and present such a thing as a rising tide lifting all boats rather than a zero-sum game with a side that won and a side that lost.

[@oleksiibodryi7575]

It looks like the passenger plane with the name Boening is in upset position and they decided to remove the current captain and the first officer, looking for somebody capable to take over the controlls and restore the "normal" flight before the plane hit the ground.

[@arnaudgerard1971]

When will the FAA be shaken up?

[@ghost307]

Most likely never. The FAA has devolved into another paper-pushing government entity. As long as the forms are filled out correctly and all the fees are paid, they'll approve anything you want. Even a Boeing space capsule that has tape all over the inside.

[@Private-GtngxNMBKvYzXyPq]

As long as the upper management is more concerned about their stock options, the short term stock performance will always induce perverse incentives that are seldom in the best interests of anyone else long term.

[@SoulDuckling126]

Neuron Jack and his consequences had/has (since we still have his believers in C suite) been disastrous for the world of managements and businesses.

[@Nixontheman]

better help is total bullshit. This is Petter being a total Sellout Merchant and throwing self respect out the window.

[@MentourNow]

I have been explaining this, over and over. All the issues with BetterHelp, comes from years back. I confronted them about these, before I accepted the sponsorship and they have explained every single one of them and how they have improved. There is a link to a document in the video-description, who explains this further. Please read that.

[@helebarda344]

Betterhelp add alert. I know you need sponsors but at least don't give a platform to ones that are proven to cause harm.

[@tusharsaikhedkar9808]

Pat Shanahan seems to be a good choice. He is Mr. Fix it and Boeing needs exactly this person to fix all the quality control issues and cultural issues.

[@MentourNow]

I think you might be right

[@spheretical3609]

So the fact that Shanahan thrived under McNerney doesn't raise a red flag for you? He climbed the ladder just like all the others did at that time. Some of the things he "fixed" were so badly broken that anything was an improvement and management had to spin whatever good news that they could. An interesting episode would be on exactly what he fixed, how he did it, and the lasting legacy. He's not the story teller or consensus and culture builder that you think he is.

[@siliconeii]

Best choice to restore Boeing..Deborah Hersman, former NTSB chair

[@c2757]

You mean the person who chaired the NTSB during the time it was asleep on the job while Boeing destroyed it's own reputation should now be directly responsible for it's future. Is that intended as a serious suggestion?

[@ACPilot]

Mind you, Boeing is more than commercial airplanes in Seattle, important to have Boeing Commercial HQ there, Boeing group HQ doesn’t. The challenge is having the right people in production. Maybe higher pay will get better people, that are better at the job. Mind you, it is not the managers that drill wrong holes, forget to bolt plug doors correctly, or forget their tools in the tanks etc. It is the workers attention to details, and work ethics. To start maybe more supervision and quality control, but get better qualified people on the floor, improve work procedures and tools to get it right. It shouldn’t be as big a problem as some make it..

[@drfranks1158]

Give the job to Musk, let him show them how to run a business properly. What could go wrong? He did such a fantastic job with twitter.

[@KushalGc-h3o]

They are cost cutting because of low advertising due to no politics

[@preziplier2145]

Boeing just announced yesterday they made a robust deal with Spirit Aerospace so we'll see how things go. I really hope they bring in a CEO from outside. I miss the Boeing we could implicitly trust because Safety was their #1 concern

[@jimgraham6722]

Globally corporate history is replete with financial and corporate wunderkinds who drove their companies into the dust. It's the CEO and board's responsibility to develop the vision needed to carry the company forward into the distant future. Asset stripping is rarely a fulfilling strategy.

[@markedis5902]

Dude you need to drop betterhelp as fast as possible. It’s a con

[@dand4485]

I use to love Boeing, the entire time i served in the military, always felt safe flying if it was anything Boeing... But that was before what seems to me as a real change in culture and ethics. I look back at WWII and look at the bombers/planes that were so severely damaged they made it back, get a real sense a plane's flight worthiness was #1 safety, quality were all important and nothing to be compromised... Profits were 2nd or 3rd? But in come the 80's companies were under a lot of pressure to maximize earnings. Seems at this point or somewhere back then items started getting outsource, things Boeing made completely, not anymore. And eventually things started taking a toll to where it seem to survive it merged with McDonald Douglas, and seems after that the old school values of Boeing were pushed aside and those in MD came and silenced Boeing... And would assert most of the current issues are more from the value those in MD brought and imposed on Boeing... I would think old school Boeing, we would never have seen the 737 Max crashes and quality issues.... Reminds me of the Bible verse "A good name's value is far more then rubies...." Think the first thing Boeing has to do is restore their name and ensure it is synonymous with "Quality" but seems no matter what they do or are doing now, nothing is reconciling the poor image they have. Might be too far gone... And even worse, living in the Seattle area, just heard yesterday as of today, Boeing has 0, absolutely no orders for the 737 in the last two months... Not sure about the backlog, but this can't be good at all for anything other then Boeing's demise.

[@Adrian-GBM]

For a real culture change maybe the need a European. No chance of that though.

[@hualani6785]

Calhoun before US Senate committee was accused of prior cutting up and hollowing out of the Boeing Commercial Air corp. Bringing in someone from outside the Aerospace industry will be disastrous.Doubly disastrous for another CEO looking to slice up and part out Boeing in more pieces. Sad- too long gone is the faith in Boeing. Much of this will depend on whether or not Calhouns promise to vertically integrate Spirit back into Boeing will come to fruition.

[@prilep5]

GE fast food industries. Jetburger prepared in special jet engine afterburners for extra crisp patties

[@angelarch5352]

For a new CEO: anybody not from McDonnel Douglas is a start. Second requirement, not from Boeing...

[@ILoveTeamStripes]

Again, I love this thoughtful and easy to understand series. Thank you

[@MentourNow]

Great to hear!

[@fafnorcal]

Well done as usual. TBC needs someone with a track record of accomplishment and a proven ability to roll up his or her sleeves and fix problems. As much as an outsider is appealing, whoever takes over needs to come with an understanding of how the company runs, where the real problems are, where investment is needed and where to push from day 1. The last thing Boeing needs is another drop-out from the Jack Welch School of Card House Construction who believes a company can be lead from behind an Excel spreadsheet.

[@nomore6167]

Boeing: "Our customers are forcing us to replace our CEO due to massive quality problems over several years. Who should we get?" Analysts: "Why don't you hire the CEO of the subcontractor who directly caused many of those quality problems?" I understand that he's been with Spirit only since last September, but if you're trying to get away from your quality problems, then hiring the guy who is selling those quality problems to you probably isn't the best option.

[@skycop56]

Unionized companies have to deal with an adversarial relationship between management and labor. Instead of a partnership with common goals, each is out to screw the other.

[@jlorenz55]

I worked at Douglas Aircraft and McDonnell Douglas pre Stonesifer and the management training was great and focused on processes as the issues and not people (Deming) When I worked at Ameriquest mortgage, they started to embrace Jack Welsh management principles that if you read his book, are an abomination to managing your people and teams effectively. At Oracle in the 2000’s, they started rank and yank which was not the best depending if you have a team you built with all top people so even though the were good at their job, they go ranked lower than the other excellent employees. :-(

[@markberger5739]

Whoever gets the job will need the Cohones to do the hard thing - split it up & sell it!

[@misterjag]

How about moving management back to Seattle?

[@johnelectric933]

Don't allow the board to hide behind the CEO just to protect their personal wealth. I do not think you can restore a culture of quality and safety unless you almost completely start the management over. Remember all the way down to the supervisors created this problem. A supervisor worth anything would have pushed back or quit, simple as that. If they just went along to protect their personal well being, they are counter to the culture needed. That means as soon as some one above them refuses to change their money driven ways, they will just roll right along again. Essentially, no worker wants to do a bad job and has pride in their product. Executives only measure their performance by their paycheck, as is evident here, which is not tied to the quality of their company's product. There is no incentive for a CEO to care about anything but his portfolio, and that is more tied to the wall street casino than the life and death of their customers.

[@johnediger7820]

As someone who grew up in Seattle and has loved Boeing for decades, I hate to say it but the upper level management is rotten across most or all their business divisions. It's not just their commercial airplanes but just look at the Starliner debacle! The entire board, as well as all presidents and most of the V.P's as well need to go (with no bonus)! Their replacements should be people who have no history with Boeing, GE, or McDonald Douglas. It's not just the employees and customers they have alienated but the flying public as well. We used to say "if it's not Boeing, I'm not going". Now the exact opposite is true.

[@Drgonzosfaves]

Hi Petter. Great series. Anyway you could edit them together?

[@ACME_Kinetics]

This reminds me of UPS union contracts that the workers essentially won (they got air conditioning), and IMO will be better overall for the company - by foregoing quarterly BS numbers in favor of keeping the company from ruining itself in the short term. Hope they pick someone who realizes that employees are assets rather than liabilities - AI and robotics aren't gonna replace people quite yet.

[@chipset2900]

They need to bust up the corporation into segments. COMMERCIAL with the similar military versions needs a serious time-out. The Board is foolish to throw big money at individuals expecting a different result. INSTEAD OF MANDATORY fraud school, they should send management to A&P school.

[@oskarelmgren]

Boeing does not need stability. They need a HC engineer and science CEO that also understands technical and corporate failure modes, and is good enough at the regular ceo stuff. They need a complete rethink of their whole business attitude and massive reshake of their internal structure. Inspiration and tech/science first attitude. A massive undertaking. They probably need either a needle in a haystack miracle ceo, or something like a startup attitude ceo.

[@H_and_J]

whoever becomes the CEO, I hope they bring back the quote "working together" and bring the company back to somewhat like how boeing was before the merger and back to glory. and they shouldnt be greedy of money rather he or she should have a heart to airplanes

[@steverogers8163]

That would probably be a good tag line to use if they do move the HQ back to Seattle. Probably be the 1st thing the new CEO does for an easy win, since its clear that everyone wants them to do that.

[@andyrechenberg]

Boeing needs a CEO like (or just hire) Tory Bruno of United Launch Alliance (ULA). He's an engineer's engineer and the demeanor that can help get Boeing back on track.

[@NotAJosh]

Let’s just hope it’s an engineer that has expertise on building planes… hell even hire sully as the ceo he would do better. Needs to be someone competent on building back a company culture

[@Elementalism]

Jack Welch took a Sparta approach to his company. Unsurprisingly his company ended up like Sparta, irrelevant then ceased to exist. Jacks theory is absolutely ridiculous. His theory assumes replacing the bottoms 10% of managers will be replaced with better performing managers. Dropping business units because they arent #2 in their industry is ritualistic suicide. Expensive to acquire a new business unit or sell existing units. He acted for the sake of acting. He would had made a politician. The scary part is how many mindless executives follow his lead. IMO the sign of a poor executive is copying another executives approach. It means they lack creativity. I worked for a company the CEO made us read a book by google founder about how they approach projects ect. It was BS because he lacked the understanding, talent, and drive to actually implement it. That caused bad results.

[@robertcox14]

Boeing made a recent "investment" in a consortium in Montreal, Quebec of $240 million. I can't imagine who wants that deal.

[@steelfalcon2755]

Mulally?

[@grambo4436]

Sometimes the only way to give them a reality check as if their declared bankrupcy and make thier experimental design concepts to be public domain etc. etc.

[@TomDrez]

How original, a ending full of optimism with nice motivational music. Now i'm fullt convinced that everything will be fi- Yeah f that boeing is done and no old demented careerist will do anything to put it back on track there's no much money to do with that however there's another calculation that appared is how much money they can keep by closing it.

[@pah9134]

Whoever is next will have to bring humanity back to the airline business. I don't think anyone you have mentioned can do this. All I know is that if they don't COMAC will be the second largest manufacturer sooner than later.

[@tomiw69]

Looks like "Succession" season 5 for me ;)

[@ramarakeshv]

Welch looked like Darth Vader

[@kathieharine5982]

An engineer, Alan Mulally, was passed over as CEO so he left Boeing and became the superstar who saved Ford a couple of decades ago.

[@jeffbergstrom]

Does the US government have any say in this? (really asking) Boeing is a very important military manufacturer. I would think the US government would care a lot about getting Boeing back in order...even at the expense of shareholders (can any other US manufacturer meet US military needs?)

[@stclairstclair]

There IS one man who could whip this company back into shape instantly!!!!! sheriff grady judd

[@vinayakdasaka4605]

A difficult conditions. May be 737 Neo + accidents prone models should be phased out. Question. Discounted upgrades offered. The loss should be absorbed considering the sales and profits skimmed off passing off faults for profits ??? Question.