Sounds similar to Boeing where accounting for personal gain (promotions / raises) of upper managers and executives took effect over the long term advantage of the company.
I think he is one of the "good" Boeing execs, unlike the ones that came in with the McDonnell Douglas merger and mismanaged production of aircraft like the 787 and 737-MAX
That opinion is well founded. In the book American Icon by Bryce Hoffman (Detroit News journalist) he chronicles that entire time period.
Mulally pulled off one of the greatest challenges, a bonafide turn around. They had a company culture that was all about individuals protecting their own interests. Mulally changed it to one where they focused on making vehicles people want and thinking about the long-term.
For example, Mulally held a weekly executive meeting and each head would give a color coded report of their domain's status (green for good, yellow for issues, red for caution). For weeks in this meeting every single executive reported their status as "green" for good. This in a fiscal quarter when Ford had a $6 billion loss! Mulally managed to change that culture, which for anyone who has work experience should speak very loudly.
He had many stories to tell of engineering non sense there. Supposedly they just trained whomever to be an engineer. They offered to make my dad one since they liked him.
Pray do tell more about that merger!
“Downfall: The Case Against Boeing” is the documentary title.
Executive pay is out of control in general in the USA, and performance is equally trash.
We’re shifting to a new era where cash is king. That’s why Amazon built their own UPS and Apple will be a bank in a few years.