How Boeing Put Profits over Planes
vox.com
vox.com
Same story as a million other places, but a million other places don't have people's lives depending on their hardware (and software). I (vainly, naively) hope the decision makers are held to account for their failures and class actions from families of the 346 people who have died as a result of management-directed shortcuts set a precedent that's a resounding multi-decade influential disincentive.
Great barb at the end:
“The big criticism is that they’re solely focused on finance, but they’re not even good at that,”
Where are the execs who have any long term aspirations or vision?
Folks here have a very bad habit of thinking themselves the world, I've come to notice.
Also, product quality going down over time might as well be a law of nature. It's been around since long before you or I were even born.
But they're MBA culture. They suck at everything. Including making profit.
The fact that finance is kept secret really, really helps with hiding the complete idiocy the management class tends to have.
Until industry related to health, safety, and other facets (educ, housing, mass transit, etc) are publicly run and regulated, and not for-profit-capitalist, this story will keep happening. It’s going to take enough death lining up before the public realizes these shareholders should be held criminally responsible.
Price. The changes tacitly indicate approval/disapproval.