Boeing CEO resigns

[invadertim]

Board chairman also not standing for reelection…

https://www.cnn.com/2024/03/25/business/boeing-ceo-calhoun-leaving/index.html

 

[Boris Badenov]

Shares up all of 3%. Maybe investors are getting a little bit skeptical of the ole rotary golden parachute scam?

Call me when they appoint someone who will demand some "austerity" from the share price in the pursuit of a viable, competitive product.

 

[arkflyr]

I'm not holding my breath on this one, they promoted Stephanie Pope to be the new COO. Her background is all finance so you can see where their priorities remain.

Stephanie Pope

www.boeing.com

 

[Inverted]

This is beyond long overdue.

I agree that replacing snakes with snakes isn't a good look. However, I think the educational backgrounds of the C suite being business and management degrees don't bug me as much as the culture that upper management created after the MD merger. Upper management and the board obviously have to do a 180 and fix a lot of issues. I am more interested in looking at how they restructure the middle management level employees and how they empower the workforce again.

 

[Minuteman]

Hot take: The MD merger is just used as an excuse for a culture that already existed at Boeing (and any other large organization). That is, a portion of the workforce that is not directly involved with doing and making things that people with money want to buy.

Instead, it is a part of the workforce that brings “commodity” talent for running a business. Sometimes that capability is absolutely needed to take a company to new markets and better efficiency. Other times it smothers what made a place special and able to do so they were doing at any scale.

So I think the MD merger is used as a corporate “othering” for a class of white collars to advance their career and authority at a place that previously saw their talents as ancillary and supporting.

 

[derg]

Board chairman also not standing for reelection…

https://www.cnn.com/2024/03/25/business/boeing-ceo-calhoun-leaving/index.html

But the DNA of beating down labor, outsourcing and reacting instead of innovating lives on.

Boeing Jets : EXIM Bank financing
French Fries : Ketchup

And if you really think about it, people aren’t excited about the fries as much as they are the ketchup.

 

[scooter2525]

But the DNA of beating down labor, outsourcing and reacting instead of innovating lives on.

Boeing Jets : EXIM Bank financing
French Fries : Ketchup and mayo (splash of vinegar)

And if you really think about it, people aren’t excited about the fries as much as they are the Ketchup and mayo (splash of vinegar).

 

[Shiftace]

https://twitter.com/x/status/1769740602298576970

 

[Cherokee_Cruiser]

So the sacrificial lambs have been chosen. Just as they were chosen after the MAX accidents. Public appeasement, nothing more.



I only want to meet the moron(s) who decided to write up a plug door procedure as "open" versus "removed," but only having "removed" be the one that required a follow-up inspection to ensure all 4 bolts were back on. Despite the fact both "open" and "removed" required all 4 bolts to come off.

What idiot wrote it that way? That's the one who should be fired.

 

[Box hauler]

So the sacrificial lambs have been chosen. Just as they were chosen after the MAX accidents. Public appeasement, nothing more.



I only want to meet the moron(s) who decided to write up a plug door procedure as "open" versus "removed," but only having "removed" be the one that required a follow-up inspection to ensure all 4 bolts were back on. Despite the fact both "open" and "removed" required all 4 bolts to come off.

What idiot wrote it that way? That's the one who should be fired.

Yeah… that’s not Boeing’s only problem. If you think the CEO getting pushed out after the company is being peeled like an onion after years of horrible press, neglect and failure makes him a lamb I’d love to hear some of your other opinions.

 

[Cherokee_Cruiser]

Yeah… that’s not Boeing’s only problem. If you think the CEO getting pushed out after the company is being peeled like an onion after years of horrible press, neglect and failure makes him a lamb I’d love to hear some of your other opinions.

I mean, it’s just one of the oldest plays in the book. MAX crashes, there goes the CEO. New CEO, and the plug door blowout, now he goes bye.


A CEO reset is meaningless unless major changes occur at the employee level, specifically, quality-control.



But I will say, I appreciated his “real talk” when during the documentary at the end the WSJ investigators ask him, would the MAX crashes have happened with a western crew? And he goes, can we go off the record? And they say no. Then he says well then I can’t answer. But you know the answer.

Lol. Called out third world button pushers, not aviators. Sadly, my complaint is Boeing should have realized they ARE selling to third world button pushers, not aviators, and designed he plane with that mindset.


Airbus did.

(But that said, plenty of Airbus crashes that were gross pilot error. AF 447, Air Asia 8501).

 

[arkflyr]

I mean, it’s just one of the oldest plays in the book. MAX crashes, there goes the CEO. New CEO, and the plug door blowout, now he goes bye.


A CEO reset is meaningless unless major changes occur at the employee level, specifically, quality-control.



But I will say, I appreciated his “real talk” when during the documentary at the end the WSJ investigators ask him, would the MAX crashes have happened with a western crew? And he goes, can we go off the record? And they say no. Then he says well then I can’t answer. But you know the answer.

Lol. Called out third world button pushers, not aviators. Sadly, my complaint is Boeing should have realized they ARE selling to third world button pushers, not aviators, and designed he plane with that mindset.


Airbus did.

(But that said, plenty of Airbus crashes that were gross pilot error. AF 447, Air Asia 8501).

It was The NY Times he said that to. And that interview ends with this,

In the meantime, Mr. Calhoun is focused on the basics: producing jets at a pace the factory can handle, instilling discipline up and down the company, and hunting for bad news and acting on it.

“If I don’t accomplish all that,” he said, “then you can throw me out.”

‘It’s More Than I Imagined’: Boeing’s New C.E.O. Confronts Its Challenges (Published 2020)

In a candid interview, David Calhoun largely laid the blame for the company’s 737 Max crisis on his predecessor.

www.nytimes.com

 

[Richman]

Hot take: The MD merger is just used as an excuse for a culture that already existed at Boeing (and any other large organization). That is, a portion of the workforce that is not directly involved with doing and making things that people with money want to buy.

Instead, it is a part of the workforce that brings “commodity” talent for running a business. Sometimes that capability is absolutely needed to take a company to new markets and better efficiency. Other times it smothers what made a place special and able to do so they were doing at any scale.

So I think the MD merger is used as a corporate “othering” for a class of white collars to advance their career and authority at a place that previously saw their talents as ancillary and supporting.

+1 for insightfullness.

The “BS in Business” folks consume, infest and destroy. I saw these dudebros in college and want no part of their antics.

I’d hire a major in art history first.

 

[form810]

Board chairman also not standing for reelection…

https://www.cnn.com/2024/03/25/business/boeing-ceo-calhoun-leaving/index.html

Lot's and lot's of Boeing chairs have been given to "different" asses over the past several decades. Trouble is... they're all the same kinds of asses. Boeing needs a hard ass engineer in the CHAIR, not more buttery Wall Street escorts.

If we could only listen to the employees. One of them called it perfectly: "This airplane is designed by clowns supervised by monkeys." I'd hire that dude in a New York second.

View: https://www.youtube.com/watch?v=Q8oCilY4szc

 

[luke3]

Anecdotally, having worked post-merger at what was once the MD headquarters, I had nothing but pleasant experiences with their style of management. At least the ones I could interact with personally, let's say front line through director level. I will forever be impressed at how they handled an order from the top to cut my group's headcount by 50% by the end of the year, laying off from the top. They turned an order that would have gutted all the experience out of the group and sent many people on the street to not one person losing their job, using a combination of buyout offers and reassigning more junior engineers to other teams that had vacancies.

I attribute it more to GE style management, which matches what I saw with my own eyes during a brief period working at GE. If you look at the resumes of the board members and the C-Suite you'll see a lot of GE on there. Some say it started with Jack Welch, I'm honestly not read up enough on the history to determine exactly when it started, but it's done nothing but damage to all the companies it infiltrated since then.

 

[Minuteman]

I attribute it more to GE style management, which matches what I saw with my own eyes during a brief period working at GE. If you look at the resumes of the board members and the C-Suite you'll see a lot of GE on there. Some say it started with Jack Welch, I'm honestly not read up enough on the history to determine exactly when it started, but it's done nothing but damage to all the companies it infiltrated since then.

Yeah, guess where I got my perspective the matter.

I partly blame LinkedIn. Not directly, but there are people for whom that is their “social media.” They are insane. More because that’s the place they think of when they think “oh I have to post this,” unlike a normal human. And their vocabulary comes from that place, talking about ‘passive income’ while engaging in the grindset (while I’m just over here trying to get people to appreciate a skibidi toilet).

I haven’t figured out precisely how that makes their decision-making end-up like Boeing managers, but there is a correlation.

 

[form810]

Anecdotally, having worked post-merger at what was once the MD headquarters, I had nothing but pleasant experiences with their style of management. At least the ones I could interact with personally, let's say front line through director level. I will forever be impressed at how they handled an order from the top to cut my group's headcount by 50% by the end of the year, laying off from the top. They turned an order that would have gutted all the experience out of the group and sent many people on the street to not one person losing their job, using a combination of buyout offers and reassigning more junior engineers to other teams that had vacancies.

I attribute it more to GE style management, which matches what I saw with my own eyes during a brief period working at GE. If you look at the resumes of the board members and the C-Suite you'll see a lot of GE on there. Some say it started with Jack Welch, I'm honestly not read up enough on the history to determine exactly when it started, but it's done nothing but damage to all the companies it infiltrated since then.

Lol. Jack Welsh. Welsh, indeed! After the wake turbulence abated... yeah, we now understand how his "Brilliance!" worked out.

 

[///AMG]

Anecdotally, having worked post-merger at what was once the MD headquarters, I had nothing but pleasant experiences with their style of management. At least the ones I could interact with personally, let's say front line through director level. I will forever be impressed at how they handled an order from the top to cut my group's headcount by 50% by the end of the year, laying off from the top. They turned an order that would have gutted all the experience out of the group and sent many people on the street to not one person losing their job, using a combination of buyout offers and reassigning more junior engineers to other teams that had vacancies.

There’s also a dark side to this. Not the arbitrary cuts to workforce part (which is a dark side to begin with), but the propensity to “fire” ineffective people into other roles of management. Not speaking of any company specifically here, but i have seen this phenomenon at various places. But like you say, it can also be an awesome way to be creative and deal with a work group or program being eliminated without losing the talent of that WG.