Quote:
Originally Posted by cockerpunk
this isnt a DEI problem.
its a management cost cutting banking on selling a hard earned corporate reputation for short term profits thing.
its happened everywhere. capitalism demands it. all the great american engineering firms have slowly been hollowed out, replaced with finance and software people to keep the books looking good, but the quality and innovation is long dead. we've been battling for 15 years at my fortune 100 US engineering company to keep R&D alive, but its been a losing battle here too. Boeing is just the canary in the coal mine.
until we redefine what businesses are for, there wont be a change. quarterly profit for shareholders is the only metric that matters, when in reality, businesses are about building valued solutions to real world problems. until we remember that, all the american greats are going to hollowed out, mortgaged, and sold out.
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Very insightful. I couldn't agree with you more. I saw both - the Boeing of 1980 that was a veritable "playground for engineers" whose only concern was pushing that envelope, to the Boeing of 2016 whose only concern was shareholder value.
Quote:
Originally Posted by cockerpunk
that would be great if musk was actually engaging in building useful products lol.
but can't say i disagree with the sentiment. maximizing shareholder return and the American MBA has killed more jobs, killed more American companies, than anything else.
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Yup, once again, I couldn't agree more.
Quote:
Originally Posted by cockerpunk
can't pick one. one is a response to the other. after 30 years of cashing out value by hollowing out your engineering and manufacturing, you have to hire them back to fix it. you have to rebuild those departments.
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Exactly. The former has fed a desire to do the latter. Pretty short sighted of these companies, however, in that engineering (or whatever it is a particular company does) talent is not the problem. It's still there, in those companies, it's simply been repressed by the management structure. Bringing back older, experienced engineers that left
because of that management structure won't fix the problem.
Quote:
Originally Posted by IROC
I left Boeing after 19 years in 2007 largely because this ^^ was what I saw happening.
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Exactly why I left in 2016. I loved my little corner of the company, and we were largely immune from much of what drove manufacturing, but it was starting to creep in to AOG as well.
What a sad tale. Not just at Boeing, but across corporate America.