PPRuNe Forums - View Single Post - MAX’s Return Delayed by FAA Reevaluation of 737 Safety Procedures
Old 20th Oct 2019, 04:41
  #3225 (permalink)  
Big Pistons Forever
 
Join Date: Jan 2004
Location: Canada
Age: 63
Posts: 5,208
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Sadly the root cause of this tragedy seems increasingly apparent. A company run by MBA bean counters who know the price of everything and the value of nothing combined with a regulator who was so lacking in personnel and financial resources that they had effectively delegated their responsibility to the companies that they were supposed to provide oversight to.

Boeing returned over 90 BILLION dollars to shareholders in the form of dividends and share buybacks in the last 10 years. That money came from a company top to bottom emphasis on cheap and fast, instead of spending the money and taking the time to do things right.

Like Exxon and BP the Boeing C suite executives got their fat bonus cheque’s as the stock price soared oblivious to fact they were destroying the company......
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