Boeing's fall from grace will be a case study for the pitfalls of late stage capitalism. A complete and utter breakdown in leadership, company culture and honesty, in the name of greed and stock price. The Chicago leadership team were running this once proud company more like a desperate hedge fund than an airplane innovator and manufacturer. If Boeing were not backed by the full might of the US government there is a good chance they would be circling the drain as a company.
As a Canadian I can't help but see irony regarding the Cseries and MAX. Bombardier Aerospace invested heavily and developed a seemingly cutting edge, modern, safe plane and got bankrupted for it by the cynical tag team duo of Boeing and the US Government and the outrageous C-Series tariff. In the same time-frame Boeing cut every corner they could, lied, broke rules and laws left and right during the MAX development, certification and sales and delivered a complete dud. The CEO is rewarded with a $60 million golden parachute. Perhaps if Boeing's leadership was more focused on the engineering and manufacturing side, rather than focusing on financial and political moves to enrich themselves and torpedo competition, a few hundred people may still be alive today.