PPRuNe Forums - View Single Post - The cost of corporate deception and the drive for a healthy bottom line.
Old 9th Jan 2021, 07:33
  #13 (permalink)  
DBMeridien
 
Join Date: Sep 2016
Location: Australia
Posts: 10
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Reward for massive failure

Seems to be a lucrative game taking a highly regarded business like Boeing with an admirable history in aviation and decimating it to the point of near extinction. The total cost of the Max debacle is looking to be in the vicinity of $70Bn and counting - lost sales, rectification, deferred deliveries, cancelled contracts plus penalties and compensation. More than enough $$$ to lead the market with development of NMA and all new narrowbody families to take Boeing well into the future - with maybe $30Bn in change left over.

And, the great leader that ‘led’ Boeing into all of this - Muilenburg - picked up $60m on the way out the door. Thank you.

I find this to be a crime against the people of Boeing that will have harder and more uncertain times for many years to come. It is a crime against the customers and the shareholders.

investing $70Bn rather than p#$&ing it (plus $60m) up against the wall would build a positive and leading future v uncertainty and risk aversion.

These are USD too.

Back to Oz. What did Borghetti make out of VA for taking it to the brink of death? More than the lifetime incomes of many.

I have seen high level execs make major, structural stuff ups and seem to be moved further up the corporate ladder. It is insanity.

Muilenburg and Borghetti will never need to work again. Maybe that is a blessing for many?
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