PPRuNe Forums - View Single Post - Boeing 737 Max Recertification Testing - Finally.
Old 9th Jan 2021, 15:28
  #628 (permalink)  
Big Pistons Forever
 
Join Date: Jan 2004
Location: Canada
Age: 63
Posts: 5,212
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Sadly the US model for "capitalism" is capitalization of the profits and socialization of the losses. Plus it doesn't matter how badly the C suites guys screw up they always walk away with a big pot of cash. Former CEO Dennis Muilenburg got 65 Million dollars to preside over the destruction of what was a aerospace giant. In a perfect world he should have had to pay back every penny of every bonus he ever got on the job.

Sadly Boeing is just a symptom of the bigger problem. A business environment that prioritizes short term stock price appreciation over all else. Maybe OK if your business is making pillows or burgers but a recipe for disaster technology heavy, safety sensitive industries like aerospace. In that environment what happened at Boing was inevitable.
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