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Old 26th Jan 2024, 09:09
  #102 (permalink)  
Uplinker
 
Join Date: Nov 1999
Location: UK
Posts: 2,520
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@remi +1

There are still some very good companies, but some managers of other companies no longer concentrate on making a 'thing' and having pride in making the best 'thing' they can; instead they concentrate on making money.

In doing so, the 'thing' - be that an airliner or a lawnmower or a service - is made progressively cheaper and cheaper, and by cheaper and cheaper workers, (by which I mean the workers are treated and paid more cheaply).

In their millionaire's club, someone came up with this wheeze - why bother with all the effort and complication of research and design to improve the 'thing' and make a better 'thing', when you can take huge amounts of money out of the company and put it into your own bank account or pension ? Doing it that way, you will have a personal fortune in 5 or 10 years instead of 30 or 40 years.

e,g, a bonus of hundreds of thousands (or millions) paid to the CEO, so there is not now the money to support a staff canteen, which gets closed, and we all have to make our own sandwiches every day to bring to work.

I have been made redundant twice from long, and very long, lived and successful airlines that became insolvent because they had been mismanaged and asset stripped in recent years. Airlines that previously had had very good reputations, high standards and good customer relationships. Both gone owing to bad management.

There are still some very good companies. Boeing was fantastic, once upon a time. But look at them now. What happened ?

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