Originally Posted by
Claybird
Bloomberg suggest a solution resembling my Engineer CEO / Wall Street savvy CFO duo. They say why not 2 CEOs?
I say why not an Engineer who has advanced grasp of business affairs (and Shanahan IS such a person) in tandem with a CFO who can look after the bottom line and restructuring of the company and who can speak to the shareholders and the investors in clear cut language?
And I'd say an equally powerfull COO, someone who will be able to make decisions in regard to who's gonna go in the middle ranks, what kind of remedial programs will be out in place, ensuring quality control is optimal etc..
Boeing needs a powerful triad of persons in my opinion not an all-encompassing, Napoleonic CEO like a Condit or a Jack Welch. The one man rule of corporate governance is over
No doubt, Boeing needs smart competent people at the helm. Well, remember, they already did have smart competent people at the helm. Problem is what their objectives were. Boeing needs honest people at the helm, and not only there but at every management level, because they need to restore an engineering, manufacturing and quality culture that had been downsized and despised by management the last several decades.
No doubt there are still excellent people within the company, but unless they are led to clean up the mess and institute, for real, the right practices and enforce them at the factory floor level, it won’t matter.
i wouldn’t put too much stock in the form of the leadership office, single, double, triple etc. But there needs to be accountability, checks and balances, etc.
What torques my jaws and should torque the jaws of every shareholder is the magnitude of the compensation packages and golden parachutes for people that failed miserably, in spite their “brilliance”.