No way listed companies will go back to the old model which was basically you exist to serve a market profitably and you go to the stock market to raise capital.
It’s all about financial engineering now. The raison de etre of the modern listed company is market capitalization value. And that is driven by EBIT. If you miss a quarters earnings and sales targets, you get brutally punished by the stock market. If you’ve worked in that environment you know every Quarter is a mad dash to hit targets and it trickels all the way down the organization. I’ve spent many a business review meeting getting my *** roasted. But get it right and the rewards are seriously big.
It’s all about financial engineering now. The raison de etre of the modern listed company is market capitalization value. And that is driven by EBIT. If you miss a quarters earnings and sales targets, you get brutally punished by the stock market. If you’ve worked in that environment you know every Quarter is a mad dash to hit targets and it trickels all the way down the organization. I’ve spent many a business review meeting getting my *** roasted. But get it right and the rewards are seriously big.
Would require a monumental reset. But that quickly become a political discussion so I won’t go there.
In the meantime, 737’s are t going anywhere . . . .
I could see this triggering the breakup of Boeing if it’s not resolved soon.
In the meantime, 737’s are t going anywhere . . . .
I could see this triggering the breakup of Boeing if it’s not resolved soon.
IMO Boeing needs to move HQ back to where the planes are made and developed.
The entire boards needs to be sacked and at least half of the new appointees should be engineers.
The entire boards needs to be sacked and at least half of the new appointees should be engineers.
The Boeing Starliner has failed it's mission. From what I read problems of a similar nature. Things given over to automation getting out of synchronisation. There are various reports to read.
Latest news is the space capsule wasn't lost and has been placed in orbit. Boeing really didn't need this. Perhaps it was inevitable during a test flight. Maybe it proves they do have plan Bs when required.
I saw a similar situation with hi fi in the late 1970s. Makes sold mostly on reputation started to be unreliable. Eventually an explanation emerged. The need to be new made the companies cut corners. As a repair man I became a hero as I very quickly fixed these things. One cassette deck had relay problems due to passing too low a current. We sold the machine sort of knowing this fault. It was a supurb machine and repaired them free of charge forever. That being at least ten years. It was bad luck it had this problem. This was quite common and typical. My boss said we were the research department. Rotel from memory had very few problems. They also were low cost. When hi-fi mostly it stops working and that's as bad as it got.
Agreed. Until the way the stock market works and executive pay is reigned in nothing will change. Little chance of that happening.
Pump the stock up, hollow the company out, slash costs, good is good enough working ethos.
Might be though that the right thing is to break Boeing up. Too big for its boots.
Pump the stock up, hollow the company out, slash costs, good is good enough working ethos.
Might be though that the right thing is to break Boeing up. Too big for its boots.
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A lot of the Boeing execs would have got preferential stock options and stock at $0. If they got say $200k stock and it more than doubled over the last 3 or 4 years that’s $400-500 k. On the $0 stock, it’s as good as giving them a sack of cash for playing along.
I’d bet VP’s and higher we’re getting 2x or 3x those figures, and the BoM probably 10x that.
I’d bet VP’s and higher we’re getting 2x or 3x those figures, and the BoM probably 10x that.
Software is only as good as the data fed to it.
If the sensors give duff information then software will give duff outputs.
The answer is to alert pilots and let them over ride the computer.
A lot of software is written by young lads just out of Uni who havent hit the management ladder yet. I have written software for 40 years and I am still learning !
The answer to poor software is good testing so any old software thrown at the testing will be filtered out and come out as good reliable software.
Or do as I do and try hard to get it right first time.
If the sensors give duff information then software will give duff outputs.
The answer is to alert pilots and let them over ride the computer.
A lot of software is written by young lads just out of Uni who havent hit the management ladder yet. I have written software for 40 years and I am still learning !
The answer to poor software is good testing so any old software thrown at the testing will be filtered out and come out as good reliable software.
Or do as I do and try hard to get it right first time.
Boeing documents show grim picture on 737 MAX issue: Officials - Republic World
No idea what kind of source this is but it seems clouds are gathering...
No idea what kind of source this is but it seems clouds are gathering...
Well, they still have the “defence” and space portfolios.
Boeing: Defense Overview
Boeing: Space Overview
However long it takes for the commercial aviation division to recover, one might opine the defence contracts would be hard to lose money on?
Boeing: Defense Overview
Boeing: Space Overview
However long it takes for the commercial aviation division to recover, one might opine the defence contracts would be hard to lose money on?
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