Thanks for sharing that, Tom! I saw the clip on my YouTube feed the other day and forgot about it until I saw your post and remembered to watch it!
Oliver hit the nail on the head with Boeing that's for sure!
Its ashamed what has/is happened to Boeing.
And while Oliver shows the reality of the disaster the Boeing/McDonnel Douglas merger very well, the one thing that happened with Boeing still perplexes me to this day.
Back when Boeing was great, a young engineer named Alan Mulally joined them. As we worked thru the ranks at Boeing, he quickly became quite instrumental in various new concepts and designs on the planes, including being the primary engineer that came up with the shared cockpit design of the 757/767 that allowed pilots to be certified on either plane - one narrow body the other a wide body.
He went on to lead the development of the 777, first as the Director of Engineering and later becoming the VP of the entire 777 program.
After the successful 777 rollout and deployment, Mulally continued up the ladder to become the President and CEO of Boeings entire Commercial Airplane division.
At this time the crap started with Boeing CEO Condit and then Stonecipher - and Mulally was considered by most to be the shoe-in new CEO, but they passed him over for an outsider.
Alan Mulally then cut the deal where Boeing sold off what became Spirit AreoSystems.
After that transaction, Mulally left Boeing to become the CEO of Ford and is largely credited for saving Ford from certain bankruptcy, was able to keep Ford running without government bailouts and his successful management decisions while at Ford are still felt to this day.
Why Mulally sold Spirt off to me is WTF was he thinking?
And now, Boeing is in talks to buy Spirt back and there are some calling for Mulally to come back as CEO.
Imagine if Boeing took 20% of what it has or will spend on stock buybacks, negligent death claims for the two 737MAX crashes, the cost of the 787 delays and groundings, the cost of moving its headquarters from Seattle to Chicago to Washington DC, the costs of the Alaska door plug blowout, along with all the other crap and then add in the incentive compensation programs paid to its senior executives and worked that into employee collective bargaining wages and benefits and quality control.
Where would Boeing be today if it had done that for the last 30 years?
Oliver hit the nail on the head with Boeing that's for sure!
Its ashamed what has/is happened to Boeing.
And while Oliver shows the reality of the disaster the Boeing/McDonnel Douglas merger very well, the one thing that happened with Boeing still perplexes me to this day.
Back when Boeing was great, a young engineer named Alan Mulally joined them. As we worked thru the ranks at Boeing, he quickly became quite instrumental in various new concepts and designs on the planes, including being the primary engineer that came up with the shared cockpit design of the 757/767 that allowed pilots to be certified on either plane - one narrow body the other a wide body.
He went on to lead the development of the 777, first as the Director of Engineering and later becoming the VP of the entire 777 program.
After the successful 777 rollout and deployment, Mulally continued up the ladder to become the President and CEO of Boeings entire Commercial Airplane division.
At this time the crap started with Boeing CEO Condit and then Stonecipher - and Mulally was considered by most to be the shoe-in new CEO, but they passed him over for an outsider.
Alan Mulally then cut the deal where Boeing sold off what became Spirit AreoSystems.
After that transaction, Mulally left Boeing to become the CEO of Ford and is largely credited for saving Ford from certain bankruptcy, was able to keep Ford running without government bailouts and his successful management decisions while at Ford are still felt to this day.
Why Mulally sold Spirt off to me is WTF was he thinking?
And now, Boeing is in talks to buy Spirt back and there are some calling for Mulally to come back as CEO.
Imagine if Boeing took 20% of what it has or will spend on stock buybacks, negligent death claims for the two 737MAX crashes, the cost of the 787 delays and groundings, the cost of moving its headquarters from Seattle to Chicago to Washington DC, the costs of the Alaska door plug blowout, along with all the other crap and then add in the incentive compensation programs paid to its senior executives and worked that into employee collective bargaining wages and benefits and quality control.
Where would Boeing be today if it had done that for the last 30 years?