I wonder if the strong focus on short-term goals of saving money and servicing the stockholders contributes. I do know that Boeing’s federal division had a lot of very good employees who were encouraged to find ways to save money in the 90’s and early 2000’s (my company was a partnership between Boeing and Lockheed-Martin).
During Shuttle, IBM was wholly focused on quality; as a company, at my level at least we were encouraged to support the mission, not to come up with boondoggles. I have a feeling that was the same for most of the companies at the first and second-line levels, and very possibly the third. This strong focus on quality led to risk aversion, which increases costs. And, of course, taxpayers are all about cost, as are stockholders.
The systemic things I see that really concern me all have to do with money, which here in the US at least (and much of the world) is power. And we all know that people like power.
I don’t have the solution; this forum (and SC) are more like the donut counter where the old guys in the corner sit every morning and identify the world’s problems.
Upper management at Boeing will be replaced at the discretion of the stockholders, and only if the stock price takes a tumble. And they won’t hire someone who doesn’t want a large compensation package, because he (it’ll be a he) won’t have a “track record of stockholder satisfaction.”
Any more, that’s all that matters. Money makes most people pretty short-sighted. What Boeing needs is a longer-term goal, and the time and resources to address it. So yeah, a huge stock loss will help, but once they get a good quarter and some rich people have gotten their money back, things will go back
Wendy P.