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0 pointssureIy1y ago0 comments

As bad as this is, nobody wants an Airbus monopoly, so let’s hope that individuals are arrested and Boeing continues to exists instead.

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abeppu1y ago

I think the DoD should make clear that the funds previously marked for Boeing would be open for new firms even if staffed by former Boeing employees -- provided diligence checks find no involvement by those parties in the current fraud case. Boeing, if it had no prospects of continued DoD contracts, would naturally want to offload teams and facilities dedicated to that work. If this situation was handled right, it could spark the creation of multiple new American firms with the means and know-how to deliver the various products and services that Boeing formerly provided, while simultaneously delivering a very clear message to shareholders and C-suite officers that this sort of conduct will not make them rich.

t_mann1y ago

> the funds previously marked for Boeing would be open for new firms even if staffed by former Boeing employees

> delivering a very clear message to shareholders and C-suite officers that this sort of conduct will not make them rich

And the best way to make that point is to create new investment opportunities that will make some former employees of the same company and many of the same investors rich?

abeppu1y ago

1. Boeing investors should take a substantial haircut. If those investors subsequently in on new firms, good for them (though initially these new firms may be private). I see no reason they should expect to "get rich" from the investment. The top institutional shareholder is Vanguard whose involvement will have been minimal and whose future behavior is unlikely to change. But Boeing execs whose compensation is largely in stock packages should take a really large hit, and any shareholders who are more apt to be more activist will be more likely to express concern about this kind of conduct sooner.

2. I have to expect that plenty of employees who did not become dead whistle-blowers were not involved in fraud, or poor engineering practices. Certainly a great many long-time Boeing employees expressed concerns about the deterioration of engineering-first culture.

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sitkack1y ago

Then nationalize Boeing's commercial airplane unit and put the people who actually want to build quality airplanes back into leadership.

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abeppu1y ago

t_mann1y ago

> the funds previously marked for Boeing would be open for new firms even if staffed by former Boeing employees

> delivering a very clear message to shareholders and C-suite officers that this sort of conduct will not make them rich

And the best way to make that point is to create new investment opportunities that will make some former employees of the same company and many of the same investors rich?

abeppu1y ago

1 more reply

sitkack1y ago

Then nationalize Boeing's commercial airplane unit and put the people who actually want to build quality airplanes back into leadership.

j / k navigate · click thread line to collapse