So to sum up, Boeing - a company that makes airplanes that carry millions of people through the air every year - is engaging in "extreme cost-cutting," ignoring the advice of long-term professionals who assemble the airplanes, cuts quality and safety inspections, and is trying to pay the people who build these aircraft the absolute bare minimum possible by law. Usually I don't pay much attention to the "equipment" part of booking a flight. Now, I'll pay a little more if it will keep me off a Boeing product.
$33,000,000 for a CEO who puts profits over safety. That guy needs to walk away without any golden parachute. He lied through his teeth at the Senate Subcommittee Hearing. His apology to the families of the people he killed is insincere. Greedy little ...
What rubbed me the wrong way when viewing the video is - Dave Calhoun walks away with a $24 million payout - worth up to $45 million more - while workers have had their traditional pension benefits gutted and people flying on Boeing planes have died all in the name of boosting stock prices.
My brother was an aviation mechanic/pilot until he retired. He worked for several companies both large and small. It was always the same hurry-up-cut-corners pressures. He lost two jobs for refusing to sign off on his work that was not complete and safe. Most of his co-workers just gave in to preserve their jobs. No matter how fast they worked, no one could do a good job enough to please the bean counters. That includes the past 6 decades. This is nothing new; it's just gotten so much worse.
In the corporate world, it's very simple: do as you're told. If you don't, the wealthy and powerful CEOs will trash yer dumb arse and find someone else who *will* bow, kneel, and kiss the ring as is expected. 💪😎✌️ "If you ain't rich, then you ain't sheet." --J.P.
@@Novastar.SaberCombat Your statement is true. However, what these idiots don't realize is that sacrificing quality for profit never works, long term. What they need to realize is that manufacturing a quality product, in their case an airplane, with a solid preventive maintenance program, will bring them far more profits. I've been in manufacturing since the 1980's and have worked for a few smaller shops and only two bigger companies and those two companies had the same sh*tty format that boing now has.
@HanJanssen-pg9jh Don't know what country you are in, but it's not a lack of learning about what citizens need. First, the US is very multi-cultural with many differing religions, not to mention that it is huge. Second, because of that and the independent and survival nature of the kind of people who first invaded the indigenous peoples in America, our economic system is highly competitive, dog-eat-dog, really. It's all about who can get the most of anything and everything and our politicians get a lot by being politicians, getting bribed to do the bidding of all the wealthy people. Nobody cares about others, only how to get ahead of others not only to survive, but to thrive above all others. We are not all on the same page. We really are not united because we have no notion of being vulnerable due to our size and military might so there's not sense of needing each other. We are protected by oceans and military might. Foolishly, most citizens don't even value our allies overseas; why should we care about some European country being attacked by Russia? That's their problem so why should our tax money go to them? Isolationism is 100% a mistake in the twenty-first century; they are the ones needing to learn the big picture. Big corporations with all the power have learned that they can pay workers way less than a living wage because those workers making so little can get government support (welfare) to keep from starving. Those businesses are getting indirect government subsidies to reduce their payroll costs so they can make more profit which is favorably taxed or not at all, all due to bribing politicians. The core problem is the corruption of politicians which happens once politicians get into office and get changed from caring about their constituents to using them for personal gain. This is what you need to learn about the United States of America (in my opinion).
@@theboyisnotright6312 "Courts-martial". It depends on the situation, was it an easily preventable error? Was it an error in the TI and you brought it up to your supervisor? If the supervisor ignored it, did you escalate it? Airmen mechanics are not held responsible for the actions of their leadership for the most part, if it was an issue and properly identified and no one took appropriate action, leadership would be smoked in a courts-martial. It's why I always encouraged my guys and gals to come to me with an issue and they knew it would be handled because I had no problems going around my boss (if he refused to do something, most of the time they handled stuff above my paygrade) and going straight to the commander with safety and environmental issues. And if that didn't work, well my commander had a boss too. All the way up to the IG. But I told my guys and gals to come to me, that way they would be covered. The only time one of my airmen had to go stand in front of the commander, I went with him and stood with him in front of our commander. It was a minor infraction and he got off light but all my people always knew I would be right there with them, regardless of the outcome.
When the engineers, tech folks, and quality control are all telling you there's a problem or leaving, but execs aren't listening, you need major change.
I was a tooling engineer there and one of the reasons I left was the mechanics would destroy equipment on purpose if they didn’t like it, such as guard rails they don’t like. There was no action against these employees, they were untouchable. Just fix it again so they can break it again over and over. Waste of a career.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes...
@@FlorentGulliver The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
that was back in the days after FDR had broken the monopolies and stripped the super rich of much of their power so they had to actually make something of use to tempt customers in a functioning market. But making good products and paying workers is less profitable than paying workers poverty wages to make crap for customers who have no alternatives. So now the super rich have rebuilt their power they are of course going back to the most profitable business model. Thats just an inevitable outcome of wealth inequality. The only way to fix this is to strip the super rich of their power once again, and their power is their money. 70% top rate of income tax, wealth taxes and changing the constitution to get rid of Citizens United is the only way to fix this. Anything else will just be undone by lobbying. As long as the rich have enough money to buy governments, they will buy governments that let them get richer at everyone else's expense. So we need to make sure governments are unaffordable to anyone
We're no longer the customers. We're the product. The shareholders are the customers, they're always right and the corporations will do anything to please them immediately.
The worst part is we also brainwash those poor people into believing they'll one day be rich, which leads to those poor people helping the rich at the detriment of themselves. "One Day Millionaires" describes a lot of poor americans. They truely believe they'll be rich one day.
Could’ve sworn I saw a video saying the CEO of Boeing got a pay increase of like 45% in a single year. But the real workers pay stay stagnant. Sounds backwards to me imo
@@LyritZianIt’s not all or nothing. Striving for a promotion at work (which deprives someone else of a promotion) is one thing. Destroying a vital aerospace company and causing death so you can make a hundred million dollars is something else.
Yeah, a company like Boeing should prioritize safety over anything else, the fact rhat every company just makes their product worse to make more profit is the worst. Also, love your pfp
They used to say, " If it's not Boeing, I'm not going." Now they say, "If it's Boeing, I'm not going." There's no quality to be found anywhere in anything from aircraft to toilet paper, at least in the US. Quality is not profitable enough.
That's every company nowadays, quality goes down and prices goes up. Line has to go up even if the customers suffers for it and the only people that benefit from it are less than 200
So let me get this straight: you expect the wealthy and powerful who make the rules to decide to harshly punish the wealthy and powerful who make the rules...? Can I interest you in a bridge I have for sale...?
I thought that was true but there's a lot of evidence that supports that the guy committed suicide. I know it's really suspicious that he would kill himself at that time, but he already gave testimony. Why would Boeing hire a hit man to kill the guy after the damage was done?
TWO whistleblowers have died while the claims were under investigation. Mysterious, isn't it? By the way, I have no plans on offing myself, just saying...
Being retired now, I don’t mind speaking out regarding large corporations. I was upper management for years and deep down inside the boardrooms, safety is number one…as long as it doesn’t interfere with production. True story.
@@youtubeuniversity3638 You're right, let me rephrase. "Not once has putting businesspeople in charge of aerospace firms caused anything other than catastrophic failure and loss of life."
What makes this union protest so different about past protests is that they arent just conplaining about wages, benefits and vacation. They also want the company to make safe planes and address their engineering and QA issues
@rcpmac nope your straight up wrong, if the worker doesn't do quality work it is their fault. YOU ALWAYS HAVE A CHOICE. I guarantee if records of who screwed up a job end up in court they will be held to account for their screw ups. That is why you never sign for another's work, you never fake data, don't take the fall for another
@jonathanjones3126 You can't guarantee anything. You didn't listen to the documentary and the fact that QM was stripped down. The union comment also shows that you have a mindset, but no clue about how quality management in manufacturing works.
I admire 747, but now I make sure my flight is with Airbus. I can sleep better. One airline operate only Airbus, I book their flight whenever possible.
When they said people aren’t staying around and getting experience I immediately thought this is a company that needs to offer a pension. No surprise that they got rid of it. Probably some short sighted exec with an MBA
It’s scary to think about high turnover in jobs that are this technical. Expertise and experience are the only way to run an assembly line safely and efficiently. I was an aircraft mechanic for 25 years in the military and it didn’t take much research to learn that working at Boeing or most other aerospace companies as a mechanic would be a last resort. After seeing this I’d rather drive a school bus full of unruly kids everyday than to be a part of a system that puts profit over lives.
Pensions have been phased out nation wide. Most companies quit offering them in the 90’s. Company loyalty is also history as well. I’ve worked in Aerospace 17 years at 8 different companies, including Boeing.
As a trader, this has always been weird to me. A company starts and gets to a point to deliver an excellent product/service. Then they get listed, everyone is excited to invest in the business but the company then starts cutting costs and pumping output to get stock price higher but forget about the quality product that got people excited to buy the stock in first place...
Either you have an airplane or you have a deathtrap. Cutting corners is not how you get an airplane and those corners were drawn up because someone somewhere died when airplanes were just being refined as a form of transportation.
Welcome to late stage capitalism. The FAA can write reports and tsk-tsk all they want, nothing is going to change until they dish out significant fines or jail time.
That right. The perfection of the industry was written with blood. Allow planes to fly without bolts or unknonw failures is criminal and disrepectful of that victims that died so they could learn somrthing. But Boeing doesnt care. Probably they think they are MCI and they are building coaches.
This is exactly why I am so interested in aviation. Its seemingly one of the last bastions of "Follow procedure or you die" I guess not anymore. This is absolutely sad for our country.
@@m.j.carlson8246define the word "shareholder". The employees in an employee-owned company are shareholders, too, despite not being "trust fund babies".
The executive class has been destroying this country for well over a century. The public education system was deliberately created to make compliant workers for industry. That is why the school system, especially colleges, have turned into indoctrination factories; pumping out people who are too ignorant to vote intelligently. For example: the Democratic Party from its inception has been for slavery, whether chattel or economic. Today they want you enslaved to the government and your corporate overlords.
i once asked my company management this question, between quality and time to market which one would you prioritise? Without fail and proudly they announced time to market all the time . That just about sums up the kind of philosophy these corporations work on
There’s close to 9 billion of you and about 1 million corporates fucks around America… you do the math on that and tell me again how sitting on your couch just commenting boo hoo is going to change anything.
Pretty much every company in this country has this problem. Putting executive pay and shareholder profits over all else. Time for consumers and workers to start solving this problem since it won't get taken care of any other way.
100% agree with you. I used to be anti-union, I know, I know, I was extremely ignorant and young enough to know everything there is to know). Well, I did my homework, anyway, we can give billionaires the middle finger, I’m in!
Cost goes up, safety and space go down, employee wages stay low... i wonder where all of this money is going. Surely, greed couldn't be the cause of all of these issues
Profitability & maximized stock gains have been the root of american manufacturing since the 80's. The first time I witnessed it, it was from a mechanic's perspective. A 'teenager cutting his teeth on isuzus & nissans. It was pathetic the way ford & gm made low quality, small 4 cylinder cars to at long last cope with high gas prices, & as a late response to japan providing people exactly what they needed. A small, reliable, fuel-efficient car (or truck) Naturally relations with the workers bit the dust, too. And as japan expanded & tigtened its grip on the american auto market, detroit faced factory closures, & layoffs of 100's of 1,000's of workers To me, the last of truly great leadership in american business was lee iacocca. He turned chrysler around, & saved it from bankruptcy & dismantling. Unlike wall street during the obama years, iacocca even managed to pay back an astronomically-sized government bailout. There was a time when fiscal/ economic responsibility was practiced at ibm, ford, boeing, chrysler, intel, etc, but no longer For the most part, the ethic of industry hasnt changed. Its been Profits Over People ever since. We will not survive as a nation with criminals in control
@@magnificentmuttley154 The book 'A Savage Factory' by Robert Dewar certainly solidifies your comment. The author was a factory worker at an auto assembly plant starting in the late 60's or early 70's and finally had enough by around the mid 1980's. The book was a good read, and for me, being in manufacturing since the 1980's, it really had an impact. I could hardly believe some of the things he described....
First shock I’ve learned from corporate greed, a central air unit that had to be replaced after 4 years! Then a fridge that only lasted half as long as the last one, now compromising safety over 💵. Nothing surprises me anymore.
A company can never take a loss. Just being profitable isn't good enough, it's about being more profitable than last year. The problem? That is impossible. Eventually you will run into a time when it's impossible to increase profits again. The big wigs need to accept that profit is what's important, not exorbitant wealth
@@Dog.soldier1950 as someone who worked in HVAC for three years and worked at boeing the last couple of years i can uniquely state with a fact that, no, these are not federal mandates. It is in fact corporations utilizing key aspects of federal law to have equipment that always need to be worked on and replaced to maximize shareholder value and profits
@@SkyBear0509If there was so much money involved that it's profitable for Airbus to arrange their deaths on different continent, boeing has enough incentive to hire bodyguards to protect them. So no, it's more likely that Boeing decided that damage to their image from death of a whistleblower will be less than damage from the lawsuit and damage to image from said lawsuit.
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@@Toywins It wasn't meant to be funny in the early sixties. It was meant to be dead serious. If the airline didn't use Boeing planes people wouldn't fly on that airline.
That is very true and I used to hold that belief back in the 1980s and 1990s. Today, the only Boeing airplane I will accept to fly on is the Boeing 777. I have never and will never accept a flight with a Boeing 737 MAX. While I have flown the 787 many time and found it to be a very good airplane (not as comfortable as the A-350), I have always planned my travels since 2020 so I completely avoid flying any other Boeing airplane than the 777. If at all possible, I plan my travels flying Airbus only no matter any extra cost of time incurred to do so. As a flying customer I simply don't trust Boeing and their products today. Had a similar situation as the 737 MAX coverup happened in Europe, the responsible would have been sent to prison. There is no way they could have paid their way out of getting prosecuted as happened in America. You do not kill 346 innocent people due to a coverup and get away with it anywhere else than in America where profit can circumvent justice. By not punishing the guilty for the murder of 346 innocent people, American basically became the global laughingstock and remains to be so to this day. The justice system in America is simply corrupt, worthless and utterly 3rd world. Boeing got away with murder and currently, America has an ex-president and plenty republican lawmakers who got away with supporting an insurrection and thus treason against the US Constitution. America is today simply a rotten pit of corruption, corporate greed and an incompetent and impotent justice system.
Profitability & maximized stock gains have been the root of american manufacturing since the 80's. The first time I witnessed it, it was with the pathetic way that ford & gm made low quality, small 4 cylinder cars to at long last cope with high gas prices, & as a late response to japan providing people exactly what they needed. A small, reliable, fuel-efficient car (or truck) Naturally relations with the workers bit the dust, too. And as japan expanded & tigtened ita grip on the american auto market, detroit faced factory closures, & layoffs of 100's of 1,000's of workers To me, the last of truly great leadership in american business was lee iacoca. He turned chrysler around, & saved it from bankrupcy & dismantling. Unlike wall street during the obama years, iacoca even managed to pay back an astronomically-sized government bailout. There was a time when fiscal/ economic responsibility was practiced at ibm, ford, boeing, chrysler, intel, etc, but no longer For the most part, the ethic of industry hasnt changed. Its been Profits Over People ever since. We will not survive as a nation with criminals in control 😪
So glad I live in Australia, you cannot beat free healthcare, 4 weeks paid annual holidays, sick pay and maternity leave, not to forget everyone who works gets a retirement contribution from their employer that is mandated by the government. Plus MINIMUM wages are going up to $24.10 per hour on the 1st July. Sux being an American worker
on the maternity leave, i have lost coworkers who think that their manager has to let them use it. they quit rather than ask for permission they didn't need.
I work on the government side of Boeing and have stricter regulations that allow quality and safety have a better voice but we need this in commercial too. Hopefully we see positive changes. I am ready for Boeing to be an Engineering company again and not a shareholder profit company.
Watch John Oliver's Boeing segment. Boeing's priorities were obvious when they moved HQ from Seattle where their plant workers and engineers are to DC where their lobbyists are.
Every checkflight performed by Boeing should be required to have at least one top corporate executive aboard as a passenger, and all the executives should be on the roster, each one randomly chosen for a flight.
At my last job, I'm retired, I got raises every year, along with good merit increases. Then we got a union. In the last 2 contracts, I got zero each time, while paying to the union. If there is good management, I don't believe a union is necessary. However, good management is very rare these days.
They made all full time employees into under 40 hrs a week and then cut the health care benefits and retirement since employees were no longer Full Time. That was what they did here about 20 - 25 years ago. Everyone had to get different jobs.
@@drewthompson7457 thats crazy. i get raises every year, retirement benefits and more. but i think it depends on the industry you work in for sure. since im in healthcare a union is incredibly necessary. the state proposed budget cuts for the program i work in specifically, and our union advocated for us and had us harass govt officials out of doing it. they organize protests as well.
Every normal company would fire the Mgmt instantly and make them accountable plus make them payback their horrendous salery... They should be ashamed of their poor management skills...
This may seem weird but until all these Boeing issues, especially the door falling off, I never really gave any thought to the fact that humans actually built the planes we all fly in. This is 100% not an industry that should even be allowed to shortchange their employees or cut corners on quality. Lobbying has destroyed our government. Greed has destroyed our economy. Ignorance and weakness has destroyed our society.
It's not just the commercial side... boeing defense has the same shit going on, it just hasn't become public yet. It is always about schedule and not quality and safety. They keep the defense side quiet cause we're the ones keeping the company afloat... I do want to point out though we do have some of the best mechanics working on our fighter jets, so we make damn sure everything is done right regardless of what management says. Stay strong my union brothers and sisters.
It's not anyone moralfailing. It's a systemic failing of industries all having to compete for capital and thus having to maximize returns to be as tempting as possible to idiots who have the money or they have to close down shop. If you want to blame something blame this whole mode of production that makes these things inevitable
Profitability & maximized stock gains have been the root of american manufacturing since the 80's. The first time I witnessed it, it was with the pathetic way that ford & gm made small 4 cylinder cars to at long last cope with high gas prices, & as a late response to japan providing people exactly what they needed. A small, reliable, fuel-efficient car (or truck) Naturally relations with the workers bit the dust, too. And as japan expanded & tigtened ita grip on the american auto market, detroit faced factory closures, & layoffs of 100's of 1,000's of workers To me, the last of truly great leadership in american business was lee iacoca. He turned chrysler around, & saved it from bankrupcy & dismantling. Unlike wall street during the obama years, iacoca even managed to pay back an astronomically-sized government bailout. There was a time when fiscal/ economic responsibility was practiced at ibm, ford, boeing, chrysler, intel, etc, but no longer For the most part, the ethic of industry hasnt changed. Its been Profits Over People ever since. We will not survive as a nation with criminals in control😪
When MBAs and business people who didn’t come from the product background and come from just numbers background that never hit the pavement and grind of product development should never be in CEO of the company that exists because of said product.
When a company is prioritizing profit over safety, it’s a little disquieting to think that every last nut and bolt on an aircraft was made by the cheapest possible vendor.
Industry analysts, insiders talk about a combination of Boeing issues: inherited corporate culture of McDonnell Douglas (cult of “Neutron Jack” Welch GE influence), Boeing Wichita spinoff to Spirit AeroSystems, corporate HQ move to Chicago, now DC area, stock buybacks, critical loss of necessary skilled, experienced talent from retirement and layoffs, move to non-union South Carolina 787 factory, and more
Profitability and stock price clearly don't go hand in hand, certainly not in the long term. But there is only short term thinking at the top: "How long can I milk this gig to look awesome and afford that yacht and golf membership, before getting out just before it all goes south?"
Exactly because even people who buy stocks/partial stocks do pay attention and will not buy because there's no viability for long-term. They would make much more if they focused on quality. No serious investor would consider investing with so many red flags
@@christenw.1726 Individuals seldom buy individual stocks these days, it's mostly institutional investors who primarily seek the highest possible returns relative to the safety of their investments. Ultimately these investors determine corporate strategy by investing, or not, in a given company.
32,000 plus 10,000 hired since November 2023.... so 40,000 Washingtonians living below the poverty line while working 40+ hrs/week..... and yes, she is correct; you make more $ at McDonalds than building a 300 million dollar aircraft.
Someone is going to have to explain this to me. How can a unionized employee in the aerospace industry make less than a non-specialized fast food employee?
@@ADAPTATION7It's often the starting wage that's the issue. Fast food workers don't top out at nearly the same. But yes, boeing's starting wage turns off a lot of good prospective workers.
@@erikness4231 Well, I would sure like to know what's the starting wage of a unionized floor employee at Boeing. It can't be less than a UAW working for one of the big threes (I hope).
3:32 @@ADAPTATION7It depends on the actual job code but I believe structural mechanics (most new hires) are starting at $24 per hour. That's in Washington state which is union. South Carolina, I have no idea, but I'm sure it's much less.
All that money saved on wages, pensions, and outsourcing is costing them more in the long run. Except for the suits strip mining the company. If I screwed up in my former line of work, I would not leave with a $23M golden parachute.
This sort of management is happening in every industry and it's driven by leadership's primary goal of making lots of money, unfortunately they are setting the business up for failure because of what is nothing more than greed. Personally, I'd like to end stock payouts for well established companies so that money is used more appropriately to reward those doing the hard/real work.
I am a former lazy b employ, and my brother is a retired lazy b employee just one word of caution ⚠️ my brother always said that the local 751 is the best union that Boeing could afford so keep an eye on them
Holy crap! This is what I experienced with Textron (Cessna) in 2016-17. Textron bought out Hawker-Beech and they were pushing the safety and quality envelope. The wire shop was outsourced to Mexico. Which ended up causing stoppages on the assembly line because of the wire bundles causing power on checks to fail when completing an aircraft. They hired me on as a mechanic along with so many other people off the street who had no previous experience in aviation and aviation culture. I only knew about FOD and tool inventory due to my training in the Army. “Voluntary overtime” was a joke. Voluntary wasn’t truly voluntary. They question why you aren’t working 7 days a week. Working experimental we kept pushing testing milestones that were unrealistic. Since no one knew about FOD. We had to halt production to spend a full 24 hours looking for FOD. Literally show up to work to do nothing while a select few would inspect the aircraft. Instead of having a policy of clean as you go. Having multiple sets of eyes checking your work. It was stressful. I had to admit that I was missing a screwdriver and I admitted to losing it. Ended up I think someone hole it because it showed up in plain sight.
My retired parents were asking me why people keep "whining" about work life balance and wanting more money. I told them I didn't think 2 retired people that worked 7am to 4 pm Monday through Friday for most of their careers would understand the struggle we are having now. My husband got a job at the factory my dad worked at before he retired. They started him at $14.50 in the 2010s. He was telling my dad that was pretty low. My dad's response was "That's what I started at in 1991, that's good money." I said, "That was good money, to live as good as you did back then he would have to make $25." He did not agree. He retired making $35+ an hour.
@@markopinteric My in-laws are the same way. I think reality is going to hit them hard when they go shopping for their retirement home in the coming years.
As an American aerospace machinist what I’ve seen in this industry in the last 5 years especially is scary. Quality at all levels is dropping fast. The family business I worked for for the last 15 years just sold to huge corporation 1st thing they did was cut our insurance, next robots and oh yeah profit profit profit… ahhh corporate America.
I'd say it's PE-adjacent. Boeing is self-owned, just the upper management was doing their absolute best to pump the stock, to look attractive to the likes of PE and institutional investors.
Quality first and no short cuts. This applies to aviation more than any other industry.in aviation short cuts and saving on quality materials should never be discussed
Airplane construction is closer to exotic car manufacturing than basic vehicle assembly line. Much tighter tolerances, much smaller margins of error, and many fewer final products. This CANNOT be done “on the cheap.”😡
So to sum up, Boeing - a company that makes airplanes that carry millions of people through the air every year - is engaging in "extreme cost-cutting," ignoring the advice of long-term professionals who assemble the airplanes, cuts quality and safety inspections, and is trying to pay the people who build these aircraft the absolute bare minimum possible by law.
Usually I don't pay much attention to the "equipment" part of booking a flight. Now, I'll pay a little more if it will keep me off a Boeing product.
Share holder greed, once again.
100% flying Airbus
@@Dr.MzunguBut who are the shareholders? Anyone in America with a 401k or IRA. Fun times eh?
I trust Embraer 100% and Airbus too but I've stopped flying with airlines who use Boaing products
Beans counters
$33,000,000 for a CEO who puts profits over safety. That guy needs to walk away without any golden parachute. He lied through his teeth at the Senate Subcommittee Hearing. His apology to the families of the people he killed is insincere. Greedy little ...
The rich can do whatever they wish. No exceptions. Wealth is health, might is right. 💪😎✌️ #copium
He also had knowledge of or ordered the “SUICIDE” of the 2 whistle blowers that exposed the incompetence of upper management.
Handcuffs and a disposable key sound appropriate.
Handcuffs and a concrete brick sound like his appropriate swim attire.
He's quitting at the end of the year. Full benefits and a golden parachute of course for "doing such a great job".
What rubbed me the wrong way when viewing the video is - Dave Calhoun walks away with a $24 million payout - worth up to $45 million more - while workers have had their traditional pension benefits gutted and people flying on Boeing planes have died all in the name of boosting stock prices.
Correct.
This happens in every industry too.
PAC money.
Look into it 🤙
Happened to Tesla, too. They laid off 15,000 people and Musk was given a $56 billion pay compensation.
What are YOU going to do about it? Have you shared this story with everyone that will listen?
Only in America?
That’s how Capitalism works! Time after time the Workers continually get ripped off! Either by layoffs rip off or plant closures!
My brother was an aviation mechanic/pilot until he retired. He worked for several companies both large and small. It was always the same hurry-up-cut-corners pressures. He lost two jobs for refusing to sign off on his work that was not complete and safe. Most of his co-workers just gave in to preserve their jobs. No matter how fast they worked, no one could do a good job enough to please the bean counters. That includes the past 6 decades. This is nothing new; it's just gotten so much worse.
My ex-husband would not sign off on someone's else work. He said he wasn't going to jail if there was an accident.
In the corporate world, it's very simple: do as you're told. If you don't, the wealthy and powerful CEOs will trash yer dumb arse and find someone else who *will* bow, kneel, and kiss the ring as is expected. 💪😎✌️
"If you ain't rich, then you ain't sheet." --J.P.
@@Novastar.SaberCombat Your statement is true. However, what these idiots don't realize is that sacrificing quality for profit never works, long term. What they need to realize is that manufacturing a quality product, in their case an airplane, with a solid preventive maintenance program, will bring them far more profits.
I've been in manufacturing since the 1980's and have worked for a few smaller shops and only two bigger companies and those two companies had the same sh*tty format that boing now has.
@HanJanssen-pg9jh Don't know what country you are in, but it's not a lack of learning about what citizens need. First, the US is very multi-cultural with many differing religions, not to mention that it is huge. Second, because of that and the independent and survival nature of the kind of people who first invaded the indigenous peoples in America, our economic system is highly competitive, dog-eat-dog, really. It's all about who can get the most of anything and everything and our politicians get a lot by being politicians, getting bribed to do the bidding of all the wealthy people. Nobody cares about others, only how to get ahead of others not only to survive, but to thrive above all others.
We are not all on the same page. We really are not united because we have no notion of being vulnerable due to our size and military might so there's not sense of needing each other. We are protected by oceans and military might. Foolishly, most citizens don't even value our allies overseas; why should we care about some European country being attacked by Russia? That's their problem so why should our tax money go to them? Isolationism is 100% a mistake in the twenty-first century; they are the ones needing to learn the big picture.
Big corporations with all the power have learned that they can pay workers way less than a living wage because those workers making so little can get government support (welfare) to keep from starving. Those businesses are getting indirect government subsidies to reduce their payroll costs so they can make more profit which is favorably taxed or not at all, all due to bribing politicians. The core problem is the corruption of politicians which happens once politicians get into office and get changed from caring about their constituents to using them for personal gain. This is what you need to learn about the United States of America (in my opinion).
Thats because Big Business got rid of your unions.
Fraud should amount to CRIMINAL CHARGES, not a SLAP ON THE WRIST, which is often then considered to be "the cost of doing business".
In the military if what you did caused a plane crash, you will likely be court marahes
@@theboyisnotright6312 "Courts-martial". It depends on the situation, was it an easily preventable error? Was it an error in the TI and you brought it up to your supervisor? If the supervisor ignored it, did you escalate it? Airmen mechanics are not held responsible for the actions of their leadership for the most part, if it was an issue and properly identified and no one took appropriate action, leadership would be smoked in a courts-martial. It's why I always encouraged my guys and gals to come to me with an issue and they knew it would be handled because I had no problems going around my boss (if he refused to do something, most of the time they handled stuff above my paygrade) and going straight to the commander with safety and environmental issues. And if that didn't work, well my commander had a boss too. All the way up to the IG. But I told my guys and gals to come to me, that way they would be covered. The only time one of my airmen had to go stand in front of the commander, I went with him and stood with him in front of our commander. It was a minor infraction and he got off light but all my people always knew I would be right there with them, regardless of the outcome.
@theboyisnotright6312 but you would probably be found not guilty, since the military craft was probably Boeing :D
So long as the citizen keeps commenting, and not taking action against the elite…. Nothing changes
@@Novastar.SaberCombat Do you just spam something about rich and poor under every comment with the hash tag copium? I'm gonna mass report all of them
CEO culture needs to be addressed. None of them are “earning” those salaries.
#goala ....I remember like 10ish years ago, it's all anyone cared about or wanted to be. That, and real estate.
When the engineers, tech folks, and quality control are all telling you there's a problem or leaving, but execs aren't listening, you need major change.
Engineers need to build it to work as well. Not for it not to work.
I was a tooling engineer there and one of the reasons I left was the mechanics would destroy equipment on purpose if they didn’t like it, such as guard rails they don’t like. There was no action against these employees, they were untouchable. Just fix it again so they can break it again over and over. Waste of a career.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for...
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes...
@@FlorentGulliver That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@JulianaBondtsG My advisor is *MARGARET MOLLI ALVEY*
You can look her up online
@@FlorentGulliver The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Remember when corporations made their money by providing a quality good or a useful service and not stock options? Greed destroys everything.
It’s disgraceful, and I can’t imagine the garbage motivations behind it besides greed.
@@ScaleScarborough-jq8zx It’s a bottomless hole they are desperate to fill and never will.
that was back in the days after FDR had broken the monopolies and stripped the super rich of much of their power so they had to actually make something of use to tempt customers in a functioning market. But making good products and paying workers is less profitable than paying workers poverty wages to make crap for customers who have no alternatives. So now the super rich have rebuilt their power they are of course going back to the most profitable business model. Thats just an inevitable outcome of wealth inequality. The only way to fix this is to strip the super rich of their power once again, and their power is their money. 70% top rate of income tax, wealth taxes and changing the constitution to get rid of Citizens United is the only way to fix this. Anything else will just be undone by lobbying. As long as the rich have enough money to buy governments, they will buy governments that let them get richer at everyone else's expense. So we need to make sure governments are unaffordable to anyone
Fire Calhoun now and take away any compensation package from him!!!!
Fuck that, take him to prison.
The leadership of this company is 100% guilty of reckless endangerment and should be punished accordingly....
Numerous counts of manslaughter and the assassination of a whistleblower
Worked Spirit seven years. Scary corner cutting, inadequate training, out of touch management.
You mean boeing they always try to separate themselves from spirit but really it’s the same entity
@@mikestein1024 Couldn’t agree more. They sent their emissaries to observe and “advise” us.
“This country has socialism for the rich, rugged individualism for the poor." -Martin Luther King, Jr.
Still as true as ever today.
The guy was a visionary. WAY ahead of his time.
That is 1 of the consequence$ and even worse thing coming😂
We're no longer the customers. We're the product. The shareholders are the customers, they're always right and the corporations will do anything to please them immediately.
Preach
The worst part is we also brainwash those poor people into believing they'll one day be rich, which leads to those poor people helping the rich at the detriment of themselves.
"One Day Millionaires" describes a lot of poor americans. They truely believe they'll be rich one day.
Could’ve sworn I saw a video saying the CEO of Boeing got a pay increase of like 45% in a single year. But the real workers pay stay stagnant. Sounds backwards to me imo
First of all almost all exec salary is stock options which costs the company really very little
Greed is not the desire for more, it's the desire for more at the expense of others.
Not to be contrarian, for I lean left, too, but in a world of finite resources, there is nearly no such thing as having more without others' expense.
Present and future.
@@LyritZian Which is why greed is seen as the deadliest of human sins.
@@LyritZianIt’s not all or nothing. Striving for a promotion at work (which deprives someone else of a promotion) is one thing. Destroying a vital aerospace company and causing death so you can make a hundred million dollars is something else.
Well said - well said . Include STR / Air BnB / investors = owners destroying American residential housing market
It's really sad when the workers demand quality products.
A lot has to go wrong in a company to get that far.
Aircraft manufacturers who's priorities are not safety, quality, and improvement are liabilities to everyone no matter whether they fly or not
Yeah, a company like Boeing should prioritize safety over anything else, the fact rhat every company just makes their product worse to make more profit is the worst.
Also, love your pfp
They used to say, " If it's not Boeing, I'm not going." Now they say, "If it's Boeing, I'm not going." There's no quality to be found anywhere in anything from aircraft to toilet paper, at least in the US. Quality is not profitable enough.
Whose
@@daponagegoogenburg807 That is capitalism.
Over everything, a company has one job. Make money.
Everything else is secondary.
That's every company nowadays, quality goes down and prices goes up. Line has to go up even if the customers suffers for it and the only people that benefit from it are less than 200
Criminal charges for corporate greed!
So let me get this straight: you expect the wealthy and powerful who make the rules to decide to harshly punish the wealthy and powerful who make the rules...? Can I interest you in a bridge I have for sale...?
I feel like there should be some kind of penalty for Boeing committing first degree murder on two whistleblowers
I too work for a company who's main concern is making shareholders happy first. Extremely frustrating.
They also shot the whistleblower! Do not forget that!
This.
I thought that was true but there's a lot of evidence that supports that the guy committed suicide. I know it's really suspicious that he would kill himself at that time, but he already gave testimony. Why would Boeing hire a hit man to kill the guy after the damage was done?
Airbus did it. It was obvious/ follow the money
TWO whistleblowers have died while the claims were under investigation. Mysterious, isn't it? By the way, I have no plans on offing myself, just saying...
And probably poisoned the other one
Being retired now, I don’t mind speaking out regarding large corporations. I was upper management for years and deep down inside the boardrooms, safety is number one…as long as it doesn’t interfere with production. True story.
Too bad you’re only now finding your courage.
Not a single good thing has ever come from putting businesspeople in charge of aerospace firms.
Really need to specify "aerospace"?
@@youtubeuniversity3638 You're right, let me rephrase.
"Not once has putting businesspeople in charge of aerospace firms caused anything other than catastrophic failure and loss of life."
Elon Musk????
@@RussellD11The dude's a conman.
@TheRusschannel he's started several business. He may not be a business major. But he's no fool.
What makes this union protest so different about past protests is that they arent just conplaining about wages, benefits and vacation.
They also want the company to make safe planes and address their engineering and QA issues
It's the union workers who are the ones not doing quality work...
@@jonathanjones3126They WANT to do quality work. The Almighty Bean Counters pressure them to cut corners that shouldn't be cut!
@@jonathanjones3126 you’re misinformed. Corporate policy pushes production over safety and quality control. You must be a stockholder
@rcpmac nope your straight up wrong, if the worker doesn't do quality work it is their fault. YOU ALWAYS HAVE A CHOICE.
I guarantee if records of who screwed up a job end up in court they will be held to account for their screw ups. That is why you never sign for another's work, you never fake data, don't take the fall for another
@jonathanjones3126 You can't guarantee anything. You didn't listen to the documentary and the fact that QM was stripped down. The union comment also shows that you have a mindset, but no clue about how quality management in manufacturing works.
I used to be proud of Boeing and admired their 747s and 777s. So sad to see a once great company succumb to corporate greed.
USA, USA, USA. YEAH MERICA!
I admire 747, but now I make sure my flight is with Airbus. I can sleep better. One airline operate only Airbus, I book their flight whenever possible.
The core problem is greed. The same as every big company. Less pay, less benefits, less quality, more profit.
Remote job especially
When they said people aren’t staying around and getting experience I immediately thought this is a company that needs to offer a pension. No surprise that they got rid of it. Probably some short sighted exec with an MBA
No doubt, A highly overpaid bean counter who probably has moved on to the next company by now.
It’s scary to think about high turnover in jobs that are this technical. Expertise and experience are the only way to run an assembly line safely and efficiently. I was an aircraft mechanic for 25 years in the military and it didn’t take much research to learn that working at Boeing or most other aerospace companies as a mechanic would be a last resort. After seeing this I’d rather drive a school bus full of unruly kids everyday than to be a part of a system that puts profit over lives.
They were working on getting rid of the pension at least from 45 years ago. I know for sure.
Pensions have been phased out nation wide. Most companies quit offering them in the 90’s. Company loyalty is also history as well. I’ve worked in Aerospace 17 years at 8 different companies, including Boeing.
As a trader, this has always been weird to me. A company starts and gets to a point to deliver an excellent product/service. Then they get listed, everyone is excited to invest in the business but the company then starts cutting costs and pumping output to get stock price higher but forget about the quality product that got people excited to buy the stock in first place...
Either you have an airplane or you have a deathtrap. Cutting corners is not how you get an airplane and those corners were drawn up because someone somewhere died when airplanes were just being refined as a form of transportation.
Welcome to late stage capitalism. The FAA can write reports and tsk-tsk all they want, nothing is going to change until they dish out significant fines or jail time.
Exactly!
Sadly, all rules of aviation are written in blood. The management at Boeing seems to want more _ink._
I'd be fine if all aircraft globally were grounded permanently except medivac vessels. None of it is needed for a quality life on Earth.
That right. The perfection of the industry was written with blood. Allow planes to fly without bolts or unknonw failures is criminal and disrepectful of that victims that died so they could learn somrthing. But Boeing doesnt care. Probably they think they are MCI and they are building coaches.
In simple terms, corporate greed.
In simple terms: Corruption in the Pacific Northwest.
As an Air Force veteran. Look you can't do a half assed job. Every failure is an aircraft failure. Means everyone dies
This is exactly why I am so interested in aviation.
Its seemingly one of the last bastions of "Follow procedure or you die"
I guess not anymore.
This is absolutely sad for our country.
As an AF refueler, I agree. Do the job right the first time, no matter how long it takes.
The boss flesta a Learjet, not a Boeing...
All this information was available to the press _before_ doors started falling off in mid flight. Why are we only hearing about this *now?*
Because the media wasn't interested in covering it.
It’s been a serous issue in the making for 20 years now
Because people were getting fired/killed for speaking up.
"The purpose of a company is to create shareholder value" This is the creed of the executive class.
Not just CREED, but GREED!
Other companies put a high priority on secure jobs to keep their highly-trained workforce.
@@m.j.carlson8246define the word "shareholder". The employees in an employee-owned company are shareholders, too, despite not being "trust fund babies".
Yea, I'm sure other companies also follow regulations, probably give free ponies to the staff, too.
The executive class has been destroying this country for well over a century. The public education system was deliberately created to make compliant workers for industry. That is why the school system, especially colleges, have turned into indoctrination factories; pumping out people who are too ignorant to vote intelligently. For example: the Democratic Party from its inception has been for slavery, whether chattel or economic. Today they want you enslaved to the government and your corporate overlords.
I worked in the firearms industry and the same things were happening. The entire managerial class in this country is Soviet tier.
If it's Boeing, I ain't going.
i once asked my company management this question, between quality and time to market which one would you prioritise? Without fail and proudly they announced time to market all the time . That just about sums up the kind of philosophy these corporations work on
It's a rotten corporate culture and you'll never be able to change that.
Nope, not with this government and court structure. We need more progressives in the ranks.
Facts
Its just like the USSR. People with MBAs are the new communist party members.
There’s close to 9 billion of you and about 1 million corporates fucks around America… you do the math on that and tell me again how sitting on your couch just commenting boo hoo is going to change anything.
Correct. If you ain't rich, then you ain't NOTHIN'. Health is wealth, might is right. No exceptions.
F the executives who only care about enriching themselves rather than quality control
Pretty much every company in this country has this problem. Putting executive pay and shareholder profits over all else. Time for consumers and workers to start solving this problem since it won't get taken care of any other way.
100% agree with you. I used to be anti-union, I know, I know, I was extremely ignorant and young enough to know everything there is to know). Well, I did my homework, anyway, we can give billionaires the middle finger, I’m in!
@@woohunter1a Union worker caused this and the union moved to hide it.
Corporate greed.
Full support for those doing the hard work creating flying machines.
Still not forgetting that dead whistleblower. Happens a lot.
three now
Which one? How long can they continue to quell dissent
These people might end up de@d too
Why cant i post ughhhhh
@@matthorrocks6517 YooToob time out because somebody reported you. Could be 2 weeks or a month.
Their priority is money and not safety.
Cost goes up, safety and space go down, employee wages stay low...
i wonder where all of this money is going. Surely, greed couldn't be the cause of all of these issues
Profitability & maximized stock gains have been the root of american manufacturing since the 80's. The first time I witnessed it, it was from a mechanic's perspective. A 'teenager cutting his teeth on isuzus & nissans. It was pathetic the way ford & gm made low quality, small 4 cylinder cars to at long last cope with high gas prices, & as a late response to japan providing people exactly what they needed. A small, reliable, fuel-efficient car (or truck)
Naturally relations with the workers bit the dust, too. And as japan expanded & tigtened its grip on the american auto market, detroit faced factory closures, & layoffs of 100's of 1,000's of workers
To me, the last of truly great leadership in american business was lee iacocca. He turned chrysler around, & saved it from bankruptcy & dismantling. Unlike wall street during the obama years, iacocca even managed to pay back an astronomically-sized government bailout. There was a time when fiscal/ economic responsibility was practiced at ibm, ford, boeing, chrysler, intel, etc, but no longer
For the most part, the ethic of industry hasnt changed. Its been Profits Over People ever since. We will not survive as a nation with criminals in control
Rich gotta rich. Poor gotta serve, suffer, and *submit*. 💪😎✌️ That's just how it is. #copium
@@magnificentmuttley154 The book 'A Savage Factory' by Robert Dewar certainly solidifies your comment. The author was a factory worker at an auto assembly plant starting in the late 60's or early 70's and finally had enough by around the mid 1980's.
The book was a good read, and for me, being in manufacturing since the 1980's, it really had an impact. I could hardly believe some of the things he described....
😒
Wanna bet? Their greed is limitless.
The ceo that got 50+ million to quit was pathetic. The engineering going on then is today's problem.
First shock I’ve learned from corporate greed, a central air unit that had to be replaced after 4 years! Then a fridge that only lasted half as long as the last one, now compromising safety over 💵. Nothing surprises me anymore.
A company can never take a loss. Just being profitable isn't good enough, it's about being more profitable than last year. The problem? That is impossible. Eventually you will run into a time when it's impossible to increase profits again. The big wigs need to accept that profit is what's important, not exorbitant wealth
Who you been voting for? These are federal mandates
@@Dog.soldier1950 as someone who worked in HVAC for three years and worked at boeing the last couple of years i can uniquely state with a fact that, no, these are not federal mandates. It is in fact corporations utilizing key aspects of federal law to have equipment that always need to be worked on and replaced to maximize shareholder value and profits
The greedy Calhoun should be prosecuted and put behind bars through due process of law
People need to focus on Private Equity, that's the real cause of all of this.
The union should have several seats on the board.
how about the workers should have all the seats on the board?
Please forgive the pun but you would actually only need to have the CEO forced onboard one flight to drastically improve the quality control methinks.
The union should BE the Board
@@SharienGaming thats the goal.
but rome wasnt built in one day.
Legal everywhere in the world ,EXCEPT in the USA
Merging with McDonald Douglas was the worst decision ever made by Boeing! Definitely started the safety and Quality downfall. 😒😒😒
RIP John Barnett and Joshua Dean
Real American heroes those two were. RIP
What's interesting is Josh got a job at Boeing after he blew the whistle at Spirit.
Airbus killed them
Follow the money
@@SkyBear0509If there was so much money involved that it's profitable for Airbus to arrange their deaths on different continent, boeing has enough incentive to hire bodyguards to protect them.
So no, it's more likely that Boeing decided that damage to their image from death of a whistleblower will be less than damage from the lawsuit and damage to image from said lawsuit.
@@SkyBear0509 Found the Boeing hire.
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How sad. Back in the day people used to say, "If it's not Boeing I'm not going."
I've never heard that one, but that got a good laugh out of me! 😩😂 The newest one I know is "Fly Spirit, and become one." 😂
@@Toywins It wasn't meant to be funny in the early sixties. It was meant to be dead serious. If the airline didn't use Boeing planes people wouldn't fly on that airline.
These days in 2024 you can leave out the "not".
Ryanair in Europe who fly all boeing are really suffering.
If it ain’t Airbus, I’m taking the bus.
That is very true and I used to hold that belief back in the 1980s and 1990s.
Today, the only Boeing airplane I will accept to fly on is the Boeing 777.
I have never and will never accept a flight with a Boeing 737 MAX. While I have flown the 787 many time and found it to be a very good airplane (not as comfortable as the A-350), I have always planned my travels since 2020 so I completely avoid flying any other Boeing airplane than the 777. If at all possible, I plan my travels flying Airbus only no matter any extra cost of time incurred to do so.
As a flying customer I simply don't trust Boeing and their products today.
Had a similar situation as the 737 MAX coverup happened in Europe, the responsible would have been sent to prison. There is no way they could have paid their way out of getting prosecuted as happened in America. You do not kill 346 innocent people due to a coverup and get away with it anywhere else than in America where profit can circumvent justice.
By not punishing the guilty for the murder of 346 innocent people, American basically became the global laughingstock and remains to be so to this day.
The justice system in America is simply corrupt, worthless and utterly 3rd world.
Boeing got away with murder and currently, America has an ex-president and plenty republican lawmakers who got away with supporting an insurrection and thus treason against the US Constitution.
America is today simply a rotten pit of corruption, corporate greed and an incompetent and impotent justice system.
What i dont understand is why businesses focus on maximising short term profits over sustainable profits. Boeing appear to be chasing short termism.
Union Strong!!! Execs need prison time for the danger they've placed passengers. Buybacks need to be illegal.
Profitability & maximized stock gains have been the root of american manufacturing since the 80's. The first time I witnessed it, it was with the pathetic way that ford & gm made low quality, small 4 cylinder cars to at long last cope with high gas prices, & as a late response to japan providing people exactly what they needed. A small, reliable, fuel-efficient car (or truck)
Naturally relations with the workers bit the dust, too. And as japan expanded & tigtened ita grip on the american auto market, detroit faced factory closures, & layoffs of 100's of 1,000's of workers
To me, the last of truly great leadership in american business was lee iacoca. He turned chrysler around, & saved it from bankrupcy & dismantling. Unlike wall street during the obama years, iacoca even managed to pay back an astronomically-sized government bailout. There was a time when fiscal/ economic responsibility was practiced at ibm, ford, boeing, chrysler, intel, etc, but no longer
For the most part, the ethic of industry hasnt changed. Its been Profits Over People ever since. We will not survive as a nation with criminals in control 😪
@@magnificentmuttley154the citizens are criminals too lmfao
I won’t fly on a Max plane and now have become concerned about flying on any Boeing plane.
I had a 25 year Boeing man retire and come work for us at UW. He said it just wasn't worth it anymore.
So glad I live in Australia, you cannot beat free healthcare, 4 weeks paid annual holidays, sick pay and maternity leave, not to forget everyone who works gets a retirement contribution from their employer that is mandated by the government. Plus MINIMUM wages are going up to $24.10 per hour on the 1st July. Sux being an American worker
Same in Ireland 🇮🇪 .
How many clot shots did you get for all this free stuff ?
on the maternity leave, i have lost coworkers who think that their manager has to let them use it. they quit rather than ask for permission they didn't need.
I work on the government side of Boeing and have stricter regulations that allow quality and safety have a better voice but we need this in commercial too. Hopefully we see positive changes. I am ready for Boeing to be an Engineering company again and not a shareholder profit company.
That was a catastrophic failure, but your coverage is top-notch
Watch John Oliver's Boeing segment. Boeing's priorities were obvious when they moved HQ from Seattle where their plant workers and engineers are to DC where their lobbyists are.
Yep. $$$
Every checkflight performed by Boeing should be required to have at least one top corporate executive aboard as a passenger, and all the executives should be on the roster, each one randomly chosen for a flight.
We have the same thing happening where I work.. but where I work, when we stumble on process, we don't have a plane fall out of the sky.
its really crazy this industry isnt fully unionized
Remember how we were all taught that unions were the enemy?
Yes, a form of programming that the Western culture specializes in.
At my last job, I'm retired, I got raises every year, along with good merit increases. Then we got a union. In the last 2 contracts, I got zero each time, while paying to the union. If there is good management, I don't believe a union is necessary. However, good management is very rare these days.
They made all full time employees into under 40 hrs a week and then cut the health care benefits and retirement since employees were no longer Full Time. That was what they did here about 20 - 25 years ago. Everyone had to get different jobs.
And you believed that?
@@drewthompson7457 thats crazy. i get raises every year, retirement benefits and more. but i think it depends on the industry you work in for sure. since im in healthcare a union is incredibly necessary. the state proposed budget cuts for the program i work in specifically, and our union advocated for us and had us harass govt officials out of doing it. they organize protests as well.
Every normal company would fire the Mgmt instantly and make them accountable plus make them payback their horrendous salery... They should be ashamed of their poor management skills...
This may seem weird but until all these Boeing issues, especially the door falling off, I never really gave any thought to the fact that humans actually built the planes we all fly in. This is 100% not an industry that should even be allowed to shortchange their employees or cut corners on quality. Lobbying has destroyed our government. Greed has destroyed our economy. Ignorance and weakness has destroyed our society.
It not just Boeing, it happens all across the board. From trucking to automakers you could probably find a company doing this....
How to make it obvious that you couldn't care less about safety, but do everything you possibly can do to save your bottom line:
It's not just the commercial side... boeing defense has the same shit going on, it just hasn't become public yet. It is always about schedule and not quality and safety. They keep the defense side quiet cause we're the ones keeping the company afloat...
I do want to point out though we do have some of the best mechanics working on our fighter jets, so we make damn sure everything is done right regardless of what management says. Stay strong my union brothers and sisters.
It's all about greed and it's all about BlackRock and Vanguard........PRIVATE EQUITY
It's not anyone moralfailing. It's a systemic failing of industries all having to compete for capital and thus having to maximize returns to be as tempting as possible to idiots who have the money or they have to close down shop. If you want to blame something blame this whole mode of production that makes these things inevitable
Well these guys are greedy too
Profitability & maximized stock gains have been the root of american manufacturing since the 80's. The first time I witnessed it, it was with the pathetic way that ford & gm made small 4 cylinder cars to at long last cope with high gas prices, & as a late response to japan providing people exactly what they needed. A small, reliable, fuel-efficient car (or truck)
Naturally relations with the workers bit the dust, too. And as japan expanded & tigtened ita grip on the american auto market, detroit faced factory closures, & layoffs of 100's of 1,000's of workers
To me, the last of truly great leadership in american business was lee iacoca. He turned chrysler around, & saved it from bankrupcy & dismantling. Unlike wall street during the obama years, iacoca even managed to pay back an astronomically-sized government bailout. There was a time when fiscal/ economic responsibility was practiced at ibm, ford, boeing, chrysler, intel, etc, but no longer
For the most part, the ethic of industry hasnt changed. Its been Profits Over People ever since. We will not survive as a nation with criminals in control😪
Blackrock and vanguard would be public equity ie etfs, index funds, mutual funds, etc- private equity is Blackstone, kkr, apollo, bain, etc
@@magnificentmuttley154 the same kind of vampire-capitalism thinking that sells poison fake food should not be running airplane manufacturing
When MBAs and business people who didn’t come from the product background and come from just numbers background that never hit the pavement and grind of product development should never be in CEO of the company that exists because of said product.
This keeps happening with every company. Maybe the way the whole system is set up is the problem?
Absolutely the US sadly Lacks proper rigid rules and regulations and accountability and transparency for companies.
there is profitability and then there is greed
Makes a person more and more afraid of flying.
Let the airline industry have a catastrophic failure, then. Sometimes its the only way to a turnaround, & drastic changes to "the system"
💥💥💣
@@magnificentmuttley154how about we *not* just let people die whilst the airline industry continues to take a nose-dive...
Airbus.
When a company is prioritizing profit over safety, it’s a little disquieting to think that every last nut and bolt on an aircraft was made by the cheapest possible vendor.
Industry analysts, insiders talk about a combination of Boeing issues: inherited corporate culture of McDonnell Douglas (cult of “Neutron Jack” Welch GE influence), Boeing Wichita spinoff to Spirit AeroSystems, corporate HQ move to Chicago, now DC area, stock buybacks, critical loss of necessary skilled, experienced talent from retirement and layoffs, move to non-union South Carolina 787 factory, and more
moving to a nonunion state violates the separation of powers. union rep and factory manager cannot be the same person.
Profitability and stock price clearly don't go hand in hand, certainly not in the long term. But there is only short term thinking at the top: "How long can I milk this gig to look awesome and afford that yacht and golf membership, before getting out just before it all goes south?"
Exactly because even people who buy stocks/partial stocks do pay attention and will not buy because there's no viability for long-term.
They would make much more if they focused on quality.
No serious investor would consider investing with so many red flags
@@christenw.1726 Individuals seldom buy individual stocks these days, it's mostly institutional investors who primarily seek the highest possible returns relative to the safety of their investments. Ultimately these investors determine corporate strategy by investing, or not, in a given company.
The core of the problem is a lack of competition. Boeing can't fail. Boeing and the FAA have become complacent.
32,000 plus 10,000 hired since November 2023.... so 40,000 Washingtonians living below the poverty line while working 40+ hrs/week..... and yes, she is correct; you make more $ at McDonalds than building a 300 million dollar aircraft.
They'll lay off most of them after they vote boeing's way on the upcoming contract. boeing is just buying "yes" votes.
Someone is going to have to explain this to me. How can a unionized employee in the aerospace industry make less than a non-specialized fast food employee?
@@ADAPTATION7It's often the starting wage that's the issue. Fast food workers don't top out at nearly the same. But yes, boeing's starting wage turns off a lot of good prospective workers.
@@erikness4231 Well, I would sure like to know what's the starting wage of a unionized floor employee at Boeing. It can't be less than a UAW working for one of the big threes (I hope).
3:32 @@ADAPTATION7It depends on the actual job code but I believe structural mechanics (most new hires) are starting at $24 per hour. That's in Washington state which is union. South Carolina, I have no idea, but I'm sure it's much less.
Whoever is degrading the company needs to be accountable.
All that money saved on wages, pensions, and outsourcing is costing them more in the long run. Except for the suits strip mining the company.
If I screwed up in my former line of work, I would not leave with a $23M golden parachute.
These are not long-term thinking people though.
@@ogre706I would even say it's their job to ruin companies for short term gain and catapult out
People give shit to Europe for regulating and making things slow but it also keeps companies on their toes about keeping minimum requirements
This sort of management is happening in every industry and it's driven by leadership's primary goal of making lots of money, unfortunately they are setting the business up for failure because of what is nothing more than greed. Personally, I'd like to end stock payouts for well established companies so that money is used more appropriately to reward those doing the hard/real work.
I am a former lazy b employ, and my brother is a retired lazy b employee just one word of caution ⚠️ my brother always said that the local 751 is the best union that Boeing could afford so keep an eye on them
Holy crap! This is what I experienced with Textron (Cessna) in 2016-17. Textron bought out Hawker-Beech and they were pushing the safety and quality envelope. The wire shop was outsourced to Mexico. Which ended up causing stoppages on the assembly line because of the wire bundles causing power on checks to fail when completing an aircraft. They hired me on as a mechanic along with so many other people off the street who had no previous experience in aviation and aviation culture. I only knew about FOD and tool inventory due to my training in the Army. “Voluntary overtime” was a joke. Voluntary wasn’t truly voluntary. They question why you aren’t working 7 days a week. Working experimental we kept pushing testing milestones that were unrealistic. Since no one knew about FOD. We had to halt production to spend a full 24 hours looking for FOD. Literally show up to work to do nothing while a select few would inspect the aircraft. Instead of having a policy of clean as you go. Having multiple sets of eyes checking your work. It was stressful. I had to admit that I was missing a screwdriver and I admitted to losing it. Ended up I think someone hole it because it showed up in plain sight.
From the bottom up is the only way we will see change. Good work folks. Need more of this
My retired parents were asking me why people keep "whining" about work life balance and wanting more money. I told them I didn't think 2 retired people that worked 7am to 4 pm Monday through Friday for most of their careers would understand the struggle we are having now. My husband got a job at the factory my dad worked at before he retired. They started him at $14.50 in the 2010s. He was telling my dad that was pretty low. My dad's response was "That's what I started at in 1991, that's good money." I said, "That was good money, to live as good as you did back then he would have to make $25." He did not agree. He retired making $35+ an hour.
Have you parents heard of inflation?
@@markopinteric My in-laws are the same way. I think reality is going to hit them hard when they go shopping for their retirement home in the coming years.
20th century wages in the 21th century are the problem.
As an American aerospace machinist what I’ve seen in this industry in the last 5 years especially is scary. Quality at all levels is dropping fast. The family business I worked for for the last 15 years just sold to huge corporation 1st thing they did was cut our insurance, next robots and oh yeah profit profit profit… ahhh corporate America.
you still have that insurance if you didn't consent to it being cut.
If it’s a Boeing, I ain’t going!
Everyone needs to speak out..
Shareholder Value is the main problem.
Can be turned upside down of the Social Security Admin owns say, 40% of Boeing stock
One word : GREED !!!!!
Hoping they don’t murder many of the strikers.
Many ?.. Are you insane ? None of them !
Bean counters can ruin a good company
Must be the doings of private Equity like blackrock, blackstone, vanguard, etc etc etc. Private Equity is a parasite...........
I'd say it's PE-adjacent. Boeing is self-owned, just the upper management was doing their absolute best to pump the stock, to look attractive to the likes of PE and institutional investors.
Quality first and no short cuts. This applies to aviation more than any other industry.in aviation short cuts and saving on quality materials should never be discussed
Jack Welch would be proud of the way Dave Calhoun has destroyed a once-great American company for the sake of Line Go Up.
If machinists are getting 40% raise so will everyone else.
If it ain't Airbus i ain't going Boeing..😂😂
Airplane construction is closer to exotic car manufacturing than basic vehicle assembly line. Much tighter tolerances, much smaller margins of error, and many fewer final products. This CANNOT be done “on the cheap.”😡
Never thought of it, but that's probably true! Like making a Rolls-Royce a block long. Well!
Shut it down.
😂 right.