Yep. That’s what happens when you tie CEO, CFO’s salaries to the share price of the company’s stock. You incentives cutting costs at the risk of safety and quality.
Ohh Accountability Ohh my How , I certain never though it would play out like this certain ppl would be ... *save* with sub standrd ... *Stuff* HAHAHAHAHAHAHA
🧠 ~ 1. You know, if they eliminated the whistleblower it probably would’ve been a better idea to do it BEFORE he had told investigators everything. Don’t you think? smh
They spent tons of money and energy on DEI. Imagine returning to a state of being where people were held accountable for not delivering as close to perfect performance as humanly possible?
@@danielmartin7838you really hate diversity so much you’re going to ignore the tens of billions spent on stock buybacks and say DEI is the problem with zero supporting evidence? Get some help
I’d rather Boeing go under and the government seek aerospace contracts and weapons from one of the many other companies that are part of the military industrial arms complex in our nation.
Only now is 60% of their bonus structure is focusing on Quality Control when millions of lives are at stake from the aircraft they produce. Wow. Unbelievable
@@BlownMacTruckIt's a play on the old Boeing motto. Back then they were the quality, not budget aircraft and the motto was, "If it's not Boeing, I'm not going."
@@IRACEMABABU Except we get it. It's not interesting, insightful, or funny. If anything, it just tells you how mindless the poster is for regurgitating it.
A lot of people start to cleverly travel on non-Boeing planes, then it's not a bad or stupid joke but a reality saying. You don't like it ? Up to you. Have a nice day@@BlownMacTruck
They're only getting hit financially since the door plug? What about the two fatal plane crashes due to their choice to avoid training pilots on the MCAS system to save money with their clients and make the most profit. This is just despicable! The fact that no one was held accountable for that. The fact that they're still in business. Their actions are criminal!
Boeing definitely took a hit financially following the two plane crashes with the MCAS update. Boeing refused a government bailout during the coronavirus pandemic because the loan came with some conditions (I believe the condition was the federal government/taxpayers would have a stake/own equity in the company). Instead, Boeing received $25 billion in private funding from a bond offering in 2020. Boeing was eventually fined $2.5 billion in 2021 by the Department of Justice for a conspiracy to defraud the FAA over the 737 MAX MCAS situation.
@@ceasetheday87 Hey thanks for the update and info. I think at the time I looked into things, it may have still been too soon after the crashes. That’s great to hear about the $2B fine. Of course they sourced some private equity to continue running things under terrible conditions. Unbelievable!
@@Kson7491 You probably still want to double check my facts. I started following it off and on after a certain point, maybe around 2022. I have recently looked into it again and edited my previous comment. EDIT: But somehow my previous comment was suspiciously deleted. 🤷♂️ I repeat Boeing was fined $2.5 billion by the Department of Justice for conspiracy to defraud the FAA regarding MCAS.
I hope the Federal government does not bail these clowns out. They have proven from the top down that they are incompetent and have shady business and safety practices…
Yeah, the A320 Neo seems much more appealing and a better platform all around. American Airlines would have been better off not getting swayed by Boeing when they told them they're going to go with Airbus to replace the 737 fleet.
As Warren Buffet said, "It's okay to lose a lot of money; it's not okay to lose a shred of reputation." Now, because they first focused on money, they are not only losing reputation but also more money than they exchanged for that reputation in the beginning.
Ah, even that headline makes me sigh. Them saying they don’t have enough cash-I can just hear them gearing up to ask for a bailout. Break up the monopolies! (And duopolies!)
Because they’re ultra rich. They shouldn’t have to pay taxes or be accountable to anything. They should get more tax payer bailouts. And then raise ticket costs immediately on the tax payer and add more luggage fees and smaller seats.
Yep. And then they call it “capitalism.” It’s not. True capitalism, the CEO and company would actually take a hit and lose substantial money and then have to readjust. But that will never happen. We have monopolies and oligarchies.
Good. Boeing CEO, board of directors and shareholders have the highest IQ among corporate leaders 😂 Keep looking into Excel and coming with more crazy ideas such as firing quality inspectors 😂
So it turns out that corporate greed and putting profit before quality is bad for business. Tough lesson to learn, Boeing, but you earned all the crap that you're getting.
Are we supposed to feel sorry for Boeing? This is what happens when you try to be cheap and have no regard for safety and human life in a business that requires you to. If they had done things right, they wouldn't have put themselves in this position. This is due to their own stupidity and greed.
Ironic that "optimizing for shareholder value" damaged shareholder value. Shareholders are not happy. Employees are not happy. Execs are not happy. Why are companies always so shortsighted?
They cut corners to “increase” profits, then when they have to spend money they start whining. Govt will probably step in and help them out. Makes me sick as a business owner. Its my job to perform quality work, provide a desired product, and manage the incoming revenue, which includes accounting for potential costs associated with fulfilling responsibilities and liabilities.
The scary thing is that Boeing lawyers have probably told the business executives. Hey, if we have to pay out some wrongful death suits every once in a while, it’s just the cost of doing business..
Just goes to show that being cheap is not a replacement for being careful and systematic about spending. When you're cheap, the bill is not lowered, it's delayed.
Of course it is. When you don't budget for real maintenance and then have to pay to perform real maintenance, you wind up spending money you didn't expect.
They need to pay the price for their corporate greed. Governments should restrict them from stock buy backs. Unless the government is in bed with them!
Of course they are. They pay for the campaign of both Democrats and Republicans, so no matter who wins, they have Congress and Government in their pocket.
Interestingly enough, Boeing wouldn’t have these cash-flow issues if those bean counters in senior leadership wouldn’t have cheaped out in the first place.
It's ironic how Boeing wanted to save money by re-fitting a 50 year old plane and ended up spending so much money on fixing it. I heard once: "We don't have time to do it right, but time to do it twice!". I hope this will make more CEOs aware of the consequences when chasing after shareholders profits. It is not sustainable. It's not good for the customers. It's not good for the company.
Yes, sure! But I wonder... How is it possible for the agent at the gate to allow two passengers get into the plane with the same ticket in the first place? Weren't they using a scan reader?
@@MarceloTrindade1I’m just guessing that the scan reader reads a duplicate scan as passenger accidentally scanning twice, and just gives a confirmation that the code is valid or not.
As he was explaining the "traveling work" thing all I could think of is wow, that's a direct contradiction to one of the most fundamental GMPs you can use in a production facility Yeah, I guess you're going to burn through "more than expected" when cutting corners was baked into your expectations 🙄
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
Boeing spent years trying to get their share price higher instead of engineering quality airplanes.
Since the McDonnell-Douglas “merger.”
No matter the sector, if your company is too busy buying back stock to work on pushing the needle, it’s time to get a new job.
Yep. That’s what happens when you tie CEO, CFO’s salaries to the share price of the company’s stock. You incentives cutting costs at the risk of safety and quality.
Now they should pay the price. They are probably still pumping the stock too
@@codacreator6162MD bought Boeing with Boeing's own money 😂
Yeah, making a whistleblowers death look like a suicide ain’t cheap I hear
Facts
seems that Hillary didnt want to share the password for premium suic1de hotline account
beat me to it :(
probably used Epstien Clean up team…😂
Likely under PR budget.
Taking out whistleblowers is expensive.
because???
Not if you post the job in the black web and get them to come across the border.
😂😂😂 true
Ohh Accountability Ohh my How , I certain never though it would play out like this
certain ppl would be ... *save* with sub standrd ... *Stuff* HAHAHAHAHAHAHA
🧠 ~ 1. You know, if they eliminated the whistleblower it probably would’ve been a better idea to do it BEFORE he had told investigators everything. Don’t you think? smh
The billionaires are complaining after putting customers at risk with knowledge ! The greedy billionaires need to shut the FU! They're disgusting!!!
They spent tons of money and energy on DEI.
Imagine returning to a state of being where people were held accountable for not delivering as close to perfect performance as humanly possible?
exactly!
It’s not billionaires lmfao sounds like left propaganda. It’s the executives at Boeing and the FAA not doing proper inspections and reports
🎯
@@danielmartin7838you really hate diversity so much you’re going to ignore the tens of billions spent on stock buybacks and say DEI is the problem with zero supporting evidence? Get some help
notice how all the news agencies stopped talking about the whistle blower
It is called hush money.
operation mockingbird
@@greglane3978No it’s called they’re all owned by the same people
lol it’s because the whistle bleower is killed by government
In aviation we have a saying- “A good aircraft mechanic is expensive, but wait til you find out how expensive a crappy one is”
This doesn't have to do with a mechanic, but your aviation saying makes it seem like that is the case.
@@marcd1981Boeing's mechanic forgot to install bolts
Boeing CFO is mad because his 2024 bonus won't be $15mn, it would be only $10mn😅😅😅😅
And if they let him go, he will get the remaining $5mn as bonus and a job at the FAA next year.
Boo hoo, how will he afford to put food on the table?
They bettter NOT DARE to ask for bail out money from the US GOVT
I’d rather Boeing go under and the government seek aerospace contracts and weapons from one of the many other companies that are part of the military industrial arms complex in our nation.
That's probably what they are expecting.. I mean, how else will they payout their stakeholders millionare payouts?
The sad thing is that they won't have to ask for it. The US government will never let Boeing go bankrupt
This. Such an underrated concern.
Sadly true, too many high dollar military contracts. @@florencioigual
#JusticeForBurnett.... We all know it wasn't suicide
Only now is 60% of their bonus structure is focusing on Quality Control when millions of lives are at stake from the aircraft they produce. Wow. Unbelievable
Agreed should be 100% that says it all!
This alone says so much. Stagnated wages and overstressed workes to only benefit the eXeCutiVes.
NO TAXPAYER BAILOUTS!!!
If they need taxpayer money we better be buying shares. Nationalize them.
🎯
Let a major defense contractor and vital pin in the economy to go bankrupt.
Tell me a Russian without telling me you are a Russian.
If it's Boeing, I'm not going!
Is this original? I haven’t heard this a couple hundred times in the past two weeks.
Truth don't need to be original@@BlownMacTruck
@@BlownMacTruckIt's a play on the old Boeing motto. Back then they were the quality, not budget aircraft and the motto was, "If it's not Boeing, I'm not going."
@@IRACEMABABU Except we get it. It's not interesting, insightful, or funny. If anything, it just tells you how mindless the poster is for regurgitating it.
A lot of people start to cleverly travel on non-Boeing planes, then it's not a bad or stupid joke but a reality saying. You don't like it ? Up to you. Have a nice day@@BlownMacTruck
No, you’re burning through cash like you should while creating quality products. It’s called RE-INVESTING INTO YOUR COMPANY.
Boeing didn't review the hourly rate of hiring a hitman on whistleblowers
Hitmen aren't cheap
They're only getting hit financially since the door plug? What about the two fatal plane crashes due to their choice to avoid training pilots on the MCAS system to save money with their clients and make the most profit. This is just despicable! The fact that no one was held accountable for that. The fact that they're still in business. Their actions are criminal!
Boeing definitely took a hit financially following the two plane crashes with the MCAS update. Boeing refused a government bailout during the coronavirus pandemic because the loan came with some conditions (I believe the condition was the federal government/taxpayers would have a stake/own equity in the company). Instead, Boeing received $25 billion in private funding from a bond offering in 2020. Boeing was eventually fined $2.5 billion in 2021 by the Department of Justice for a conspiracy to defraud the FAA over the 737 MAX MCAS situation.
@@ceasetheday87 Hey thanks for the update and info. I think at the time I looked into things, it may have still been too soon after the crashes. That’s great to hear about the $2B fine. Of course they sourced some private equity to continue running things under terrible conditions. Unbelievable!
@@Kson7491 You probably still want to double check my facts. I started following it off and on after a certain point, maybe around 2022. I have recently looked into it again and edited my previous comment.
EDIT: But somehow my previous comment was suspiciously deleted. 🤷♂️
I repeat Boeing was fined $2.5 billion by the Department of Justice for conspiracy to defraud the FAA regarding MCAS.
Well those first two, weren’t white people airlines.
2B fines to Boeing and .45B to Trump. Someone explain how these fines are estimated please?
Paying the camera company to not record during the time of the man's "suicide" isn't cheap.
Its not about losing cashflow and profit margins, it is about prioritizing safety in plane production and maintenance and then profits would follow.
Too Boeing: The reason you are burning money because you mismanaged everything. Don’t blame anyone but yourself Sincerely, Annoyed Customer.
They really need a change. Total change. The company's image is so dark.
I hope the Federal government does not bail these clowns out. They have proven from the top down that they are incompetent and have shady business and safety practices…
@MH_6160 Surely the shareholders will cough up to help Boeing.
Well, Boeing has government contracts so….you do the math.
When passengers die from crashes, your cash burn rate always goes up exponentially.
Maybe they shouldn't have spent it all on Stock Buybacks and dividend payments 😅
"Mishaps"? The stewardess spilling wine on you is a mishap.
CEO still not fired yet?
Lining up for their bonuses
Never forget John Barnett
Nobody buys "whistleblowers death is a suicide"
Hitmen aren't cheap.
If it's Boeing, I'm not going.
Short sighted leadership is what got them here.
“Burning through cash” = dumping nearly everything into stock in order to maintain stock price despite all of its failures.
Don’t forget about 777, just like still missing MH370
I would not buy any max planes even if I had the money
Yeah, the A320 Neo seems much more appealing and a better platform all around. American Airlines would have been better off not getting swayed by Boeing when they told them they're going to go with Airbus to replace the 737 fleet.
“…all without affecting management bonuses or raises. But for you semi-skilled workers, there will be no bonuses this year.” - C Montgomery Burns
Im sure they burned a lot of cash putting hits on people 😂
Use parts from the scrap bin is never a good idea.
Neil and Bob should be fired from boning and. Melvin. For watching.
Hiring professional hitmen and clean up crews must be pretty expensive.
It had to contract out to solve the problem of Barnett, no cutting costs here.
In related news, my 14 year old daughter said she went shopping with her friends and somehow ran her Visa up beyond what she can afford.
I believe that from now on the slogan should be... " if it is Boeing, I am not flying"
If its boeing I aint going
As Warren Buffet said, "It's okay to lose a lot of money; it's not okay to lose a shred of reputation." Now, because they first focused on money, they are not only losing reputation but also more money than they exchanged for that reputation in the beginning.
Ah, even that headline makes me sigh. Them saying they don’t have enough cash-I can just hear them gearing up to ask for a bailout. Break up the monopolies! (And duopolies!)
If my business burned through all my cash fixing our mistake, the business would fail. Why should Boeing be any different?
Because they’re ultra rich. They shouldn’t have to pay taxes or be accountable to anything. They should get more tax payer bailouts. And then raise ticket costs immediately on the tax payer and add more luggage fees and smaller seats.
Cutting corners is expensive in the end. Crashes, unsafe travel. Poor Mr. Boeing's reputation is ruined..
The board of directors thought it was a good idea to play Russian Roulette with quality control.
Guess what happened?
They're a "defence" contractor so a bailout is guaranteed. Can't cut cash flow to the ultra rich.
Yep. And then they call it “capitalism.” It’s not. True capitalism, the CEO and company would actually take a hit and lose substantial money and then have to readjust. But that will never happen. We have monopolies and oligarchies.
You get what you pay for. And Boeing should be willing to pay for having their planes NOT fall out of the sky
Good. Boeing CEO, board of directors and shareholders have the highest IQ among corporate leaders 😂 Keep looking into Excel and coming with more crazy ideas such as firing quality inspectors 😂
did the execs get their bonus?
That is stupid question. Of course they did.
@@greglane3978Oh good. I was worried for a second.
Just as a side note, what does the anecdote about the guy sneaking on to a plane have ANYTHING to do with Boeing?
when US airlines CEOs wanted to meet Boeing board without Boeing CEO, it says a lot
They shouldn’t receive a bailout!!!
(If the option presents itself)
Cutting corners during manufacturing in the beginning is costly on the tail end.
Boeing needs a better ceo
Turn the company back over to the engineers. Duh.
So it turns out that corporate greed and putting profit before quality is bad for business. Tough lesson to learn, Boeing, but you earned all the crap that you're getting.
So this is what happens when you put business accounting in charge of an engineering company. Smart, real smart. 👍
Paying for a coverup is not an affordable task 😂👍
Are we supposed to feel sorry for Boeing?
This is what happens when you try to be cheap and have no regard for safety and human life in a business that requires you to.
If they had done things right, they wouldn't have put themselves in this position.
This is due to their own stupidity and greed.
One might say cash is.. flying out the door?
Ironic that "optimizing for shareholder value" damaged shareholder value. Shareholders are not happy. Employees are not happy. Execs are not happy. Why are companies always so shortsighted?
They misspoke. They meant “documents” not “cash”.
Boeing just spent more money killing whistleblowers than improving safety and reliability of their planes. 😂
If the people in their factory says they personally would not risk flying on those plains, you don't need a 3rd party to tell you whats wrong.
Should have listened to their employees instead of laying the educated ones off and firing the ones who complained.
They cut corners to “increase” profits, then when they have to spend money they start whining. Govt will probably step in and help them out. Makes me sick as a business owner. Its my job to perform quality work, provide a desired product, and manage the incoming revenue, which includes accounting for potential costs associated with fulfilling responsibilities and liabilities.
That's what happens when you go the CHEAP route.
" Buy cheap, buy twice."
Hitmen are indeed expensive!
These accountants should quit
The scary thing is that Boeing lawyers have probably told the business executives. Hey, if we have to pay out some wrongful death suits every once in a while, it’s just the cost of doing business..
They should try eating cornflakes! Times are tough but cereal has always been an affordable solution!!!
Shocking not. They are under scrutiny and certainly have been putting in more QC/QA roles, and steps when they were cutting corners for years.
Just goes to show that being cheap is not a replacement for being careful and systematic about spending. When you're cheap, the bill is not lowered, it's delayed.
Boeing has done multiple stock BuyBacks recently.
Sounds like they were pulling a Henry Ford.... Finding a way to devalue the company , to buy the stock back cheap...
Boosting stock prices is Job No 1.
There you again always worried about the bottom line not about building and maintaining safe plane. Its the American way!!
No sympathy for Boeing. They should have thought about the consequences of evil corporate actions and what it may cost them.
This day in age policies in that land
They didn't factor in the neglect charge, so what cost more doing it right the first time or paying for your mess ups.
Hmm... it's almost like cutting quality to save money in the short term results in a bigger loss in the long term
Nothing more American than corporate greed taking priority over human lives.
Of course it is. When you don't budget for real maintenance and then have to pay to perform real maintenance, you wind up spending money you didn't expect.
“If it’s Boeing, I’m not going”
Please change the name of 737 Max cause I don’t want to set foot on it.
🛬🛬💥💥
Are we supposed to feel bad for them???
They need to pay the price for their corporate greed. Governments should restrict them from stock buy backs. Unless the government is in bed with them!
Of course they are. They pay for the campaign of both Democrats and Republicans, so no matter who wins, they have Congress and Government in their pocket.
@@xavierandradev we need to overturn citizens united
I will never fly on a American
Boeing plane ever again.
I don't want to die. Boeing
Planes are not safe.
“Take pity on us so we can go back to cutting corners”
Almost makes engineering a plane properly seem cheap 😂
Interestingly enough, Boeing wouldn’t have these cash-flow issues if those bean counters in senior leadership wouldn’t have cheaped out in the first place.
Sooo, smart guys in Boeing's C-suite. How are those 'cost cutting' measures looking for ya now?
"sometimes it's the little things", like what, multiple planes falling apart mid air, crashes killing hundreds of people... yeh the little things
It's ironic how Boeing wanted to save money by re-fitting a 50 year old plane and ended up spending so much money on fixing it. I heard once: "We don't have time to do it right, but time to do it twice!". I hope this will make more CEOs aware of the consequences when chasing after shareholders profits. It is not sustainable. It's not good for the customers. It's not good for the company.
Would you look at that. Its the actions of your own consequences...
If it is Boeing MAX, i ain't going !!!
Flight crews are required to confirm the head count prior to take off so even if the flight wasn't sold out he would likely have been found out.
Yes, sure! But I wonder... How is it possible for the agent at the gate to allow two passengers get into the plane with the same ticket in the first place? Weren't they using a scan reader?
@@MarceloTrindade1I’m just guessing that the scan reader reads a duplicate scan as passenger accidentally scanning twice, and just gives a confirmation that the code is valid or not.
As he was explaining the "traveling work" thing all I could think of is wow, that's a direct contradiction to one of the most fundamental GMPs you can use in a production facility
Yeah, I guess you're going to burn through "more than expected" when cutting corners was baked into your expectations 🙄
Now the USA's goverment should not be allowed for giving international air worthy certificate anymore! 🙏
Who could have guessed shortsightednes leads to costs further down the line?
Instead of investing the money into making a better product!
That's what happens when Boeing cuts corners!
Karma's calling
Cash burn is a weird way to describe spending the appropriate amount to build literal airplanes