Pilot Reveals Shocking Details About Boeing’s Safety Issues
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- Опубликовано: 12 мар 2024
- Corporate executives have transformed Boeing from a company that makes planes to a company that makes massive profits. Their dangerous scheme is starting to fall apart, just like their planes. Should we nationalize them?
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they killed the whistleblower.
Just like Epstein
1000%
I'd like to think it's a coincidence, but I feel that what you speculate is more truthful than what I imagine. 😑
@@JohnDoe-my5ip I don't know that this is Epstein level shit, but it's certain that it's big.
@@JohnDoe-my5ip I don't know that it's Epstein level, but it's certainly big
Stock buybacks were illegal before Reagan for a reason.
Ppl just don't realize what a horrible Prez he was & his neo-liberal-econ he introduced!
@@seahag6118 alot of this countries economical woes can be tied directly to reagon and his ilk.
But would the US be open to foreign businesses ever performing hostile takeovers, especially in a post-9/11 society?
@@dragon1130yup, they made bribery legal and everything went to crap
Stock buybacks were illegal. The Dow went from 1000 to 1000 in 16 years when we were thinly superpower and had 30 of worlds GDP between 1966 and 1982. Since deregulation the DOW has risen 3800% without counting about a 2.5 percent dividend yield raising the standard of living of all Americans. A poor person today has appliances and comforts unimaginable for the middle class 44 years ago.
They forgot how to build planes, but remembered how to kill whistleblowers…
Evidence?
@@fitycalibre7555 are you fricken kidding me? lol Anyone who thinks that he would go out of his way to testify against Boeing and in the middle of all that he would go and take his own life eats snickers bars found floating around in public swimming pools… Boeing is being found to be completely negligent and indifferent when it comes to our lives and safety, and you’re on the net defending them and saying this was a coincidence? You special commenter you…
DEI rules the place now
@@pmo6801 so far beyond the truth😂
@@pmo6801lmaoo great way to distract from the real issues, get focused on something that is a made up "issue" 😂😂😂
thats what happens when finance bros make the calls instead of engineers and government deregulates.
It’s even worse than that. They self-regulate.
Self-regulation is basically deregulation in this instance.
Even then, they seek to line their coffers if they want more money. It's the same reason why police officers are rumored to set up more speed traps towards the end of every month.
Yep....once the greatest aircraft manufacturer on earth brought down by MBAs.
when you have a nation obsessed with deregulation and capitalism.
The CEO who greenlit the Max that killed 340 people got a $60M golden parachute. There's every incentive to keep doing what they're doing.
Meanwhile, if a poor person owes money and does their taxes wrong, twenty years in prison.
Boeing offers pilot training and recertification on the MAX. The two 3rd world airlines that crashed declined. There have been 1,000,000s of safe MAX miles and no crashes since. Hmmm. *How many have died burnt to death in their Tesla's?*
American products are now SHIT unlike from the 90s. American cars break down easily. American phones are shit and now planes??
@@robertmarmaduke9721 Boeing offered? To be more accurate it was an upselling opportunity for Boeing to make extra cash at the risk of human life. Desperate people/companies make huge gambles like this. And now we've seen that as a little time has passed after those 600 deaths, they're right back to gambling on human life again.
@@001sander2 Your mindset is so incredibly self-destructing it makes think you're a bot. If you bought an expensive app subscription, but failed to read the FAQs or 'Take the Tour,' would you sue the software company? Because you would lose. You would become what they call in the industry, a 'loser'. I know a 737MAX pilot. He took the training and recertification Boeing offers. Why doesn't Tesla teach how to escape your Tesla if you drive into a pond? Why doesn't Tesla teach how to override autopilot when it slams into a bridge abutment? What will it take? Tesla slamming into a school bus at 123mph and incinerating the kids? You must be a bot.
If you pay attention, this is happening across ALL industries.
Boeing is the industry in America
@@firstlast-pt5pp pet food, cereal, farming, electronics, RVs, refrigerators, etc. and many more, is what I was referring to.
Amazon's delivery vans are very poorly maintained. I'm surprised there aren't more stories of children getting pancaked by them.
@@MajorHickEAmazon operates on a system of hundreds of subcontractors to do delivery so it varies significantly. The Rivians though are through a company called Leaseplan and the subcontractors do not own them. They are incredibly expensive to do anything on and at the moment few shops can service them.
Yep, but sure don’t want it occurring in the air 😅
Once again, the creeping financialization of every aspect of society ends up hurting everyone except the executives and shareholders.
Oh, it even hurts shareholders. When a bunch of assholes take over your company, sell off everything not bolted down, max out the credit card while paying themselves huge salaries, it’s only a matter of time before the stock is worthless.
If it's Boeing, I ain't going
Even with Boeing’s current issues, Statistically there is a more probability of dying in a car daily driving than flying.
Not trying to downplay Boeings greed but air travel is incredible safe in the 21st century.
What a sad turn of phrase.
I am right there with you
You could be forced onto a Boeing aircraft due to a last-minute cancellation or equipment change.
@aycc-nbh7289 don't try to wordy way my ass into a boeing... ill refuse a spare plane just as fast as I will a regular ticket... WILL NOT FLY BOEING
I am in the industry. Fuck Boeing.
@@aycc-nbh7289if it Boeing I AINT GOING
What's worse than a "useless" degree is a destructive degree, like in finance.
Understanding finances and cost of money and learning from it as an useful parameter. Using “ Financial Engineering “ to structure how a company operates , is a recipe for disaster.
If someone uses a hammer , everything for them is a nail.
Economist greatest trick, was pretending that they knew what was gonna happen, and that everyone needs listen to them!
It's all about the intention not the degree
They just hired an assassin to murder the whistleblower, and the cops are helping in the cover-up.
“Serve & Protect” is more accurately just for those in power. It has been established by the Supreme Court in the US that the police are not legally required to help you.
True. The police stands for the rich and powerful. The government and corporations.
@@coleeto2 True. Their service and protection mostly extends to the rich and powerful. The government, corporations, powerful individuals and criminals.
You could have this exact same video with all the names redacted, and it would apply to dozens of current American companies.
Bingo. I keep saying this to everyone. It's not just Boeing. I've worked at countless companies that are just like this.
But Boeing makes planes, so its way worse for corporatism to play out here. Pharma companies are disgusting as well
If people knew how many Amazon delivery vans are held together with wire and tape, there'd never be another prime delivery.
Railroads are another prime example of needing nationalization. "They're too important to fail." Yet they're being run into the ground by cutting workers, cutting down on all maintenance of cars/locomotives/infrastructure, forcing employees to work longer hours. There was an STB hearing that forced railroad top execs to testify as to why their service sucks so much two years ago. Absolutely nothing has changed. The company gets worse, the record profits continue to go up.
Perfectly correct.
Things changed for the worse when bean counters took over in management. Their goal is to cut costs wherever possible, quality be damned.
Same thing happening to google right now.
The bean counters usually come in ahead of the hostile takeover, to prepare the way for it. This time, the hostile takeover may be by the gov't, but only once it's about to collapse.
Send them to prison!
How many times do companies and banks have to do stuff like this before we get stricter regulations
infinite amount of times unless we have people in congress who arent paid off
I'm just going to say it, if you want better regulation do not elect Donald Trump. His last term, at the very beginning, he proudly showed a PILE of regulations that he got rid of. Regulations are NOT something Republican donors are fond of and money is THE motivation. Congress is not acting, can't get legislation passed and can't get it passed for the train lines that are dumping chemicals all over the country along their train lines. If WE want better oversite, it's IS in our hands.
Until capitalism is abolished
Forever, until we have campaign finance reform.
Literally mean how many people need to die..😔
The FAA needs to be fixed. Boeing shouldn't be able to inspect themselves. Watch the John Oliver segment on Boeing.
Fixing just Boeing might still leave room for another Boeing. The FAA process for ALL planes needs fixing.
FAA as other American government regulatory agencies is severely underfunded and understaffed. They handed over oversight to Boeing themselves.
How did we get here? The 5 collective braincells of all business degree recipients are running the show. 4 of them are constantly just screaming SHAREHOLDERS
💫"maximizing shareholder value" 💫
I'm certain that you definitely don't need to be a genius to be in finance.
This is an ongoing issue with American manufacturing. We lost our touch on reliability and quality. Look at Chrysler, GM, Ford, and now Boeing.
I am a nurse and work for a major Healthcare provider, I believe I have stories to tell, tea to spill. How do I get in touch?
Jack Welch admitted before he died that his "increasing shareholders value " mantra was a bad idea.
Big whoop. He literally set the stage for peoples deaths, and walked away as a business icon when he should have done time.
Jack Welch, tho he made money for investors, eventually destroyed General Electric
And you got one at BA, and the one at SPR got relieved last year...
@@darrellsaunders4267 what?
Destroyed? Who makes GE jet engines, then? Whirlpool? Just another one of their brand names, like Maytag or Kenmore?
@claycassin8437 do you know what else GE used to make? See The Man Who Broke Capitalism
@@claycassin8437 GE is a shadow of once it was , tanks to Mr Welch’s cut and run mandates. The GE engine plant is all there is left worth of value. The company is no longer in the Fortune 500 list, as it was before Mr Welch took mandate.
Under Mr Welch tenure they acquired what became GE Leasing which greatly exacerbated GE’s downfall. It nearly sank the entire holding.
And the insurance company, again acquired during Jack Welch reign , inflicted a great damage upon the company. Harry Markopoulous , the man who busted Bernie Madoff , brought this up.
Certain aspects of poorly policy making take time to rear its ugly face , long after the executor has left the building.
There is a reason Toyota still a great company, and the big three are a shadow of themselves. Poor stewardership and short term thinking contribuintes greatly into those outcomes.
Oh, and by the way , Jack Welch was known for being a self agrandizing , self promoting uncaring asshole.
WHY ARE STOCK BUYBACKS LEGAL?
Reagan 💀
Seems like this is the universally the thing making life worse for everyone. Food quality goes down, worker pay stagnates, prices go up, all so they can see numbers go up.
To avoid hostile takeovers. It would be against American national security interests if Chinese firms, for example, were simply allowed to buy up American companies with no recourse.
@@aycc-nbh7289Can't companies refuse to be bought up by someone they don't want in ?
@@Spido68_the_spectator Yes, the board can reject the takeover. But it doesn't fit stock buyback supporters' narrative.
Companies abandoning their policies of quality and security for gamble in the finantial market is one of the worst sides of late capitalism.
Quality workers are not a "dime a dozen" or easily replaced. Further more, you must compensate your workforce fairly and treat them with the respect deserving of someone whom enables your business to thrive.
They are. Just don't be surprised that all of your IP get stolen by Chinese firms
Like “tipping backlash “ when in reality they use tips left by customers to servers to pay their other employees. So they promise bussers and food runners $15/hr when in reality they are paid minimum wage and rely on servers “tip out” for the rest.
Servers get $2/hr plus tips, but the tip out varies because it’s based on total sales at the end of the night. So if someone doesn’t tip that means they are actually paying for the “privilege” to serve you. Giving out half of your total tips isn’t unheard of.
Speak louder.
@@darksidegryphon5393
ALL CAPS???? 😂
Exclamations?!!!! 😂
Hear, hear!
Jack Welch's negative impact on nearly everything is underappreciated.
He hollowed out GE to pump stock price and popularized doing it everywhere else. For example, He would fire a set number of people each year even if they were good workers because it looked good on balance sheets. Now companies rarely invest in their workers because they think they can just replace everyone, without consequences.
Jack Welch had an engineering Ph.D. I thought engineers did not run companies this way?
Your pontification is on spot. The 1st reply to your answer is infantile. Degrees don’t make a man. Character and being fair does .
It's more than that. It's a concerted backlash against Keynesian capitalism ala the New Deal and a coordinated campaign to get extreme vulture/disaster/finance capitalism with as few regulations as possible. It started in the shadows but Reagan (of course) was the one who really opened the floodgates and now we're left here wondering how to get ourselves out of it
when his name came up i immediately started seething with anger
At this point, I can't believe anyone would buy a plane from Boeing
You mean company that literally dominates the freighter and wide body market? And besides these incidents (half of which are maintenance related and not design and no one died.) they still make some of the best airplanes in the world.
@@fitycalibre7555 "no one died" two planes went down.
@@mudboy3582 I’m talking about the incidents recently. The airplanes that crashed were MAX 8’s not 9’s and the problems with those have been fixed.
Because Reagan was the best president ever
Airbus is going just as slack!!! They want the shareholders so happy!!!$$$$$$!!!!
I literally was QC back in the 70s & 80s at Boeing & our inspectors had to go down to MacDonald Douglas to help them fix "the doors blowing off" the DC10 & now I've learned that it was McDonald-D's QC manager now in charge at Boeing😳 I'm like WTH???😮 smh
When regular people screw up, you get fired and/or go to jail. When executives screw up, they get a golden parachute and relocated or promoted.
I identify as an executive 😂
Boeing used to represent quality but now it’s a death sentence to fly on a Boeing aircraft. Boeing aircraft hold a higher level of risk to fly in.
And not Airbus planes for their landing gear and engine issues?
@@aycc-nbh7289 they aren’t the subject of the video but yes the greed with in all industries is a detriment to safety.
Let's nationalize US rail while we're at it (please)
Meaning that the government would run it? 😅
@@bigmountain1970 pretty much yes. They would own the tracks in much the same way the government owns the national highway system.
@@LimitedWard Name a Government run or administered sector that is efficient and on budget. Education, Health, and Social Security are too expensive or near bankruptcy.
It's truly terrifying the risk they're putting people at just to make themselves rich(er).
The real "Vampires"..🧛♂️🧛🏾♀️🧛🏽♂️
Jews
@@FLAM1nWaffl3xThis isn't anything to do with one ethnicity or religion.
@@riztizI figured he's just a troll and refused to take the bait.
Hey man, think of the poor ceos. If you mess this up they might wven loose their 4th yacht!
I'm loving all of the scrutiny that's been getting put onto Boeing recently, they need to have the screws twisted on them.
DOJ surprised tf out of me opening a criminal indictment!
Why? What will happen is in a couple of months, the DOJ will fine them hundreds of millions of dollars. Who keeps the money? The DOJ. It's just a legal shakedown. And nothing will get fixed.
A lot of people have died from Boeing crashes and a lot of people are traumatised from the planes that almost crashed / caused them great physical injury. It is completely criminal and intentional of the company to compromise safety.
O it’s just a cover up of facts and in formation to be destroyed
Promise you nothing will be done ✅
It’s over now 😢
Corporate power has bought off most of our government, Try looking at the so called Supreme Court of today. Capitalism is criminal to begin with, as it is nothing more than a bunch of used car salesmen.
Only because it's an election year.
Immunity to justice has completely corrupted Boeing management. It appears that criminal negligence is already part of their culture - just keep repeating that safety is the top priority, pay the right people and you'll get away with it.
They "Suicided" John Barnett!
Who could have predicted that switching the focus from building quality planes to making the CEO and sharholders rich would have deadly results?
Lets nationalize google and youtube as well. It's way to big and important to be held in private hands. It should not be a for profit organization
yes comrade i love state approved media companies
Really nationalise it, not just "lip service nationalization" (replacing executives). Make it a public consumer co-op. Investors can still invest, but could only purchase non-voting preferred stock. Every citizen would get 1 voting share each. Every year, citizens could vote on policies and board of directors, this way the govt cronies cant install their own political hacks. Make requirement of the board to be actual people who have worked there (majority).
For other companies, give them a choice upon reaching 5% market share in their industry: break up (anti-trust) or be nationalized. And give them a time limit of 5 days to decide. No expropriation as the govt would buy in the latter case, but any profits would be returned to the citizens in dividends.
I shouldn't have been surprised that Boeing would go full Putin on the whistleblower.
that's something that i don't think i've fully connected. people don't unionize out of contempt for a company but dedication. it may be dedication because they've spent too long to go anywhere else or it's the only biz in town that pays that well, but that's dedication nonetheless
Definetively true.
Rank and file have a skin in the game. Unioninzing is an expression of such collective set of people to have a say on how a company is run, how they are treated , and how workers are fairly compensated.
Union membership and leadership might at times be abused to justify a sense of self entitlement and facilitate abuse of power , but in principle it is the only means to ensure a balance of power against the adversarial might of the capital and its representatives.
Imagine that we need people who know how to make planes and not fancy financial tricks.
Summary of America rn: food prices up, wages down, layoffs everywhere, housing supply low, flights unsafe
But hey stonks up!
"management comes and goes" boy aint' that the truth. companies screech about how workers should be loyal while, like with everything else, that expectation isn't applied to the people at the top. and a revolving management door also very heavily shows.
A revolving door with massive payouts at every turn. Would love to see the numbers over the decades for TOTAL CEO compensation. The model is so broken - being paid for just arriving at the CEO position and not based on long term quality performance as all other employees are required to do.
If regular people screw up, they get fired and/or go to jail. If executives screw up, they get a golden parachute and promoted or relocated.
3rd video I’ve watched on this topic. Still going to watch the full thing. If it’s Boeing, I ain’t going.
3rd video you’ve watched? Wow you must be an expert at this point
@@fitycalibre7555I don’t think they ever claimed that they’re an expert
Another reason to build high speed rail. Don’t have to rely on airplanes for every long distance trip
HSR competes successfully versus the airlines at a distance of around THREE HOURS at whatever the average speed of the train. Amtrak's Acela NUMBERS prove this FACT. Less than three hours DC to NY Amtrak wins the passenger share battle, less than four hours NY to Boston Amtrak loses the passenger share battle, and with the nearly seven hours journey DC to Boston Amtrak LOSES BADLY the passenger share battle... WHY SPEND HUNDREDS OF BILLIONS, IF NOT TRILLIONS, BUILDING HSR THROUGHOUT AMERICA COAST TO COAST WHEN IT WON'T WIN ANYMORE PASSENGERS THAN THE PRESENT SLEEPER TRAINS? Just like Europe, beyond three hours, most of the passengers FLY... Even in Europe most HSR trains don't travel beyond three and a half hours before having to connect to another train. The trains that actually go beyond four hours are overnight sleeper trains, not HSR, with numerous stops in the middle of the night like Amtrak. The longest sleeper train runs from Vienna to either Hamburg, Amsterdam, Brussels, or Paris... The previous Russian sleeper train that ran from Paris to Moscow has been discontinued due to the war in the Ukraine...
Walk before you run.
Regulate before you penalize before you nationalize.
Fund regulation and enforcement before you legislate more regulation.
We never should have indulged privatization of government oversight. Who was involved in that devolution?
Ronnie, the conservative demon, the downfall of America started with that piece of slime😊
Regulate: failed
Penalize: also failed
NO. Not failed. Starved and gutted by co-conspirators in government, who like Boeing management need to be blacklisted.
I worked there the summer of 2008 in their Winnipeg Composite MateriaIs faciIity in Manitoba Canada, as an engineering intern when the 787 DreamIiner was being designed and stiII in it's earIy prototype stages, Iong before roIIout and commissioning ... the things I saw there were just lol ... [AImost] everything was outsourced and came from overseas and was shipped to their pIant in Redwood WA for assembIy ... QuaIity ControI disaster to say the Ieast! ... This is what PRIVATE EQUITY DOES!
Bc they let the failed QC Manager from MacDonald Douglas take over😮 Just nutty greedy behavior
The 787 is very advanced and needs very specialized parts. Boeing doesn't have enough demand for these parts if they made them themselves, so they outsource manufacturing to companies that specialize on certain things. Airbus does it too.
Our government is incapable of running Boeing. Imagine when the regulators and the company are the same.
If Boeing can't compete with Airbus, Bombardier, and Embraer, maybe they should go out of business. It isn't as if there aren't other alternatives. No nationalization of Boeing as nationalizing Boeing won't make it compete better...
they've earned bankruptcy, but they'll never see it. "too big to fail" will come back
Who gives a shit about competition? Nationalize it so people don't die for profit. Duh.
Yes they should quit Aircraft and go back to hydrofoils, high speed rail and APM Systems like they did in the 70's after the 2707 debacle.
Really nationalise it, not just "lip service nationalization" (replacing executives). Make it a public consumer co-op. Investors can still invest, but could only purchase non-voting preferred stock. Every citizen would get 1 voting share each. Every year, citizens could vote on policies and board of directors, this way the govt cronies cant install their own political hacks. Make requirement of the board to be actual people who have worked there (majority).
For other companies, give them a choice upon reaching 5% market share in their industry: break up (anti-trust) or be nationalized. And give them a time limit of 5 days to decide. No expropriation as the govt would buy in the latter case, but any profits would be returned to the citizens in dividends.
You mean the company that built a cargo door with a flimsy lock that could be forced shut without actually being locked, subsequently causing multiple crashes, whom "fixed" the problem by putting a second piece of aluminium on the latch, is having trouble with safety again?? Nah couldn't be.
Always fly airbus if I can.
You prefer to fly the planes that crash when the autopilot turns off?
@@CineZoneYT Any aircraft will tend to crash if not trimmed properly when the autopilot cuts out, unless pilots take remedial action.
What’s your point?
How did we end up here????
Profits
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People
This is so scary, I worked in the defense industry for years and Boeing had a good reputation, although Boeing took over a contract that the company I had worked for lost and it seemed like some people were continuing on that contract long after Boeing was supposed to have taken over. Then I heard a rumor that Boeing lost the contract that they never really started. As always Thank you for all your work.
The CEO is a member of the CFR.
WTF?!
It is scary what damage Jack Welsh has done to both individuals and many companies with his business ideas and practices.
Of all his ideas, forced stacked ranking performance reviews were the most insidious. I’ve worked in a company with a house hold name, who nearly front page news with outages purely because of the disfunction, directly caused by the stacked ranking performance review process.
That pilot was trying to be cute. Anti ice is a 100% vital engine system. Disruption of airflow to an engine causes flame out. This puts HUGE stress on pilots, because they actually need to use it.
Maybe they shouldn't have been allowed to merge with McDonnell Douglas
This! We used to actually enfore Theodore Roosevelt-level antitrust laws
The downside of Government oversight, is that business can hide behind such governing approval. Their focus then becomes, not on how their product performs in reality, but how they can satisfy their overlords. For example, getting a bureaucrat to approve a door design, shields a company legally, and is cheaper than redesigning a door they know is lacking in safety (DC10).
The law should place full responsibility for their product, on companies, and not supply a shield of agency approval. By all means have government oversight to recommend checking a potential problem, but don't make oversight an approval that can be hidden behind.
Greed kills Boeing. The latest incident is the 787 Latam Dreamliner. 😬
I saw that and decided to start watching my Mayday-AirDisaster on RUclips
It's insane what Boeing has become..
And what about Airbus? They still have a lofty reputation despite their issues.
It's Boeing's fault that a 787 encountered heavy turbulence over an area notorious for heavy turbulence?
Heavy Turbulence doesn't have the Primary, Secondary and Tertiary computers shut off mid flight causing the "turbulence".... So, try to lie less@@CineZoneYT.
@@smoketinytom There is no accident report yet.
So a good portion of America’s military and defense capabilities have been severely compromised by corporate greed. Why do I find some harsh, but poetic, justice in that idea?
I highly doubt it, as the government has been protecting Boeing especially since the Max crashes. Who else can Boeing bypass certification for the Max by not requiring a modern cockpit system or having less redundant sensors in key areas?
3:10 FlightGlobal on Frank Shrontz: "His very appointment sent a message to Wall Street that the engineering-led culture would be tamed and disciplined."
Nice try, but the shareholders will not sell to the government. They would rather sell to _private equity firms_ instead.
First off, I worked at Boeing for a decent time, so does my uncle, did my grandpa, does many of my cousins. I could tell the government was attacking Boeing, since 9/11 and its been a sad thing to watch. Boeing was the last independent resource for a large number American workers, lucky I found Digital Control Incorporated in Kent
There's a lot of information on the financialization of the US economy. One paper, "Financialization: What It Is and Why It Matters," is an interesting read, but there are too many to list.
For stock buyback history since 1980: "Examining Share Repurchasing
and the S&P Buyback Indices in
the U.S. Market" is pretty interesting. Boeing just happens to be in the spotlight due to its headline-making and high-visibility failures; however, the financialization of all private and public companies is a huge existential threat to all of us.
Mr. Calhoun's resignation would be a good first step. 👍Appointing a new CEO ... this time an aviation engineer (from Lockheed Martin - for instance ) ... would be an excellent second step. 👍👍Boeing taking back the fuselages plant - from Spirit ... would be a perfect third step. 👍👍👍
And ... finally ... the last step of the emergency plan ... moving the headquarters to the Renton factory 👍👍👍👍 Because Max is their "cash cow" and - yet - is the most troubled. So, that factory needs 120 % attention from the management.
"It's just that simple" ... 😉
P.S.: In fact, if I would be the advisor of the new CEO ... I would advise him to build the new Renton offices right above & around the main production hall ... with steel & glass structures ... so, the managers to have under their eyes all that is going on in the assembling line ... and ... also .. the workers to "feel" those eyes supervising them. That's how serious the situation is ... 😐
Funny how shareholder meant backing the operations of a business with trust & capital not controlling the operations the shareholder has no idea in the how to... Perhaps: Controlholder, Corp-lord, or Aristo-financers; might be a better title.
At 3:30, Why did they think making a private monopoly was a good idea?
Yes because lawsuit settlements from family member become a cost of doing business rather than a punishment.
Not sure if putting people like Mayor Pete in charge of Boeing is such a great idea. A better idea is to some competition for Boeing. The only company that comes to mind is Lockheed Martin. Grumman Northrup is a distant second. Lockhead has built some great aircraft over the years. They built the L1011 & the C-5, I fully believe that they can build a replacement for the 757 in the Marietta plant.
You should look up the nick name for the C5 galaxy.
The boys call it F.R.E.D.
@@bigvaxmeanie925 try to spend some time with the AN124 Antonov.
Seriously, how anyone looks at the federal managemnent of *fucking anything* and thinks they would be good at doing something people's lives depend on is levels of head-in-ass i previously thought impossible
I used to fly a lot with Air Canada. Flight attendants used to call the L1011s hangar queens - they needed a LOT of maintenance.
I like how they explain financialization and it seems like a perfect example.
Jack Welch was CEO of GE? The company who's stock went from a solid, long term investment to a joke? Sounds more like Sucker Investors then Wall Street First. Like the guy said, this hollows out a company - makes them not worth buying from. And this is the kind of company institutional investors like???
So the government should pay those greedy investors (who selected board members) without any punishment?
thats called a bailout in my book
Unless things get worse, I doubt if the government will step in. Still, this is a very interesting idea. Setting Boeing aside for a moment, what is the history of the US Government nationalizing and/or restructuring corporations? What is their track record? How effective has the government been? If the government does step in, is there a possibility that they could make things worse? Could they actually improve this disaster? Would Congress block such efforts?
Fire the quality guys and replace them with temps, and push everything out of the door to make arbitrary deadlines... There... I just put everything in perspective for everyone
Shareholder profits above everything
Greed over Safety
Not flying on Boeing ever.
This video nailed it. Great work. Thank you.
How does a company burn so much money in the quest to make money? The 777x is now likely to end up with higher development costs than the A350, and it's not even a clean sheet design.
I love the content you make and all the light shed on important issues. That said, what can I as an individual do to help make change? And beyond an individual, how do we collectively make change?
Yell at the sky?
What do you mean by nationalize? Like state run? Same as our trust worthy media and govmt run systems? Idk about that…
I think it’s cool when someone starts acting like those whom they hate so much. I mean China nationalizes quite a bit of their assets.
For the forseeable future I am going to contact my Airline and if the flight is Boeing I am not getting inside it 😂
Well, you could be subject to a last-minute cancellation or equipment change that forces you onto a Boeing plane.
@@aycc-nbh7289You don't have to board. They aren't holding a gun to your head like they did with the whistleblower.
@@tygerlilleeBut they would be if you would otherwise be jailed for overstaying your visa and/or you would need to get home as soon as possible.
@@aycc-nbh7289 Guess I'm going to jail.
@@aycc-nbh7289 You’re pretty desperate, aren’t you?
You’ve made this same rather lame point several times.
Frankly, just let it burn. The Boeing company can fall apart and the US can pass the commercial arm to Lockheed Martin as a safety and quality driven aircraft manufacturer.
If you want to see the workforce move to Lockheed, they need to focus on quality and safety, not delivery of aircraft and pure share driven as it is now.
Great show! Thank You
I see this as a *HUGE* opportunity for Lockheed-Martin to get back into the civil aviation industry. Sure the L-1011 TriStar was absolutely awful, but they can learn from those mistakes (and Boeings). 💯
imagine a relaunch of the Galaxy?
I'd love to see what a Lockheed narrow-body looks like. I'm pretty impressed with what there civil ships looked like.
Federal investigators are needed. Now.
You do realize that if you Nationalize a company it will be run by contractors and consultants, I mean look at the FAA and how they off loaded the audits of Boeing.
Correct, because USA doesn't work like the Soviet Union where the government owned the factories themselves.
But those contracting and consulting firms will just be beholden to Wall Street's demands for exponentially-growing returns themselves, so the result will only be the same as an unnationalized company. And besides, you cannot nationalize a company based in the US because _the US government is itself privatized._
The FAA for a decade or so has been a "shit show" with no permanent director lasting 2 and half yrs in a 5 year term...underfunded and outdated by choice of Congress/DOT.
I'm old enough to vaguely remember the golden age of air travel, when it was all gov't subsidized.
Just the title alone of this video is an ouch. 🤣 Poor Boeing.
Boeing is basically a public utility, deeply enmeshed with the state (our air transportation system and military-industrial complex) and engaged in highly imperfect competition (a natural duopoly). The ultimate objective that Boeing must fulfill cannot be as simplistic and reductive as maximizing a metric or KPI on some dashboard. It is a hypercomplex public-private partnership, and needs macroprudential management for the good of our industrial base, balance of trade, and country.
The issue is US Culture and all that matters is money.
You pay the CEO 50 Million a year and most of his pay is in Stock options for which he pays no tax and guess what, this is his only interest.
Boeing lost it's way that's for sure. My first job out of college was as a software engineer at the Seattle Boeing Field facility. I left after finishing out the project I was working on because engineers had to join union. I did not have very good impression of the engineering union; same with the factory workers union. But the engineers/workers were definitely hard working and worked to make a difference for the the company. I remember how we all followed the the round the world trip of the special version of the 747 (it was shortened) and everyone cheered when the trip was completed successfully.
As part of the military-industrial complex Boeing is already effectively nationalized except that the executives answer only to Wall Street while they ride the gravy train until its time to get off. Its a sweet deal. Now if they could only get some tax cuts.
oh I'd love for it to be nationalized
they moved away from oldhat professionals in seattle/everett area toward a bunch of noobs in chicago. what you expexct from professionalism in manufacturing degrade?
Changing faces in management might create a temporary change, but no substantive change.
Same as concerns the board. Board members have no role nowadays in managing corporations, its amazing how few people understand this. Board postions are given to friends, politicians, etc as favors or bribes, they are not held by stockholders. What corporate management call "shareholder activism," which they regard as heresy, is any attempt by a shareholder to get a board seat or participate in managing the business.
Boeing is just an example of all us corporations nowadays. What's needed is getting money out of politics first, and making legislative changes to return things to where they were in the 50's and 60's in terms of corporate regulation and behaviour
Boeing going under would be a major victory against empire. So obviously they would never let it happen
If quality keeps declining to the point that literally nobody will buy Boeing aircraft anymore - and that point is much closer than almost anyone believes it is - “they” won’t have a choice in the matter.
Boeing CAN fail, and if it keeps going on the path it is on, it WILL.
@@shadowbanned636The US government would probably nationalize Boeing before they fail, especially given that they have many defense contracts in place.
@@shadowbanned636 Despite all of these "issues" the 777x has more orders than the Airbus alternative, the 787 is a huge success, and American just made a huge order of 737 max aircraft.
@@CineZoneYT But on the larger scale, Airbus have been outselling and ou delivering Boeing for years.
And not by small margins.
@@phildane7411 commercially. The US DoD is their largest customer. 21% of their procurement budget is spent with boeing. The US government would never allow such an entity to fail, even if their commercial jets fall apart piece by piece
Embraer is the best.
As someone before me said: designing and building planes is not building toasters.
Stop the corporate greed😢
It’s the Chernobyl moment for America. It’s not just Boeing, it’s corporate greed above everything else. This moment will mark the definitive fall of American dominance in technology.
Keep dreaming, tankie.
Companies have crushed and burned before. Nothing new.
The USSR was doomed long before Chernobyl.
Then how come RUclips and Facebook are still operating? Plus, Airbus seems to also have corporate greed issues and it isn't likely that the US government would allow a foreign manufacturer to control the passenger air market, especially in a post-9/11 society.
It's going to mark the fall of American dominance in technology, yet China has huge financial issues and is incapable of inventing anything, Russia can't fight a war against a small country supplied with our old shit, and Europe can't do anything because of government regulation.
@@aycc-nbh7289"Facebook is still operating" actually there was a facebook outage that like, locked employees out of the building. Facebook is *barely* operating.
Capitalizm ruins EVERYTHING
It's greed and stock prices or the global financial oligarchy
More money for the one percent
False!!! It is the love of money, capitalism keeps the competitive spirit going,
Investors needing to be paid more, are causing greed to grow!
In today’s day, people call you “smart” if you can pelt communities out of means. Sound leadership takes time to develop and we have no time and it’s been shrinking more and more over the years for these industries
Another story.....Stonecipher came to ICT in early 2000 because ICT salaried workers were wanting to join SPEEA....there was a huge all hands mtg with Harry....he got BOOED all the way back to Seattle....For sale sign went out.