Haven't ex-GE execs done enough damage to Boeing?
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The end of ATSG's Boeing-only fleet
https://www.transportjournal.com/en/home/news/artikeldetail/the-end-of-atsg-s-boeing-only-fleet.html
The Cargo Aircraft Management (CAM)
Leasing business of Air Transport Services Group, Inc.,
the world's largest owner and operator of converted B767 freighters,
has committed to purchase its first two A321-200 passenger aircraft,
one this year and a second in Q1/2022. Both will undergo P2F conversion
at ATSG’s Pemco Conversions facilities in Tampa, FL.
Mike Berger: "We have accelerated our plans to invest in and offer this
midsize, mid-range freighter type because our express-network customers
have expressed strong interest in adding it to their fleets as more carriers
now realize the importance of moving forward with more modern aircraft.
Backward thinking Boeing, so enamored with the company’s nostalgic
history, Ah The Good Old Days. Back when we were managed by
aviation experts not bankers and hedge fund managers.
In my humble opinion it's just another sign that the leadership is absolutely clueless and we are in for a continued dismantling of the company.
Welch also helped to popularize the idea that publicly owned companies like GE owe their primary allegiance to their shareholders, not the employees and that their duty is to cut costs, reduce payroll and increase profit. Over Welch’s 20 years running GE he outsourced or eliminated 112,000 American jobs. While the workforce in the United States is still union, it is significantly smaller than it was in the 1980’s thanks to Welch. Currently, there are only about 9,450 union employees at GE.
GE management pioneered the strategy of cutting cost by laying off the bottom 10% every year along with outsourcing majority of part fabrication to other countries like China. I would expect more of the same, more outsourcing and more layoffs.
Boeing Just Got Another Huge 737 MAX Order (Jun 30, 2021 )
https://www.fool.com/investing/2021/06/30/boeing-just-got-another-huge-737-max-order/
The Max Is The Best Roller-Coaster Aircraft in the World
Say what you will about Boeing. We still build the best.
The Max is the strongest most durable single aisle aircraft in its class
To see that aircraft take flight, to see it soar into the ski is pure delight.
The acrobatic feats are breathtaking it’s nearly vertical at takeoff.
The Max is the best flying aircraft in the world and better yet it is one of
The most spectacular aircraft wourld wide at crashing,
the strength of the Max Shines in this regime of flight, a true acrobatic feat.
The depth of those smoldering pits can’t be beat.
Try doing that with an A320. Their so computerized they will always belly flop,
You can’t get an A320 to Nose dive into the ground like you can A Max.
Then there’s the reduced coats of cleanup. The A320 leaves a large debris field
While the Max is a single deep pit containing all of the debris and victims.
Yes you need an excavator but it’s all in one place, no need for a search party
and there are No medical bills to Follow up with, as there no pesky survivors,
It’s a onetime payment coupled with a litany of lies
https://www.cnbc.com/2021/06/30/boeing-names-former-ge-executive-brian-west-cfo-to-replace-retiring-finance-chief.html
Jun 30 2021
Boeing named Brian West, a former executive at
General Electric’s aviation arm, as its new CFO, after its current
finance chief earlier this year announced his retirement.
West will be tasked with leading Boeing out of the
Max / KC-46 / 787 / 777X / Starliner and Corona virus crisis,
which drove the aircraft maker to a record loss in 2020 /2021 /2022 /2023
He replaces Greg Smith, who is retiring this month after having been
in the role since 2011. The company announced Smith’s retirement in April.
West is the CFO of Refinitiv and was CFO of Nielsen.
Boeing CEO Dave Calhoun is also a former GE executive
and former CEO of Nielsen.
The Dregs of Corporate Management are all here at Boeing now.
Another GE exec? GE is a shell of its former self. What could go wrong?
Prepare for another 20% layoffs to save executive bonuses...oops, I mean, save money.