Sums up boeing corporate strategy over the last decade. The incentive were tied to the stock price so Boeing CEOs poured all the company cash reserves into raising the stock price.
Can anyone explain why the Board of Directors still gives incentives based on stock price price? Were there zero lessons learned from McNerney’s reign of te---r?
JetZero is starting to look like the SpaceX style US company we need to replace corru Boeing Commercial Airplane. They have creative and innovative engineers not encumbered by nepo executives only motivated by stock price and bonuses. Their may well have a new commercial airplane that is far more fuel efficient and comfortable before Boeing has updated their grossly obsolete 737 or 777 relics.
Large Wallstreet institutions have owned the majority of Boeing stock since the mid 90s. So increasing stock price has been and continues to be the primary objective. At some point these institutions will transition to short selling Boeing stock to get a huge profit as the company falls toward bankruptcy. This is a common Wallstreet play...watch for it...
Because the only reason Boeing is still in business is to generate wealth for their gang of nepo executives. Everything else is smoke and mirrors to jack up stock price to achieve this objective. Quality and safety were abandoned many years ago and defects are still carefully concealed from regulators.