Boeing doesn’t really have a culture anymore.
Boeing wants to hire new employees at the bottom of the pale. Keep them for about 10 years until they max out their pay and then lay them off either through Covid or recession or some other excuse.
I don’t think Boeing laid off anyone at the Moscow design center for Covid.
And then they just rinse and repeat. A bunch more new employees with no experience to replace your tenure veterans that you laid off during the recession, Covid, etc.
This isnt lost on the employees. Employees are not recommending Boeing as a place to work for the relatives or friends. Those who are close enough are just trying to hang onto Retirement. The rest are training for different careers then aviation.
People used to be proud to work at Boeing and proud of the products they produced not anymore.
When Jim McNarney decided to spend the majority of the profits during his time, as CEO on stock buybacks, instead of a development program to replace the 737, that was the end of Boeing that.
You have an entire product line missing. No one is picking the 737 over the A320.
The obvious problem is having the CEOs bonus tied to the price of the stock. Because they would do anything to increase the stock price. I do not understand how I honest and legitimate. Board of Directors would continue to do that.
Boeing has not made a profit since the first max crash except for one quarter yet they paid their Ceo millions of dollars because of the inflated stock price. The CEO bonus pay should be tied to the profits of the company at the end of the year and not to the price of the stock because the price of the stock can be manipulated.
Well said, @6ifn+1qPWrjhk. Putting it up because it can not be stressed enough.