The problem with today Leadership, case in point, would be current CEO:
- He is an accountant by profession, but ends up in the AMERICAN Aerospace industry. Why? because they want an accountant to cook the books for quarterly wall street report. But they forget one thing, quarterly report can inch up stock up, but door blowing out could take down billions in second.
- He spent 26 years in GE, under Jack welch, who was master of manipulating the stock market, and destroyed GE as we know of today. Jack Welch philosophy was simple, cost reduce, off shore, buy a company milk it to death, sell it for stakes, use it to fudge quarterly numbers. Pls read: https://www.amazon.com/Man-Who-Broke-Capitalism-America_and/dp/198217644X. Thus he is infected!
- https://www.amazon.com/Man-Who-Broke-Capitalism-America_and/dp/198217644X. so based on the book, we have several of Jack Welch disciple still running corporate American, particularly Aerospace industry, running the show. Need to wash them out.
- The wall street problem, driving the industry from wall street quarterly perspective is just way too myopic for the Aerospace industry, where safety is paramount. We all travel, our families lives are stake. Wall street nothing more than quarterly number to create wealth.
737 was build some 30 years ago, it was the bread winner for Boeing. Howe can Boeing break what was working perfect ? they just wanted to add fuel efficient engines and new avionics- Really and they broke a perfect design?
Thus need to layoff of CEO who is just worried about what wall street thinks and bring a techy into his role.
When the GPA -->> 0, Engineer Major converts to Business Major. Still stand! lol