“So, what went wrong? Boeing’s downfall began with its merger with the failing McDonnell Douglas, one forced on it by the US government as part of the 1990s consolidation of the defense industrial base. Boeing was a company run by engineers. McDonnell Douglas was run by financiers. The outcome was tragic, but not surprising. The financiers took over the joint company so completely that there was a bitter joke in the industry that “McDonnell Douglas bought Boeing with Boeing’s money.” Then they took the short-term penny-pinching focus that had driven McDonnell Douglas into the ground to Boeing, and got exactly the same outcome. So the US government helped to cause this problem—and it may need to intervene to help solve it.”
https://www.forbes.com/sites/gautammukunda/2024/02/22/let-the-engineers-lead-america-needs-boeing-to-be-great/?sh=3f7e76b0630e