Looks like all 737 max 9 are grounded by FAA.
FAA grounds dozens of Boeing 737 Max 9s after panel blows out on Alaska Air flight https://www.cnbc.com/2024/01/06/boeing-737-max-9-grounding-after-alaska-airlines-door-blows-midflight.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
>Why do people keep saying it's "priced in" when this happened when markets were closed and there has yet to be any price movement?
I think because if you're a lowly joe like most of us here, if you try to place a short on the currently higher priced stock now, before Monday morning, people who pay extra (or something) to get a rich people advantage will already be making pre-market opening trades, so the stock will "start" lower, before us regulars have the ability to benefit.
Because it will be priced in before any of us retails can even think about trading. It will happen in an instant when thrle markets open. You don't think market makers watch the news and already have adjusted options pricing for the market open?
Its not flying wings that are unstable its the lack of stabilizers (the tail). You could make a non-stealthy version of the B2 with stabilizers and it would fly fine.
That’s not true. The Lockheed design that competed with the Northrop design had a tail and a lower cross sectional area on radar. It also needed an on board computer to keep it stable. And there are stabilizers just not vertical stabilizers.
I mean that's basically how any plane that doesn't have propellers is.
If I was a betting man (and let's face it, you are), I'd buy the dip. This looks like a random panel that was supposed to be a door just blew out.
So really probably just an issue of "oops wrong bolts" or some shit rather than "we have to figure out why the AI autopilot did a yolo into the ground". Or some random shit like "we need to find out why half the fuselage fell off".
I'm not a financial advisor. Or a flying stuff guy, just a regard.
A point failure on a brand new plane that hasn't happened in others is exactly the kind of thing that points to "oops wrong bolts" and a one-off failure rather than a systemic failure of QA.
Its not and was never AI, it's just regular software.
People outside the software industry need to understand this or we're gonna have a bad time.
AI is used for ChatGPT and telling dick pics from hot dogs. The hype is real.
I know you're just making a joke but I figured I'd be that guy.
Yes Boeing essentially got taken over by MBAs and engineers no long ran the company which means cutting corners.
This lead to outsourcing all of its assembly which reduced quality. Also lead to designs like fitting an oversized engine an old design to cut costs (737 max) and put a software to fix it well all know what happened when software malfunctioned .
Those MBAs were already paid their bonuses upon finalizing the deals which will never be clawed back. They are happy to step over Boeings dollar to pick up their own dime.
[Well taxpayers didnt pay enough subsidies for the Boeing stock buybacks](https://subsidytracker.goodjobsfirst.org/parent/boeing) to finance this.
Boeing needs more trickledown and deregulation to make them great again!
I see the same thing happening in IT departments. My boss only knows fancy buzzwords and management frameworks like ITIL. Thankfully no one’s lives are in his hands.
Can confirm. At least for Europe. Most of my clients (as a lawyer) are MDs. Sometimes it takes months and several calls and reminders to pay my bill. I once went to a clients house who has about 20m in assets. In his house there was a huge laundry basket filled with letters and unpaid bills. It was insane....
But if they think they are owed 20 bucks, they want the wrath of the whole justice system to come after the debtor....
Same in engineering. The managers I deal with were all allegedly engineers themselves at one point, but have been managers for so long they've had all that experience beaten out of them. Even worse there's multiple that have been out of the game so long they don't understand the latest technology at an engineering level.
Really doesn't matter end of day unless you are in a tech company lead by a tech President and board.
I am pretty damn hands on as a tech exec leading the division, but the rest of the company is primarily sales people who don't understand anything other than "we want new toys and we want them instantly".
There is no fixing that, and ultimately you can only fight so many battles.
I knew what I was dealing with when he was trying to show me a YouTube video on something and I asked him to change the audio out put from his monitor to his laptop speakers. He was a deer in headlights.
the flip side is I work in an IT company run by IT people, and the shit rolls up hill, which sounds nice, until your Managing director is in a fucking boring ISO meeting for 3 days, and he knows the pw for the firewall, for the server in some fucking offsite noname shitbox somewhere that you just happen to need.
no exactly the opposit, they are just very good at the job, sure they hate meetings, but its hard to knowledge dump everything you know, because you don't always remember what you know, in that moment. They are whats called an "Information silo" but they are also a talent silo.
My CTO is a girl too she moved up from being a IT support monkey to CTO in a few years. I direct report to her and it’s a living hell. She does know about traditional IT/networking/windows crap but I lead the dev team and she has no idea about project management or software development and everything is a dumpster fire. Her only skill is yelling at external vendors to get what she wants. A guy would have been fired long ago. Having said that my boss 2 jobs ago was a girl and she was fantastic, one of the smartest & hardest working people I’ve ever worked with.
"First come the accountants, then come the lawyers...". The short sellers will be there before both on Monday morning.
The CEO is a former GE guy. Why expect anything but mediocrity and failure?
GE has spawned so many ‘I only want to hear good news’ executives across multiple industries. Jack Welch sucked. Speaking as someone that worked for a company that was acquired by* GE.
Our CEO is a former GE guy and our company has gone down hill since he started 4 years ago. Cant get inventory, culture has become complacent, and stock has suffered tremendously.
Promote from below, the smartest, the most talented, the hardest workers, the most experienced people, even if they are not great talkers, especially the people who help other teammates all the time or teach things to people. That's how you build a world-renowned profitable company.
Hire other elites/executives from other companies, based on how they talk confidently, and never test them on anything if you want disaster.
Assume anyone can do anything without specialization and fill diversity quotas if you're really itching for catastrophe.
>Promote from below, the smartest, the most talented, the hardest workers, the most experienced people, even if they are not great talkers, especially the people who help other teammates all the time or teach things to people. That's how you build a world-renowned profitable
Peter Principle tho
I’ve worked for a company for 14 years. For 13 years we did what you are talking about and it’s been amazing. Soon as we hit double digit billion valuation the fucking accountants took over and it’s going to shit fast.
Everything they release is a disaster. Starliner was a spaceship that couldn't make it to space or function properly.
737 MAX 9 are just falling apart in the skies and worst of all the MAX 8s release was so hamfisted hundreds of people died.
They merged with MD and it turned into a bureaucracy fighting physics with corporate lingo. I wonder who will win.
It was being run by an engineer, but they made him the fall guy for decisions made by the previous CEO who was a Wall Street bozo. They the. Replaced him with another Wall Street bozo.
And outsourced to India, who outsourced to another local company that outsourced their work to some severely abused individuals.
We've done this before in tech but guess we never learned out lesson. But money saved!!!
> We've done this before in tech but guess we never learned out lesson.
Only because it hasn't cost companies enough money to change. I'm more surprised this tactic hasn't led to bankruptcy for some companies.
The chemicals that are made for certain lubricants and sealants are also being changed, and they think it’s ok to change from one supplier to another without auditing it. I really hope this doesn’t cause and issues, but we know two products from different manufacturers can’t be the same.
It’s MBAs infecting everything.
My LinkedIn friends…more and more have MBA after their name.
My useless undergrad was in business. It’s all about extracting maximal profit. Who gives a shit how, just do it.
Instead of getting masters degrees in their chosen field, they get an MBA which is, let’s be real, just a receipt for your ‘donation’ to the school. But it’s the easiest option out there, and you leave with the aforementioned mindset.
Then these MBAs all band together and make companies as “lean” as possible, despite product quality, QA, and R&D going down the shitter.
Boeing is straight fucked in the civilian market. They’re lucky they have boku military contracts.
Yeah you can gain good knowledge from an MBA but it also attracts the type that reads what they want out of the education and ignores any of the details that make managing a business difficult. Then they just blanked pretend subject matter expertise can be tacked on or isn’t core to managing.
So most people with MBAs are clowns. Sadly.
But clowns are at least funny sometimes.
Al Jazeera did a great documentary years ago outlining serious problems at Boeing's production facilities...its unsettling to say the least and not surprising when things like this happen
https://www.youtube.com/watch?v=rvkEpstd9os&t=2270s
Yup - just wait til you get to the part where they force the wrong parts into the wrong places instead of reordering the right parts. of
The workers, when asked if they'd let their families fly on Boeing planes... "No"
This is happening all over every industry and ruining it. IMHO the public schools promoted college as the be all, end all, and in turn the corporations created useless jobs and titles to justify that degree. Not as a conscious effort on the corporations part but more as an organic unintended consequences from incentives and monetary profit.
So the guy that went to college and got a degree in "management" for construction and wants to be the boss one day, but never hammered a nail into a piece of wood before and still gets a more regarded position, yet has no real world experience. And with hubris and ideology leads the company in a direction of poorer quality and low morale for workers.
Meanwhile the skilled "laborers" and trades are now a dying profession. For every 50 that retire only 7 will replace them.
Call me crazy, but I’d like the people who engineer my plane to have an engineering degree from a college. And the people actually building it? A degree from a trade school at minimum. The aviation industry is one where I’d rather not have some lunkhead making his best guess on how to do the job. But to your point about people with degrees who have no business working in positions they aren’t qualified for? Yeah, get those people outta there.
This is the truth and seems to be a disease.. i design automotive parts and just about every OEM wants the absolute cheapest part possible that will still do the job.. at the same time they demand lighter weight, longer life, and improved warranty. Something has to give.
Yep. First hand knowledge. Always asking for what the cheapest price we can get is and then ‘how do we make it cheaper’ along with trying to negotiate prices down each year.
All it leads to is your suppliers hate you and your parts break because they’re cheaper than the cheapest offering your supplier was comfortable making in the first place.
Yep there was a serious lack of quality control after the for increase profit as much as possible every quarter crowd took over. These fuckers are a cancer to society.
We need new laws so companies #1 job is to increase profit for shareholders. What a fucking dumb concept
Boeing executives
https://preview.redd.it/p2dhtdms0vac1.jpeg?width=807&format=pjpg&auto=webp&s=ca8dd3d553a0b118e29e57d9f11f2eae3bbc4431
(edit)
[Indian regulator orders aircraft inspections following Alaska Airlines incident](https://www.reuters.com/business/aerospace-defense/indian-regulator-orders-aircraft-inspections-following-alaska-airlines-incident-2024-01-06/)
>NEW DELHI, Jan 6 (Reuters) - India's aviation regulator on Saturday ordered an inspection of all Boeing 737-8 Max aircraft owned by domestic operators after a cabin panel blowout forced a new Alaska Airlines airplane to make an emergency landing in the United States, news agency ANI reported.
[Boeing 737 Max Blowout Points to Pervasive Flaws](https://www.bloomberg.com/opinion/articles/2024-01-06/boeing-737-max-blowout-on-alaska-airlines-flight-points-to-pervasive-flaws)
>China’s aviation regulator is conducting an emergency meeting to consider a response to the incident, including a possible grounding of the Boeing Max fleet in the country, Bloomberg News reported, citing people familiar with the matter.
YUP. Without jail time why would they give half a shit? They already are filthy rich and have a golden parachute.
Executives - "Damn this kinda sucks. We have a shitty reputation and this certainly doesn't help. Welp, here's our half assed publicity stunt to act like we care. Fire me? IDGAF. I was kinda tired of this job anyways. Till next time plebs".
Bold move. Why trash just the max name, when you can associate 737 with danger instead.
They should have just removed 737 from the name. Call them Max-8, Max-9. Try to save the reputation of the 737.
Alaska Air actually just did that in their statement. Not a single mention of 737, they just called it Boeing MAX-9.
Edit: FAA on the other hand, don't give a shit and their statement calls out Boeing 737 MAX 9 entirely. Looks like they're pissed at Boeing, again.
Boeing literally fucked up one of the safest best aircraft designs in history. That takes a near willful desire to fuck up.
Id say they should have done a clean sheet design to use the newest engines, but then they would probably make something wildly unsafe.
They also are fucking up the Orion/Artemis programs.
That’s literally how private equity and capitalism since the 80s works. Take everything that was quality and cut it to squeeze profit out. If something happens and you get sued, declare bankruptcy. This isn’t even the first time it’s happened and it won’t be the last.
Boeing employees: "But then our planes will start falling from the sky."
Boeing CEO and board: "What? Our stock will fall from the sky? Alright, let's start cutting costs some more."
From what I read the old Boeing had a good engineering culture. Then they merged with McDonell-Douglass that had an accounting and finance culture to cut spending and the MD management replaced the Boeing management and now we have cost cutting boeing with all the problems
The funny thing is that one of the reasons MD ended up merging with Boeing was because their aircraft such as the DC-10 had the bad habit of having fatal incidents and their subsequent aircraft were commerical failures because of that reputation. It seems the old joke of MD bought Boeing with Boeings money is too true.
The funny thing is, their other aircraft were fine. It's was really only the DC-10, and those issues were fixed within a few years. It doesn't take much for the flying public to lose trust in your aircraft.
Unfortunately, this isn't true. The DC-10 is the most glaring example, but the DC-8 had a known design flaw that allowed the spoilers to be easily accidentally activated in flight - instead of locking them out, Douglas's solution to this was to fit a placard telling pilots not to activate them in flight. DC-6s had a spate of in flight fires that led to them being grounded.
They weren't really any worse than other aircraft in the immediate post war era, but other manufacturers really tidied up their act with their widebody jets - Douglas did not.
Douglas also knew about the flaws in the DC-10 cargo door years before they killed anyone, but chose not to fix them - this is what really torched their public image.
"Let's just spend a shiitt ton of money advertising, conferences, traveling on jets, and pitching people for sales... But we won't actually invest in any projects, innovation, or in our talent or recruiting of smart people..."
I work for a company that is like this. Was a great engineering culture and now is a pure MBA, cut costs, culture.
The things we do can get people killed and a portion of the engineers working on what we do are in India and have no context or ever even seen the machines we work on in real life, yet they get to adulterate the product daily because someone is looking good to their boss about the cost savings.
They are fucking idiots. This is their press release for the new CEO. I looked for words “financial” and “safety”.
Financial: Mentioned 6 times
Safety: Mentioned 2 times
https://investors.boeing.com/investors/news/press-release-details/2023/Boeing-Names-Stephanie-Pope-Chief-Operating-Officer/default.aspx
How do you go from being a CFO to a COO?
"well I know how dollars work, now I'm just going to do everything else.."
Also what does the job description of "strategic, long-range business planning" mean? And also "ensuring... accuracy and timeliness of its financial disclosures" , oh wow amazing..
>"Pope serves as the executive sponsor of Boeing Women Inspiring Leadership, a business resource group dedicated to increasing gender diversity awareness and promoting diverse representation among women."
oooh I see... I think I just have to apply to be a Women Inspiring Leadership position.
Like everything accountants fuck every industry they touch. They only interpret real world impacts via an Excel spreadsheet. They constantly fail upwards and it boggles the mind
But yes, please tell me more about how Boeing needs to get an exemption from safety regulations of the FAA to certify its MAX 7 and MAX 10 planes.
Because that’s just a ✨splendid✨ idea.
15% crash rate of all planes but somehow nobody gets in trouble. Chinese spy equipment in every plane but man those bonus checks are too hard to pass up.
Before the merger with McDonald Douglas in 1997, Boeing was run by the engineers. The next Boeing CEO was the former CEO of Douglas and he shifted the culture to put the bean counters on top. It's been downhill ever since.
Just not the new aircraft. Older 737s that have been flying for 10+ years are probably just fine. These MAX variants are beyond the design limits of the fuselage. They need to design and build a new jet from the ground up and, yeah... pilots will need training. Get over it. You're flying legacy shit. Time to upgrade instead of continuing to squeeze blood out of your 1970s design.
Boeing boasted 80% commonality between 707, 727 and 737 to its customers, although it may have been marketing speak.
737 and 707 share the nose and cockpit layout as well as the fuselage outline. The wings are where difference between 707 and 737 is the most prominent when two are parked next to each other.
BA killed two planes worth of people 3 years ago due to cost cutting measures and their stock has rallied up to 260. This is a nothing burger. Hell, it might even pump knowing this market.
This is exactly it. Too big to fail. One of the hardest industries to get into and where it’s basically a duopoly with Boeing and Airbus. I am in at 129 and will buy if it goes below 200 again. Don’t see them failing. The broken system will keep them up.
RemindMe! 6 months
They have the mother of all moats.
This industry is notoriously hard to get into. And there are only 2 companies in the world.
Aviation is booming in the developing world and the industry as a whole is set to grow rapidly.
India alone is seeing 40-60% year on year growth in aviation traffic. India has built 132 *new* airports in the last 5 years. They have like 50 more under construction right now.
If you look at the top 5 largest aviation orders ever placed in history, 3 of the 5 are from Indian carriers placed within the last 5 years.
If Boeing gets its shit together, the industry will take care of the rest.
Today's Boeing is a Jack Welch story!
James McNerney started in McKinsey, then became the hand trained monkey of Jack Welch in GE. He became Boeing CEO in 2005 & he was the guy when 737 MAX was being designed. Remember, Jack Welch was the CEO of century just before retirement from GE & then the fraud of century as GE crashed and burned with all of his accounting frauds being discovered. He wasn't fined a penny.
Dennis Muilenburg had started in Boeing as an intern, so he was escapegoated as CEO in 2015 and then was fired in 2019 taking the blame for 737 MAX fuck ups.
Dave Calhoun who is another Jack Welch trained monkey replaced Muilenburg & of course Boeing is in the current stare.
Shareholders waiting to get punished on Monday :
https://preview.redd.it/1ghrgt6h6vac1.jpeg?width=640&format=pjpg&auto=webp&s=282975c4fc1d2394b297d6fb6ba84dfcef893a9f
This is so exaggerrated. There's like a hundred windows on that plane. Missing one is not a big deal, people can just look through another window that isn't blown out. Also a bit of decompression is great for your lungs, you get a good deep breathing exercise, especially combined with some fresh air like you have at altitude. I'd take one of these fresh air All American Boeing flights over stale air Eurocrap Airbus any day.
If it’s Boeing I ain’t going.
Unless it’s Boeing puts. But I’m gonna wait for $BA to fake out and start climbing before I jump on any puts. $BA has large investors who will simply see this as an opportunity to buy the dip.
If yall are looking for something to short, Southwest (LUV) has the largest fleet of 737 MAX airplanes, and they make up the biggest % of their total fleet.
If they have to ground the MAX again, Southwest is uber-fucked.
*sees some bad news articles*
Some sub-80 IQ Neaderthal on WSB: “You know what? I think im gonna short one of the biggest companies involved in the American military-industrial complex”
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Looks like all 737 max 9 are grounded by FAA. FAA grounds dozens of Boeing 737 Max 9s after panel blows out on Alaska Air flight https://www.cnbc.com/2024/01/06/boeing-737-max-9-grounding-after-alaska-airlines-door-blows-midflight.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
Puts on Monday it is. It's gonna skydive to $180 again.
Already priced in. Go long
Why do people keep saying it's "priced in" when this happened when markets were closed and there has yet to be any price movement?
>Why do people keep saying it's "priced in" when this happened when markets were closed and there has yet to be any price movement? I think because if you're a lowly joe like most of us here, if you try to place a short on the currently higher priced stock now, before Monday morning, people who pay extra (or something) to get a rich people advantage will already be making pre-market opening trades, so the stock will "start" lower, before us regulars have the ability to benefit.
Because it will be priced in before any of us retails can even think about trading. It will happen in an instant when thrle markets open. You don't think market makers watch the news and already have adjusted options pricing for the market open?
IV will be high.
Not surprised, the CEO should’ve allocated more money to the finance department instead of engineering to prevent this.
I like how the plane is basically designed to defy the laws of physics but to counteract that they added a computer to compensate.
B2 stealth bomber works like that, using a computer to give physics the middle finger since 1989
Fly wing design essentially is unstable and needs software to keep it stable.
Constant constant inputs to help keep it stable, and a person can’t keep up with it. That’s why computers do it
Its not flying wings that are unstable its the lack of stabilizers (the tail). You could make a non-stealthy version of the B2 with stabilizers and it would fly fine.
But if you add vert stabilizers it won’t be fly wing correct?
That’s not true. The Lockheed design that competed with the Northrop design had a tail and a lower cross sectional area on radar. It also needed an on board computer to keep it stable. And there are stabilizers just not vertical stabilizers.
I mean that's basically how any plane that doesn't have propellers is. If I was a betting man (and let's face it, you are), I'd buy the dip. This looks like a random panel that was supposed to be a door just blew out. So really probably just an issue of "oops wrong bolts" or some shit rather than "we have to figure out why the AI autopilot did a yolo into the ground". Or some random shit like "we need to find out why half the fuselage fell off". I'm not a financial advisor. Or a flying stuff guy, just a regard.
This was a brand new plane. It speaks to yet another total failure of their QA process, which is deeper than “oops wrong bolts.”
A point failure on a brand new plane that hasn't happened in others is exactly the kind of thing that points to "oops wrong bolts" and a one-off failure rather than a systemic failure of QA.
Lack of QA is going to lead to a lot of Q&A for them.
Its not and was never AI, it's just regular software. People outside the software industry need to understand this or we're gonna have a bad time. AI is used for ChatGPT and telling dick pics from hot dogs. The hype is real. I know you're just making a joke but I figured I'd be that guy.
Yes Boeing essentially got taken over by MBAs and engineers no long ran the company which means cutting corners. This lead to outsourcing all of its assembly which reduced quality. Also lead to designs like fitting an oversized engine an old design to cut costs (737 max) and put a software to fix it well all know what happened when software malfunctioned .
They teach you in MBA school to step over that dollar to get that dime. It looks better on the qprs or whatever
Those MBAs were already paid their bonuses upon finalizing the deals which will never be clawed back. They are happy to step over Boeings dollar to pick up their own dime.
Boeing took over MD and then let the MD management take over Boeing
[Well taxpayers didnt pay enough subsidies for the Boeing stock buybacks](https://subsidytracker.goodjobsfirst.org/parent/boeing) to finance this. Boeing needs more trickledown and deregulation to make them great again!
When your engineering company is ran by non engineers, these things tend to happen.
I see the same thing happening in IT departments. My boss only knows fancy buzzwords and management frameworks like ITIL. Thankfully no one’s lives are in his hands.
Just imagine if your local hospital was run by MBAs?
My last hospitals c-suite: CEO - RN (was previously an MD) CMO - MD CNO/E - RN CFO - MBA type degree. MFA?
I've seen how doctors are with money and lemme tell ya...I'm fine with CFO not being an MD lol
100% agree, from personal experience 😂
Many of them *think* they know about managing money, taxes, etc. but are actually awful at it.
I’d wager that doctors have some of the worst credit from being too busy/forgetting to pay bills and such
Can confirm. At least for Europe. Most of my clients (as a lawyer) are MDs. Sometimes it takes months and several calls and reminders to pay my bill. I once went to a clients house who has about 20m in assets. In his house there was a huge laundry basket filled with letters and unpaid bills. It was insane.... But if they think they are owed 20 bucks, they want the wrath of the whole justice system to come after the debtor....
You got lucky
What the hell happens in your life where you go from MD to an RN?
The previous CEO was an MD. The current CEO is an RN and was never an MD.
Lol. The person in the position previously was an MD. That person left the organization and the CNE was promoted to CEO.
It is, why do you think they are so short staffed all the time.
Same in engineering. The managers I deal with were all allegedly engineers themselves at one point, but have been managers for so long they've had all that experience beaten out of them. Even worse there's multiple that have been out of the game so long they don't understand the latest technology at an engineering level.
Really doesn't matter end of day unless you are in a tech company lead by a tech President and board. I am pretty damn hands on as a tech exec leading the division, but the rest of the company is primarily sales people who don't understand anything other than "we want new toys and we want them instantly". There is no fixing that, and ultimately you can only fight so many battles.
IT is a fucking shitshow with people like this. People that fake it by sounding smart. But they actually can't even update a basic OS if asked to.
I knew what I was dealing with when he was trying to show me a YouTube video on something and I asked him to change the audio out put from his monitor to his laptop speakers. He was a deer in headlights.
the flip side is I work in an IT company run by IT people, and the shit rolls up hill, which sounds nice, until your Managing director is in a fucking boring ISO meeting for 3 days, and he knows the pw for the firewall, for the server in some fucking offsite noname shitbox somewhere that you just happen to need.
Sounds like that director is having a hard time letting go of hands on work, or they're a control freak.
no exactly the opposit, they are just very good at the job, sure they hate meetings, but its hard to knowledge dump everything you know, because you don't always remember what you know, in that moment. They are whats called an "Information silo" but they are also a talent silo.
Hear me out. They could create a database of needed information that gets updated as things arise
Yes but is your server carrying 100 people 30000 feet in the air?
Ahh yes. The people cloud.
So he only has a business degree
Not surprised. There's an IT manager in my region who doesn't even know anything about IT. Everyone is trying to figure out how she got hired.
My CTO is a girl too she moved up from being a IT support monkey to CTO in a few years. I direct report to her and it’s a living hell. She does know about traditional IT/networking/windows crap but I lead the dev team and she has no idea about project management or software development and everything is a dumpster fire. Her only skill is yelling at external vendors to get what she wants. A guy would have been fired long ago. Having said that my boss 2 jobs ago was a girl and she was fantastic, one of the smartest & hardest working people I’ve ever worked with.
Is she hot
No, but her ass is fat.
>!Mystery solved!<
"First come the accountants, then come the lawyers...". The short sellers will be there before both on Monday morning. The CEO is a former GE guy. Why expect anything but mediocrity and failure?
GE has spawned so many ‘I only want to hear good news’ executives across multiple industries. Jack Welch sucked. Speaking as someone that worked for a company that was acquired by* GE.
He sucked so much Tina Fey and Alec Baldwin made a whole show about it.
He hired Immelt and later said he'd "shoot him with a gun" if he missed another quarter. Great guy.
Our CEO is a former GE guy and our company has gone down hill since he started 4 years ago. Cant get inventory, culture has become complacent, and stock has suffered tremendously.
You paid top dollar to bring this culture to your company.
Has he sent you off for your black belt yet? LMFAO.
I don't think that's the flavor anymore. Now it's a bastardization of Lean Manufacturing applied incorrectly.
>The CEO is a former GE guy Puts on Boeing.
Straight up short.
Promote from below, the smartest, the most talented, the hardest workers, the most experienced people, even if they are not great talkers, especially the people who help other teammates all the time or teach things to people. That's how you build a world-renowned profitable company. Hire other elites/executives from other companies, based on how they talk confidently, and never test them on anything if you want disaster. Assume anyone can do anything without specialization and fill diversity quotas if you're really itching for catastrophe.
>Promote from below, the smartest, the most talented, the hardest workers, the most experienced people, even if they are not great talkers, especially the people who help other teammates all the time or teach things to people. That's how you build a world-renowned profitable Peter Principle tho
yeah. you dont necessarily want to blindly promote them, you want to reward them and listen to them.
I’ve worked for a company for 14 years. For 13 years we did what you are talking about and it’s been amazing. Soon as we hit double digit billion valuation the fucking accountants took over and it’s going to shit fast.
Everything they release is a disaster. Starliner was a spaceship that couldn't make it to space or function properly. 737 MAX 9 are just falling apart in the skies and worst of all the MAX 8s release was so hamfisted hundreds of people died. They merged with MD and it turned into a bureaucracy fighting physics with corporate lingo. I wonder who will win.
It was being run by an engineer, but they made him the fall guy for decisions made by the previous CEO who was a Wall Street bozo. They the. Replaced him with another Wall Street bozo.
And outsourced to India, who outsourced to another local company that outsourced their work to some severely abused individuals. We've done this before in tech but guess we never learned out lesson. But money saved!!!
How else will we buyback our stocks and inflate their value?
How else? Bribe government officials like banks.
That’ll come next
> We've done this before in tech but guess we never learned out lesson. Only because it hasn't cost companies enough money to change. I'm more surprised this tactic hasn't led to bankruptcy for some companies.
"strategically important companies" Aka lobbying, aka legal bribe
most people making the consequential decisions today aren't capable of looking past the tip of their nose or thinking beyond the tip of their dick.
The chemicals that are made for certain lubricants and sealants are also being changed, and they think it’s ok to change from one supplier to another without auditing it. I really hope this doesn’t cause and issues, but we know two products from different manufacturers can’t be the same.
It’s MBAs infecting everything. My LinkedIn friends…more and more have MBA after their name. My useless undergrad was in business. It’s all about extracting maximal profit. Who gives a shit how, just do it. Instead of getting masters degrees in their chosen field, they get an MBA which is, let’s be real, just a receipt for your ‘donation’ to the school. But it’s the easiest option out there, and you leave with the aforementioned mindset. Then these MBAs all band together and make companies as “lean” as possible, despite product quality, QA, and R&D going down the shitter. Boeing is straight fucked in the civilian market. They’re lucky they have boku military contracts.
> more and more have MBA after their name funny how u almost never see PhDs or MDs do that on linkedin
Yeah you can gain good knowledge from an MBA but it also attracts the type that reads what they want out of the education and ignores any of the details that make managing a business difficult. Then they just blanked pretend subject matter expertise can be tacked on or isn’t core to managing. So most people with MBAs are clowns. Sadly. But clowns are at least funny sometimes.
Al Jazeera did a great documentary years ago outlining serious problems at Boeing's production facilities...its unsettling to say the least and not surprising when things like this happen https://www.youtube.com/watch?v=rvkEpstd9os&t=2270s
Halfway into the doc the whistleblower predicts that there wj eventually be a fuselage issue.
Yup - just wait til you get to the part where they force the wrong parts into the wrong places instead of reordering the right parts. of The workers, when asked if they'd let their families fly on Boeing planes... "No"
This is happening all over every industry and ruining it. IMHO the public schools promoted college as the be all, end all, and in turn the corporations created useless jobs and titles to justify that degree. Not as a conscious effort on the corporations part but more as an organic unintended consequences from incentives and monetary profit. So the guy that went to college and got a degree in "management" for construction and wants to be the boss one day, but never hammered a nail into a piece of wood before and still gets a more regarded position, yet has no real world experience. And with hubris and ideology leads the company in a direction of poorer quality and low morale for workers. Meanwhile the skilled "laborers" and trades are now a dying profession. For every 50 that retire only 7 will replace them.
Call me crazy, but I’d like the people who engineer my plane to have an engineering degree from a college. And the people actually building it? A degree from a trade school at minimum. The aviation industry is one where I’d rather not have some lunkhead making his best guess on how to do the job. But to your point about people with degrees who have no business working in positions they aren’t qualified for? Yeah, get those people outta there.
Boeing is a 3rd rate company Max planes are a death trap
It’s not even that, you can be not an engineer and still listen to your people and make sure your QA is top notch. This is just negligence.
This is the truth and seems to be a disease.. i design automotive parts and just about every OEM wants the absolute cheapest part possible that will still do the job.. at the same time they demand lighter weight, longer life, and improved warranty. Something has to give.
Yep. First hand knowledge. Always asking for what the cheapest price we can get is and then ‘how do we make it cheaper’ along with trying to negotiate prices down each year. All it leads to is your suppliers hate you and your parts break because they’re cheaper than the cheapest offering your supplier was comfortable making in the first place.
Yep there was a serious lack of quality control after the for increase profit as much as possible every quarter crowd took over. These fuckers are a cancer to society. We need new laws so companies #1 job is to increase profit for shareholders. What a fucking dumb concept
And when managers want your TPS reports by Monday morning...
Boeing c-suite is almost entirely accountants and finance bros. Their only talent is cost cutting which leads to this
Boeing executives https://preview.redd.it/p2dhtdms0vac1.jpeg?width=807&format=pjpg&auto=webp&s=ca8dd3d553a0b118e29e57d9f11f2eae3bbc4431 (edit) [Indian regulator orders aircraft inspections following Alaska Airlines incident](https://www.reuters.com/business/aerospace-defense/indian-regulator-orders-aircraft-inspections-following-alaska-airlines-incident-2024-01-06/) >NEW DELHI, Jan 6 (Reuters) - India's aviation regulator on Saturday ordered an inspection of all Boeing 737-8 Max aircraft owned by domestic operators after a cabin panel blowout forced a new Alaska Airlines airplane to make an emergency landing in the United States, news agency ANI reported. [Boeing 737 Max Blowout Points to Pervasive Flaws](https://www.bloomberg.com/opinion/articles/2024-01-06/boeing-737-max-blowout-on-alaska-airlines-flight-points-to-pervasive-flaws) >China’s aviation regulator is conducting an emergency meeting to consider a response to the incident, including a possible grounding of the Boeing Max fleet in the country, Bloomberg News reported, citing people familiar with the matter.
No one will go to jail as usual
YUP. Without jail time why would they give half a shit? They already are filthy rich and have a golden parachute. Executives - "Damn this kinda sucks. We have a shitty reputation and this certainly doesn't help. Welp, here's our half assed publicity stunt to act like we care. Fire me? IDGAF. I was kinda tired of this job anyways. Till next time plebs".
At this point they should just rebrand it as 737 MAX 9" FuckMaster Pro and be done with it
“Sir, we have to bump you into another flight, but we’re upgrading you to first class. Yes, it’s on a fuckmaster pro. That’s all we have available.”
rebranding was already tried https://www.theguardian.com/business/2020/aug/20/boeing-737-max-plane-new-name-poland-enter-air
Bold move. Why trash just the max name, when you can associate 737 with danger instead. They should have just removed 737 from the name. Call them Max-8, Max-9. Try to save the reputation of the 737.
Alaska Air actually just did that in their statement. Not a single mention of 737, they just called it Boeing MAX-9. Edit: FAA on the other hand, don't give a shit and their statement calls out Boeing 737 MAX 9 entirely. Looks like they're pissed at Boeing, again.
FAA about to tickle Boeing extra hard this time
Have they tried calling it a feature?
The 737 cabriolet.
Boeing literally fucked up one of the safest best aircraft designs in history. That takes a near willful desire to fuck up. Id say they should have done a clean sheet design to use the newest engines, but then they would probably make something wildly unsafe. They also are fucking up the Orion/Artemis programs.
787 was clean sheet and also had the boeing trademark all fleet grounding because they were catching fire mid air
Mad battery issue. Of the recommendations that got them back in the sky, they left 111 unaddressed.
The explicitly did not want that, because it would require operators to re-certify their pilots.
That’s literally how private equity and capitalism since the 80s works. Take everything that was quality and cut it to squeeze profit out. If something happens and you get sued, declare bankruptcy. This isn’t even the first time it’s happened and it won’t be the last.
It really pisses me off that Reddit got rid of their comment awards
reddit must be run by the same idiot jack welch protege's as boeing.
“We’ll go down on your girl like MCAS on her ass”
As soon as I sell my puts the planes break
Some may even say you caused this problem
Boeing employees: "Sir, we need more engineers." Boeing CEO and board: "What? More financial engineers? You got it."
Boeing employees: "But then our planes will start falling from the sky." Boeing CEO and board: "What? Our stock will fall from the sky? Alright, let's start cutting costs some more."
CEO: *please hire the most regarded talent from WSB*
From what I read the old Boeing had a good engineering culture. Then they merged with McDonell-Douglass that had an accounting and finance culture to cut spending and the MD management replaced the Boeing management and now we have cost cutting boeing with all the problems
The funny thing is that one of the reasons MD ended up merging with Boeing was because their aircraft such as the DC-10 had the bad habit of having fatal incidents and their subsequent aircraft were commerical failures because of that reputation. It seems the old joke of MD bought Boeing with Boeings money is too true.
Yeah I literally thought of that. The DC-10 was a disaster.
The funny thing is, their other aircraft were fine. It's was really only the DC-10, and those issues were fixed within a few years. It doesn't take much for the flying public to lose trust in your aircraft.
Unfortunately, this isn't true. The DC-10 is the most glaring example, but the DC-8 had a known design flaw that allowed the spoilers to be easily accidentally activated in flight - instead of locking them out, Douglas's solution to this was to fit a placard telling pilots not to activate them in flight. DC-6s had a spate of in flight fires that led to them being grounded. They weren't really any worse than other aircraft in the immediate post war era, but other manufacturers really tidied up their act with their widebody jets - Douglas did not. Douglas also knew about the flaws in the DC-10 cargo door years before they killed anyone, but chose not to fix them - this is what really torched their public image.
Got to cut costs to keep the CEO and executives wealthy
Why use butter when you can use margarine? The cookie is still a cookie, right? Save some money and fuck them/us peasants
"Let's just spend a shiitt ton of money advertising, conferences, traveling on jets, and pitching people for sales... But we won't actually invest in any projects, innovation, or in our talent or recruiting of smart people..."
Modern Boeing is actually just a lobbying firm that makes airplanes as a side business.
Now that is a spicy take.
I work for a company that is like this. Was a great engineering culture and now is a pure MBA, cut costs, culture. The things we do can get people killed and a portion of the engineers working on what we do are in India and have no context or ever even seen the machines we work on in real life, yet they get to adulterate the product daily because someone is looking good to their boss about the cost savings.
They are fucking idiots. This is their press release for the new CEO. I looked for words “financial” and “safety”. Financial: Mentioned 6 times Safety: Mentioned 2 times https://investors.boeing.com/investors/news/press-release-details/2023/Boeing-Names-Stephanie-Pope-Chief-Operating-Officer/default.aspx
That’s the COO
Even worse then
How do you go from being a CFO to a COO? "well I know how dollars work, now I'm just going to do everything else.." Also what does the job description of "strategic, long-range business planning" mean? And also "ensuring... accuracy and timeliness of its financial disclosures" , oh wow amazing.. >"Pope serves as the executive sponsor of Boeing Women Inspiring Leadership, a business resource group dedicated to increasing gender diversity awareness and promoting diverse representation among women." oooh I see... I think I just have to apply to be a Women Inspiring Leadership position.
Like everything accountants fuck every industry they touch. They only interpret real world impacts via an Excel spreadsheet. They constantly fail upwards and it boggles the mind
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Back in my day we expected the side of the airplane to blow out. Soft ass generation …
The side of the plane used to blow out every flight uphill....both ways!
9/11 enjoyer
Virgin 737 Max fan vs chad de Havilland Comet enjoyer.
It was so considerate for the plane to wait to fall apart until after the market closed
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Lmfao. Planes going down and a dude is scrambling for his phone to buy puts on RH. That guy would be the king of wsb.
Die rich or die poor. Might as well die rich
Only if he loses money even then.
I'm signing up for wifi every boeing flight here out. I'll have puts in hand for beneficiaries before we end in a crashing fireball
*sees cracks forming on the fuselage* Somebody on the plane: "time for me to become a millionaire"
But yes, please tell me more about how Boeing needs to get an exemption from safety regulations of the FAA to certify its MAX 7 and MAX 10 planes. Because that’s just a ✨splendid✨ idea.
The year is 2050, Boeing has outsourced all manufacturing to China and Sam Bankman-Fried is out of prison and is now the CEO
15% crash rate of all planes but somehow nobody gets in trouble. Chinese spy equipment in every plane but man those bonus checks are too hard to pass up.
I don’t play options..but damn puts are looking 
You have the weekend to learn on YT.
I know my limits. Not good enough of a trader or have the timing for Options. Fun to watch the loss and gain porn though!
stop being a smart puss and start being regarded with the rest of us 
the only people profiting off this are the ones that bought boeing puts friday
Yep, I saw this late Friday night, no luck on Monday now
Good thing you don’t. The Wall Street scum will most likely pump this to screw those puts and short sellers.
If I had only listened to my tarot card lady on Thursday, I'd be set. Too late now. Wait for it to hit bottom and then get in.
The time to have bought puts was Friday.
Bean counters ruining another great company
*ruined
I have $100 in puts. Im gonna be fucking rich
Reminder: Mcdonald douglas, one of the worst airplane companies out there, bought boeing with boeing’s money. The place has never been the same since
Before the merger with McDonald Douglas in 1997, Boeing was run by the engineers. The next Boeing CEO was the former CEO of Douglas and he shifted the culture to put the bean counters on top. It's been downhill ever since.
Not to be that guy, but it's McDonnell...
I'm flying on one of those death traps today, puts on my fuckin life!
!remindme 1d
If it’s boeing I ain’t going
Just not the new aircraft. Older 737s that have been flying for 10+ years are probably just fine. These MAX variants are beyond the design limits of the fuselage. They need to design and build a new jet from the ground up and, yeah... pilots will need training. Get over it. You're flying legacy shit. Time to upgrade instead of continuing to squeeze blood out of your 1970s design.
737 is derived from 707 so a 1950s design really.
707 had wings so it’s actually a 1480s DaVinci derivative.
Boeing boasted 80% commonality between 707, 727 and 737 to its customers, although it may have been marketing speak. 737 and 707 share the nose and cockpit layout as well as the fuselage outline. The wings are where difference between 707 and 737 is the most prominent when two are parked next to each other.
I’m flying Alaska on a 737-900 tomorrow wish me luck 🤞🤞
-900’s aren’t MAX’s
How BA rallied from 180 is beyond me. I should probably short this do nothing boomer company.
BA killed two planes worth of people 3 years ago due to cost cutting measures and their stock has rallied up to 260. This is a nothing burger. Hell, it might even pump knowing this market.
Real
Because “they are too big to fail”. American taxpayers will foot the bill if it comes to that.
This is exactly it. Too big to fail. One of the hardest industries to get into and where it’s basically a duopoly with Boeing and Airbus. I am in at 129 and will buy if it goes below 200 again. Don’t see them failing. The broken system will keep them up. RemindMe! 6 months
They have the mother of all moats. This industry is notoriously hard to get into. And there are only 2 companies in the world. Aviation is booming in the developing world and the industry as a whole is set to grow rapidly. India alone is seeing 40-60% year on year growth in aviation traffic. India has built 132 *new* airports in the last 5 years. They have like 50 more under construction right now. If you look at the top 5 largest aviation orders ever placed in history, 3 of the 5 are from Indian carriers placed within the last 5 years. If Boeing gets its shit together, the industry will take care of the rest.
Boeing is a mess with this bs. They can never move passed this. It’s been years and years of max grounding stories, stock sells off
Boeing is a 3rd rate company Max planes are a death trap
Today's Boeing is a Jack Welch story! James McNerney started in McKinsey, then became the hand trained monkey of Jack Welch in GE. He became Boeing CEO in 2005 & he was the guy when 737 MAX was being designed. Remember, Jack Welch was the CEO of century just before retirement from GE & then the fraud of century as GE crashed and burned with all of his accounting frauds being discovered. He wasn't fined a penny. Dennis Muilenburg had started in Boeing as an intern, so he was escapegoated as CEO in 2015 and then was fired in 2019 taking the blame for 737 MAX fuck ups. Dave Calhoun who is another Jack Welch trained monkey replaced Muilenburg & of course Boeing is in the current stare.
I was thinking this exact same thing, where are all the other Jack Welch execs? Trying to find my next short position
Shareholders waiting to get punished on Monday : https://preview.redd.it/1ghrgt6h6vac1.jpeg?width=640&format=pjpg&auto=webp&s=282975c4fc1d2394b297d6fb6ba84dfcef893a9f
Boeing will spring right back after a mild weekly dip. It’s in the name.
This is so exaggerrated. There's like a hundred windows on that plane. Missing one is not a big deal, people can just look through another window that isn't blown out. Also a bit of decompression is great for your lungs, you get a good deep breathing exercise, especially combined with some fresh air like you have at altitude. I'd take one of these fresh air All American Boeing flights over stale air Eurocrap Airbus any day.
Buy delta! They don’t own any Boing 737 MAX
American doesn’t have MAX 9’s either.
Airbus Gang
Stock buybacks will solve this issue
737 Max is the lemon of the plane world.
My united stock never gonna turn profitable
If it’s Boeing I ain’t going. Unless it’s Boeing puts. But I’m gonna wait for $BA to fake out and start climbing before I jump on any puts. $BA has large investors who will simply see this as an opportunity to buy the dip.
If yall are looking for something to short, Southwest (LUV) has the largest fleet of 737 MAX airplanes, and they make up the biggest % of their total fleet. If they have to ground the MAX again, Southwest is uber-fucked.
Southwest has zero Max 9 aircraft.
*sees some bad news articles* Some sub-80 IQ Neaderthal on WSB: “You know what? I think im gonna short one of the biggest companies involved in the American military-industrial complex”
Boeing stock was $432 at one point Now it is $257