Don’t let the door hit you on the—oh shit, the door!
Don’t let the door hit you on the way out.
No, not that door- the one from your shitty plane flying overhead.
So what about his seat on the board and what about the Director of the board, Bradway?
At the end of the day, it’s the board that’s signing off on the high level strategy. They need to be held accountable too. The CEO isn’t the top of the pyramid. The board is.
Thank you! Folks around here are always baggin’ on CEOs like they’re the top dogs. Nope. The Board often orders them to do stupid shit, and sometimes they’re brought on to do stupid shit. Hence the golden parachute thing. Damn straight I want paid if you fire me for doing what I was told.
The shareholders get their fall guy, cool, but what about the entire leaderships criminal negligence? Because you can’t convince me that the CEO was single-handedly making the call to cut corners.
He was the guy not putting the bolts in. Boeing is actually a pretty small shop
/s
Cool. Now arrest him for criminal negligence.
How many millions fat will his golden parachute be for sending hundreds of passengers to death?
15 million in stocks that vest in 3 years plus his 1.4 million in base salary plus plus his 22 million in stock, which has admittedly taken a beating as of late.
Nice payout for a complete failure on the job.
When you have financial engineers overriding the decisions of mechanical engineers, you get crashy airplanes and eventually, caught up murdering people that might talk to investigators in order to defend those juicy profits
…sort of like how when administrators and insurance folk and lawyers and judges override the decisions of doctors and nurses, you end up with highly profitable hospitals and people dying for it
…all a bit like when the bean counters run your software company, layoffs designed to boost stock price by showing investors ‘fiscal discipline’ leaves your engineering teams shorthanded and forces them to de-prioritize bug fixes and dealing with technical debt and rigorous testing and you end up shipping lots of bugs when you release your product
Don’t blame accountants. They don’t make any decisions, and they don’t have the technical expertise to know what is dangerous.
The CEO is a good start. I bet the COO and head of engineering are also at fault. People signed off on these planes without doing the required installation of the door. If it’s a systemic issue, the quality control team is to blame.
Aviation is a regulated industry, right? I expect the FAA to get to the bottom, if not lawsuits.
He should required to be up there to answer questions from congress and the Feds.
Don’t be silly. He’ll commit suicide with two shots to the back of the head before that happens.
Just going to state the obvious here: Boards of directors of large public company should have a % of the board elected by company workers and another % appointed by elected politicians. The problem here is corporate boards entirely run by investors.
“I’m gonna step down because I failed this clown car of a company…btw i’m keeping my golden parachute”
Bring back the dude who married his first cousin!
https://www.ft.com/content/a8bfd0a3-2904-4b7e-a8e0-b5e04567c980
Now, I am a fan of this in general. I think unions should get a seat at the table.
