The movie "Margin Call" shows how a BoD reacted when the companies financial disaster happened: sell it all, to anyone will buy the crap, and get rewarded with huge bonuses and the possibility of still working when 80% of the staff is fired...
Great movie, maybe. What do movies have to do with actual Board decisions? The Boeing Board decided it would work out just fine to build the new 787 as components that would "snap together" as easily as Lego blocks. Very attractive concept and they signed up vendors and factories to do the job. And when the pieces came together...they wouldn't go together. All along the engineering union had been warning that this would happen if the system engineering was neglected. So, the concept had to be substantially abandoned and Boeing took over some of the vendor activities (e.g., the production facility at South Charleston).
Bad management practices propagate from the top down. With the post-merger Board in place, there was less tolerance to accept reports of problems, so that was percolated down to lower reporting levels. Supervisors made it known to their staff that they didn't want to hear about problems (as they were overwhelmed). The engineers, being brighter than the ordinary trained seas, got the message and stopped reporting problems. But the problems didn't get the memo. This was particularly prevalent on the KC-46 program.
It is sadly true that the Boeing Board is prone to stock by-backs instead of internal engineering research and development.
The bad behavior of Boards reminds me of a saying attributed to Anton Chekov: "Families are all alike in their good times, but they are all different in their miseries." Movies may be illustrative, but they are also calculated to simplify a chain of events for the comprehension of the audience.
The movie related to the 2008 disaster and showed the actions of the CEO and the board destroyed lives willy nilly as it did in RL. Heinous actions of dedicated psychos..
What is your point? You point to a movie. I point to terrible harm done to a corporation and innocent people. I think real-life events are more relevant.
Sometimes a film mirrors OUR situation totally -I AM saying great harm was done as in The Big Short. I point to the inhumanity of corporate cold blooded decisions. I was NOT affected by 2008, but WAS affected by the lockdowns of 2020-it destroyed my supplemental revenue steams.
The movie "Margin Call" shows how a BoD reacted when the companies financial disaster happened: sell it all, to anyone will buy the crap, and get rewarded with huge bonuses and the possibility of still working when 80% of the staff is fired...
Great movie, maybe. What do movies have to do with actual Board decisions? The Boeing Board decided it would work out just fine to build the new 787 as components that would "snap together" as easily as Lego blocks. Very attractive concept and they signed up vendors and factories to do the job. And when the pieces came together...they wouldn't go together. All along the engineering union had been warning that this would happen if the system engineering was neglected. So, the concept had to be substantially abandoned and Boeing took over some of the vendor activities (e.g., the production facility at South Charleston).
Bad management practices propagate from the top down. With the post-merger Board in place, there was less tolerance to accept reports of problems, so that was percolated down to lower reporting levels. Supervisors made it known to their staff that they didn't want to hear about problems (as they were overwhelmed). The engineers, being brighter than the ordinary trained seas, got the message and stopped reporting problems. But the problems didn't get the memo. This was particularly prevalent on the KC-46 program.
It is sadly true that the Boeing Board is prone to stock by-backs instead of internal engineering research and development.
The bad behavior of Boards reminds me of a saying attributed to Anton Chekov: "Families are all alike in their good times, but they are all different in their miseries." Movies may be illustrative, but they are also calculated to simplify a chain of events for the comprehension of the audience.
The movie related to the 2008 disaster and showed the actions of the CEO and the board destroyed lives willy nilly as it did in RL. Heinous actions of dedicated psychos..
What is your point? You point to a movie. I point to terrible harm done to a corporation and innocent people. I think real-life events are more relevant.
Sometimes a film mirrors OUR situation totally -I AM saying great harm was done as in The Big Short. I point to the inhumanity of corporate cold blooded decisions. I was NOT affected by 2008, but WAS affected by the lockdowns of 2020-it destroyed my supplemental revenue steams.