Bayarton Hacker News • Recommends
On “Hire-to-fire at Amazon India?”
Bloomberg Quicktake (which is one of the few news outlet Youtube channels I recommend) did a good 20 minutes piece on Boeing's internal cultural demise 1. 1 link to this video
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Careers and interviewsSystems programmingInside tech companiesThe tech industryEngineering management
Bloomberg explores how Boeing's corporate culture shifted from engineering excellence to cost-cutting, leading to the 737 Max disasters.
Boeing is an American institution. But one year after the grounding of the 737 Max, the company's stock has fallen by almost 50% and its future is anything but certain. So what were Boeing's failures in the aftermath of two tragedies in which the flawed plane crashed, killing 346 people, and can Boeing regain its elite status in U.S. aviation once more? #Boeing #Aviation #Transportation The Breakdown showcases rise-and-fall stories from the modern business world, told through the lens of Bloomberg reporting. Episodes look at what contributed to not only the success of a business or organization, but also the turning point at which the fall began. Prior stories covered include the NRA, Hertz, WeWork, Boeing, Kodack and many more. See the full series: youtube.com/playlist?list=PLqq4LnWs3olWs0miiytL-wndnY0TXNnSf -------- Like this video? Subscribe to Bloomberg on YouTube: youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member for exclusive perks: youtube.com/bloomberg/join Bloomberg is the First Word in business news, delivering breaking news & analysis, up-to-the-minute market data, features, profiles and more: bloomberg.com Connect with us on... Twitter: twitter.com/business Facebook: facebook.com/bloombergbusiness Instagram: instagram.com/bloombergbusiness/Why it's here
1 person recommends thisWhat people say. Engineers point to this documentary to explain how corporate culture shifts and prioritizing stock price over engineering safety can lead to catastrophic failures.
bythckron Hacker News • Mentions
On “Ask HN: Why did you leave the tech industry?”
I think the MBAs are just the tool/symptom of the problem. The problem is Wall St, why do we need it? Why are companies so bothered about stock prices? Why do companies have to put a show for them? Let them learn the trade and understand the value that is offered by a business. Short-terms gains at the expense of long-term losses is a fact that has to controlled by the board of directors and the ridiculous salaries of CEOs has to be stopped. A rule must be put in place that the shares they gain cannot be used during their tenure and only used 2-5 yrs after leaving the post. Founders bring in an MBA to run the company is like parents bringing in a Consultant to raise the children. You can nev…
anshumankmron Hacker News • Mentions
On “Sriwijaya Air flight SJ182, a Boeing 737, has disappeared from radar”
Boeing has been repeatedly undermining its engineers and has been finding way to cut costs, that has killed hundreds so far. They just settled in a court case a few days ago. And you wonder why I don't want to fly Boeing? Source: link to this video link And the cars are in my control. I can choose the best possible car I can afford, I can drive responsibly. I can use public transport whenever I can. Planes may be statistically safer, but when companies cut costs to undermine people's lives, they deserve to pay for it.
tovejon Hacker News • Mentions
On “NASA's Space Launch System: is cancellation too good?”
I've written about this before, in relation to the 737 MAX, I'll just post it verbatim: --- In 1997, Boeing merged with McDonnel Douglas. This led to some changes in management, and as a result, culture1, 8:20. McDonnel Douglas CEO, Harry Stonecipher, became the COO of Boeing. Stonecipher brought with him a cost-cutting sensibility, which was at odds with the engineering culture at the company 1, 9:00. The culture change is best conveyed through two actions made by Boeing top management: • Pierson being told ”The military isn’t a profit making organization” by Program Manager Scott Campbell after raising the point that the conditions at the Renton factory would not be acceptable in the m…