It’s All about the Benjamins 0
At The Nation, Katrina vanden Heuvel looks at what went wrong at Boeing. A snippet (emphasis added):
That view quickly took hold at the new Boeing. One CEO after another drove up Boeing’s stock value by skimping on its greatest assets: its world-leading engineering and the experts who made it possible. In the last decade alone, the company spent over half a billion dollars on executive pay and $40 billion on stock buybacks instead of reinvesting those profits in operations. Cracks in this approach started showing in 2018 and 2019, when two faulty 737 Max planes crashed, leaving 346 people dead.
