Submitted by cnbc_official t3_126t8el in space
VoidAndOcean t1_jeb02nf wrote
Reply to comment by AgnewsHeadlessBody in Investing in Space: Boeing’s got to get going by cnbc_official
Every single time an MBA manages an engineering company they run it into the ground.
rocketsocks t1_jedcn6u wrote
Oh, they've been quite successful at what they want to do. They have successfully looted the company quite thoroughly. Boeing had spent nearly a century building up a strong company with a strong brand that was recognized and valued across the world. After the MBAs took over they looted everything, they trashed the brand for short term gains, they funneled all of the cash on hand into the pockets of shareholders through dividends and stock buybacks. They've enriched many already hyper wealthy folks by many tens of billions of dollars, and all it took was destruction of a world class engineering institution and a few hundred lives.
VoidAndOcean t1_jeej5zd wrote
Not how it works. You cant ruin a company for the benefit of its owners lmao.
[deleted] t1_jeb0gax wrote
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