Boeing Desperately needs a New Leader, but WHO?!
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WHO will replace Dave Calhoun as the next CEO of Boeing? Will this person help Boeing start its recovery, or… are we going to see the company continue sleepwalking along the same path?
In this video I will look at some possible CEO candidates, and I will also explain WHY the timing of the change to the new CEO, is a big headache in itself.
Stay tuned!
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Below you will find the links to videos and sources used in this episode.
SOURCES
• Neutron Bomb | Trailer...
• Jack Welch at GE
• Comcast, GE Near NBC D...
• GE Healthcare España: ...
• We Turned a Passenger ...
• GECAS
• Working For Jack Welch
• General Electric CEO J...
• Boeing CEO Dennis Muil...
• Boeing CEO Dave Calhou...
• Bauer Alumni Breakfast...
• Boeing Global Services...
• GE completes three-way...
• Boeing's Converted Fre...
• Qualcomm CEO Steve Mol...
• AWS re:Invent 2020 - D...
• Boeing reportedly in t...
• Boeing 777 Team: Flow...
• Our Future, Our Fight:...
• Qualcomm's Mollenkopf ...
#mentourpilot #boeing #ceo - วิทยาศาสตร์และเทคโนโลยี
Boeing really needs to bring in someone who loves airplanes more than they love money.
Oh yeah
@@Patriotic_Eagle1995 if you don't like him, you don't have to watch his videos. and if you have a problem with his sponsor, you should bring your concerns to his attention so he can decide if he wants to cut ties with them, instead of just badmouthing him on other people's comments.
Perfect job for Ronald McDonald...
@@kenbrown2808 I feel it's gone on long enough that "contact him privately and express your concerns" is a ship long since sailed.
If it's all the same with you I'll carry on leaving snarky comments and making fun of what a sellout he is.
Thanks for your time, have a great day!! 🤗
@@Patriotic_Eagle1995 and I'll carry on thinking of you as a petulant co.plainer with nothing to contribute and treating you accordingly.
I feel like it is always worth reminding people that for as big of a celebrity CEO that Welsh was, his decisions were overwhelmingly the reason why GE, and many other companies like GE, needed that TARP money.
Dude was largely responsible for the insane financialization of many manufacturing businesses. That short-term thinking with callous disregard for basic risk management is very clearly and directly downstream of Welsh
That is a good point. Even though he was out by the time of the 2008 financial crisis, he was not far removed at that time. GE had begun dabbling in buying up mortgage debt, and had essentially turned itself into a financial services company that also made "stuff." A similar scenario played out at General Motors, where the company shifted its focus from manufacturing cars to financing their purchases, while trying to afford past obligations on pensions and healthcare costs. The core product became secondary to trying to repair the mismanagement of these financial strangleholds, and it eventually became too much to bear.
And as it turns out Jack Welsh's business model didn't work in the long term for either product quality or profit. And yet business leaders still follow it
What you 've skipped over, is that while for years Boeing refused to invest in new aircraft, they spent the exact same billions in buying their own stocks.
And falsely exaggerating the success and ultimate value of the company. Just shuffling pieces of worthless paper around does not create sustainable wealth. Look back at the '87 and '08 crashes. Paper companies went to the wall quickest.
According to the congressional hearings, they spent 3 times that 49 billion,they have spent the same amount fixing the 737 max fiasco as a clean sheet design would have cost remember one thing about old ceos one of them gave the green light to the Pontiac Aztec😂
Boeing CEO is a sweet gig. No accountability, no repercussions, golden parachute.
Them folks set up that crony capitalism system 🤷♂️🤷♂️🤷♂️
What is the use of a C.E.O. when, for example, in the case of the door plug that blowed out of the plane and an investigation was initiated in the end they discovered that nobody was responsible for anything and nobody was held accountable for that. And that would have been true even if someone had died on that incident. There was a theoretical paper where all people involved in fixing plane's parts should sign on it. But nobody did that when they removed the plug door. And nobody inspected that another team either. And in the end nobody could be held accountable because Boeing's is nobody's company. Nobody has his name on it. The company is not owned by an individual but by very distant people who are not even in the aviation area, they are investors only and they are volatile. One week Boeing's shares are owned by some. Another week and Boeing's shares are owned by other strangers. It is just a bizarre creation that is intended to give NASDAQq's investors more money, without being responsible for anything at all. The so called "globalization" has its clear drawbacks. No one is in charge for Boeing, and that is true for many other big companies around the world where you just can't know who is the owner of that company, who is responsible for what.
I hear, Similar to GM, " You did it again Mary Barra".. Not deliver on promises. 😂
Until it turns sour, because there is a God.
sweet until the quincy-conses appear
Replacing a CEO is easy. Replacing thousands of middle managers all over the company is a lot harder.
Boeing’s real problem is that every single manager in the place for the past 20 years has gotten that role because they were able to cut corners. The new CEO is going to have to tell all of them to either get with the new program or find work elsewhere.
Imagine for a moment the sort of person who made life utterly miserable for the Boeing whistleblowers as you describe in a prior video. Those people are many steps removed from the c-suite. Many of them can’t or done want to change. They’ll keep doing what they were doing until they see colleagues at their own level get shown the door for it.
Whoever got the superficial "success" was kept. It doesn't take a genius to see what was wrong with that, for it meant sacrifice made of things that would eventually come back and haunt them.
"The love of money" (putting it above all, this doesn't mean respect for its use) "is a root of all kinds of evils." The great GE appliance empire has now become a name stickered on Asian manufacturers' output, and not even the best of it at that. Will Boeing become a name on a sticker put on, say, Comac aircraft made in China?
@@SeekingTheLoveThatGodMeans7648 Good question.
They have to address what made them cut corners in the first place. Follow that trail and then keep on going.
You start from the top and the board already has there. The day 1 job of the new CEO is to assess all of his direct reports and replace those he or she deems to be exemplars of the toxic culture. Then it will be the C suites job to start performing this analysis on their direct reports, and do the same thing. At this point, you then task the business unit heads and department heads to assess their organizational structures and identify the bloat and deadwood. They should comb performance reports, incident reports, reported safety issues, and drop in on a sampling of rank and file workers and find out what they think about their projects and managers. Using that research, reorganize the companies business units in a manner to break down responsibility silos, flatten the org structure, and make as many of the bad managers as possible redundant. The ones that you can't but know are a problem, you let them go and take someone solid from elsewhere in the company, promote someone up, or hire outside to replace.
@@aliyousuf2342 just be careful of using DEI to replace the current bad management.
Boeing's next CEO's first moves should be to change the corporate motto back to "working together" and move HQ back to Seattle. Those moves may be mostly symbolic but it would do a great deal to get the public to believe that Boeing is now serious about quality control.
then said person should work the miracle of making the usa EDUCATION (formerly, teaching) system be 50% run by wahmen and males, so that the output of said avominadtion would be productive people instead of ... whatever it is outputting now.
If anything has become clear, it's that Boeing's management is rotten to the core. So in order to regain some trust, the entire management should be fired, else they'll never really get rid of the "old boys" network. A prime example is that failing CEO, who got a $62+ million golden handshake ánd a seat on the board, despite his obvious failure.
ABSOLUTELY!
Lol, you think by changing the zip code will help? ROFL
Why would the new CEO do all that work when they can mess up work and be replaced to get an early bonus (Golden parachute).
This is Boeing after all, the government will not want it to sink. 😆
It’s 100% fair to judge past CEOs on how the company is doing a decade or more later. It takes a long time for the changes to culture, lack of R&D, selling off assets for glossy short term P&L statements, etc. for their impact to show.
In some cases. However, 24 years down the road there are business climate trends, regulatory changes, government subsidies changes, trade tariffs, consumer market changes, and technology changes that literally no one can predict. I take that back. It's 100% NOT fair to judge Welch based on most if not all of what has happened in the 24 years since he has stepped down.
@@msromike123 I disagree alot of the problems Boeing is having now are 100% a consequence of Jack Welch's decisions yes they were a long time ago but those strategic decision have led to boeing being where it is now, yes alot has happened but making CEOs are paid to make the strategic decisions that set up a company to allow it to adapt to whatever happens and be successful. That's exactly why he said he should be judged by the next few decades. What's more is that he didn't take a company and fail to grow it or grow a small company he took a large company and set it up to fail.
Wish I could give you more than one thumbs up! You are absolutely right! Also applies to politicians.👍👍👍👍👍👍👍👍👍👍
@@tomriley5790Except Welch never ran Boeing. Minor detail.
Its a little more complicated. In this case the CEO did something that worked but wasn't sustainable. If the company is too large and unfocused then cutting low performers and focusing on the most successful industries makes sense. But you can only do that for so long before your low performers are now good workers and then your company is doomed as people lose hope of staying employed.
imagine fucking up so bad you get a 23million bonus
If that metric was applied everywhere, I'd be a billionaire.
The crony capitalism way🤷♂️🤷♂️🤷♂️
It's actually $33 million lol
Rich people have rich friends. The board members gotta protect ceos they are firing, because they expect the same at the companies they are executives of. Just another example of capitalism being trash.
@@malcolm20091000 I doubt it. How many people have died from your mistakes?
My big question is what the hell were the board of directors doing whilst all this was going down? Just firing a couple of CEOs doesn't really cover their scope of shareholder responsibility, and it's the lazy quick option to appear they're doing something.
The board members are mostly incompetent celebrities and political insiders, best exemplified by Caroline Kennedy.
The shareholders obviously approve what the BOD and C-suite were doing, so look no further for who's really responsible.
@@SeanAwning-er4ww In an ideal world there would be be no limits on liability. Shareholders would be criminally liable for corporate wrongdoing.
At least the BoD in Boeing is willing to fire some execs and the CEO. They seem to finally be trying. Unlike Tesla, where the BoD seems to follow everything that Elon asks for.
Golf, cigars, ladies, bonuses,etc.
Great video as always, but I have a quibble. Regarding the final minute about Bill Allen being a lawyer and Muilinberg being an engineer, when comparing CEOs in their 50s and 60s, it's not about what they went to college for decades back in their teens and 20s. It's about whether they've spent their career actually building stuff, building teams, getting technical, working on complex products from whatever angle, dealing personally with customers, being in the trenches, as opposed to spending their career climbing the career ladder, screwing other people over to get ahead, pandering to power, not understanding or caring about what most of the other employees do, playing power politics, manipulating and financializing, not understanding or caring about the 5, 10, 20 year and beyond strategic horizon of the company, etc.
As an engineer who works daily as an engineer, I know plenty of people who got their college degree(s) in engineering (sometimes even with good grades) and spent their career avoiding engineering like the plague and don't understand shit technically, and plenty of people who don't have engineering degrees who are very technical hands on types that understand the ins and outs of an engineering company and the technology and processes that make it great.
Its also about morality and personal code of ethics, and what really motivates the person. Making rich people richer, or taking pride in making a great product.
So maybe we need different labels than what their college degree is.
Very well stated.
Absolutely
Rocket Lab's Peter Beck is, I think, a perfect example of someone who wasn't formally trained as an engineer who very much gets it.
Neutron Jack is the poster child for CEO-as-financial-engineer. He embraced the toxic culture of focusing on maximizing shareholder value to the exclusion of all else, fooling the greedy and willingly ignorant on Wall St. He took one of the world's top product companies and morphed it into a financial services company that had a few appendages that still make tangible products. His HR practices became legend as they devalued employees into simple commodities, essentially plug-compatible protein modules. And his widow apparently still thinks he was some kind of leadership god ...
Stupid is Stupid
The problem is, he became the model for much of American business, even today.
@@JamesDavidWalley we see the results
And without even the consideration of replugging. If a middle manager gets stuck in a turkey operation whose feathers came from before him or her, why such an automatic blame? As is cited in some honored Japanese quality control philosophies, many more problems come from systems than they do from individual people, something like 85% to 15%. I can see wiping or revamping a turkey operation, but also looking for the people within it who had valuable insights that they couldn't bring to bear for reasons not of their own fault.
I could hope to see Boeing doing a radical attitude revamp. Good HR initiatives count for something, but a good relationship with the traveling public is to be prized further.
Here is my take from the shop floor. Move the corporate headquarters back to Seattle. Sign a contract with the union that makes sense to the rank and file, the new CEO needs them in their side. A pissed off work force is a bad deal all around. Remove all of the " Just Ship It" signs and replace them with the Mechanics Creed. Go back to "Working Together" , it makes more sense. I agree with the video, having the new CEO available for 10 years, is in my opinion, necessary. Digging Boeing out of this hole is a job for years, not months. And tell Boeing shareholders to shut up. Boeing's fiduciary duty is to far more than the stock price.
Your comment is THE BEST ONE posted to date. Please keep up the good work. (For context, I'm 72, never worked for any part of Boeing or GE & never could afford stock in either company. BUT my Father was an almost life-long employee of Eastern Airlines in the Capt. Eddie Rickenbacker era when they ALL took great pride in their work. Point being, I've been around passenger aircraft, airports & airline operations for most of my life.) 💙
All segments of the business have their own hobby horses that don't make sense, and this means union labor too. Still I'd hope the union crowd understands that if Boeing does bounce back, it reflects better before America, if not before God too, on its people than if the whole affair dissolves in rancor and the Boeing name becomes a sticker for some Asian aircraft firm in a sordid, grungy city.
👍
Also make a call for Nationalization.
Do they seriously have just "just ship it posters?" I contracted at airbus's site in Broughton and all the posters were about ensuring quality, safety and customer satisfaction.
The contrast in priority is mind blowing
8:11 - Skip Better “Help” ad.
they be controversial, but they also be big. and even the proverbial blind squirrel gets acorns sometimes.
@@SeekingTheLoveThatGodMeans7648 Fraudulent more like. They are NOT a credible therapy service.
There is a competing strategy to the "fire 10%" one. In this strategy, for example, you do not necessarily fire those who have made costly mistakes, because that worker will most probably keep the company from doing that mistake again. The first strategy will usually produce big monetary successes in the short term and eventually bankrupt the company. The second will benefit the company in the long run.
By the way, the executives who implement these get-rich-fast strategies know that they will laugh all the way to the bank if they leave the company soon, and will get their friends to also make a quick billion, knowing when to run with the loot. This is possibly the most important corruption scheme of the time.
I often like to point out that when a worker at a Toyota plant pulls the Andon cord to signal a problem, not only does the assembly line potentially stop, but the manager who responds always thanks the worker for bringing attention to the problem. A lot of companies can and should learn from that.
@@lmpeters nice! You’d think this would be common sense, it’s insane
Make the quarter, make the year, bank the bonus and go find another employer before the problems you caused become obvious.
I suggest Boeing CEO and few engineers, and workers go on board the first test flight of each jet rolled out the door.
@@danbenson7587 Often it isn't the maiden flight, or even the first dozen or first hundred of a new kind of craft, where the scariest problems appear. Pilots themselves are often very much on their toes for a new model.
Oh, that is why that door plug had to be jettisoned. It was the the bottom 10 percent of door plugs.
Our company was affected by the GE debacle. Anytime you trade short-term gains at the expense of long-term stability, you set your company up for failure. GE and Boeing are great examples of this. Run your business for the long-term always.
Unfortunately, the quarterly nature of financial reporting in the US makes short-term results a big factor in gauging CEO "success".
@@Planeviz this is a fundamental flaw in American business culture and it's a big reason why China is eating our lunch.
@@Planeviz wrong way to do things
@@Planeviz I worked for most of a year in a retail company that had started decades ago with a noble ethical and moral vision that didn't put profits uber alles, but in recent years had really slacked off, and it had the CEO basking in plaudits about beating quarter after quarter. It struck me as robotic and vain.
Indeed, exactly.
Neutron Jack was so successful at living up to his name that GE no longer exists.
GE does exist, Under the Chinese, Sold for 6 Billion to Haeir .
@@AuralioCabal-nl8gi Who doesn't even need to be the best of Asian appliance operations to at least keep the status quo of quality. As irritated as 'Murricans can get at Chinese ascendancy in world prosperity, supporting a more or less Socialist society with philosophies that clash with 'Murrican, I respect Haier enough to consider just purchasing an outright Haier appliance. At least it's not hiding behind a sticker. Hey Tricky-Dick, good job!
Meaning as an appliance and electrical products firm. It still does some things.
@@SeekingTheLoveThatGodMeans7648 Haier us a respected appliance and AConditioner brand in Asia , one of their CEOs job was to fix all the bad reputation way back in the 90s and year 2×××, " No product leaves this factory unless it's perfect "
You do realize the channel you’re commenting on, right? GE does have a strong line manufacturing aircraft engines
Welch was over rated and drove GE into the ground. Boeing needs a return to the Alan Mulally management culture. Move HQ back to Seatle.
When the bean counters have more power than the bean growers, you gonna get bad beans.
never heard that line bvefore
You know what they say - Bean there, doen that...
@@thecrazyswede2495 😁👌
$33M bonus for one guy. And raises for the employees don’t even cover inflation.
Unfair world we live in
better than $55B for... you know... that one guy...
These are some of the inherent inequities of capitalism. Don't like it? Prefer a fairer system? Dump capitalism.
@MarinCipollina Mullenberg got 62.2 mln severance package for killing 346 people
@@MarinCipollina no money no funny . Mullenberg got 62 mln severance package for killing 346 people
how can it be right that a manager gets far more as a one-time bonus than a worker can earn in a lifetime???
Commie
@@sqwk2559 utter nonsense!
Because those ‘managers’ have designed their system to do just that: get rich quick, while not taking up responsibilities.
At least in theory...
- The ceo of companies that scale is basically living that job - whereas the worker has time off to cultivate his hobbies.
- The skillset for it is in low supply, and high demand.
- The compensation corresponds to the value a good CEO brings to the company.
but when even the obvious failures get that kind of bonus, something's off.
It's logical from the extreme worship of capital, but whether it's right is quite another question!
This is crazy. Boeing was doing VERY well following the original philosophy of engineering great planes that relied on its technical staff to provide leadership and populate all its senior management positions including the top guy. Thigns went south after merger/takeover by McDonnel Douiglas pirates. Unless these pirates are thrown out along with their short term thinking, Boing's decline into eventual oblivion cannot be stopped. It does not matter who is made the CEO. I do not know how this can be accomplishe, but it has to be done. You are falling in the trap of thinking that a new CEO can provide long term stability. This is wrong headed. What is needed is a urgent and major shake up in the company. The MaDonnel-Douglas pirates need to be swept out along with every rule that is based on their philosophy.
8:11 It’s called a “golden parachute.” It’s how we reward failure here in the USA, but only if you’re already rich.
The fact that a CEO signing a contract with a labor union that makes the union workers happy would be seen as "unsuccessful" says all you really need to know about the relationship between corporations and unions in the US. That relationship does not need to be adversarial.
And really, if Boeing is serious about turning around their company, they should look to embrace all of the labor union's demands. That would go a long way towards demonstrating to their workers that the previous workplace culture where reporting problems got them in trouble is gone. That and cleaning house in HR - which also desperately needs to happen. You do not get a workplace culture like that without a complicit HR department.
And they should also look to hire someone from the NTSB to put in charge of safety management/compliance at the very least. And I mean full time hiring, not the part-time nonsense they had with FAA regulators. And that person from the NTSB should be someone who was previously well known for being a stickler for safety, and not someone with previous ties to Boeing or airplane manufacturing.
both sides need to find an acceptable middle which will still make an attitude revamp possible. it's of both union and management in America to shoot for the moon, when really the treetops (ok, aircraft cruising altitudes) would satisfy reasonable people who aren't locked in mutual warfare.
Most of HR was outsourced a few years back.
@@northwesttravels7234 unfortunately to hugely incompetent vendors... As well as the scheduling, to the same incompetent vendors. I'm not saying I could do it better, but it's not my job so what I can do doesn't count.
@@northwesttravels7234 That actually explains a lot. It means they're not connected to their fellow workers in any way, which makes it that much easier to dismiss them as "numbers on a page."
@@SeekingTheLoveThatGodMeans7648 You do realize that unions want the companies they work for to be successful, right? After all, if the company goes under, they're unemployed. They have a vested interest in making sure the company succeeds.
Unions very rarely make "unreasonable" demands. They calculate their demands very carefully and with the fact that negotiations will happen in mind. Most of the time, the "unreasonable" demands that ppl talk about on the news are just basic safety protections or reasonable pay raises after a long time of either pay freezes or pay cuts - and pay raises that companies can almost always afford. But it would slightly cut into their profit margins and the amount they pay out to shareholders (or to executives in bonuses). Gods forbid the executives have to have slightly smaller bonuses or the shareholders get slightly smaller returns. 🙄
I think the ideal situation is to find someone who trained under Alan Mulally at Ford
That could be an idea
The problem with firing the bottom 10 percent is that its like doing a increasingly harder and harder diet. Just imagine eating 10 percent less in every month. If you are overweight it will make wonders to your body you will lose a lot of weight in the first year. And everybody will say you are so successful in your diet but than in the second year you will start to starve to death slowly and painfully. The same happened to Boeing.
The ones labeled bottom 10% may be the ones who expressed concerns about problems or were not enthusiastic cheerleaders of the dogma.
It appears that humility and character are prerequisite for leadership.
Note to self from former Boeing CEO Bill Allen:
1) Be considerate of my associate’s views
2) Don’t talk to much, let others talk
3) Make a sincere effort to understand labour’s viewpoint
4) Develop a (postwar) future for Boeing
AND the fact that Bill Allen DIDN'T fire Tex Johnston for... and I quote... "Selling aeroplanes."
True, not everyone agrees that Jack Welsh was dark Emperor Palpatine. Some think he was Thanos.
Thanos wasn't wrong tho
@@taxirob2248 No, YOU are wrong.
@@arnaudgerard1971 Taxirob thinks he's in the surviving 50%.
@@NormAppleton well I'm HERE, aren't I?
@@taxirob2248 Where, are you and what's the point?
One of the best documentaries you have done. You have become a good airline analyst, a lot more than all the great flying stuff.
Who sees this stuff daily more than pilots, anyhow?
How hard is it to background check your advertisers before signing a contract?
Back in the early 2000s Boeing began a program called Employee Involvement, this program created teams in various sectors and empowered them to create lists of issues that effected their areas and let these employees work together to solve these issues. This program allowed employees who were most effective to rise to the top of their fields to improve productivity, performance, and efficiency. This program was very successful in reducing the cost and increase the quality of their products as well as highlighting their best practices and people. If they could get back on this track it would go a long way towards their success.
Too late now
I recall it being called "Engagement.". But our clerk misspelled it as " En-GAG-ment and it stuck.
This is what happens when quarterly profits are prioritized over the long-term success of the industry and even the long-term success of the business. We've seen time and time again, when a "business person' is put in charge of an engineering firm, the firm inevitable starts circling the drain.
like scotty says, ye canna' change the laws of physics... everything an aircraft does has to go before the figurative court of that law every time it flies! and if it's not ready, then, well....
Calhoun should have no say in his replacement. Pope should stay as head of Boeing Commercial Airplanes, while an outsider takes over the company. If she fixes BCA, she would be in a good position to be the next CEO of Boeing.
My cat who sleeps all day would make a better CEO than Dave
My selection criteria? Screen all potential hires on their attitude toward Jack Welch's business practices. If they liked what he said, put them on the no hire list. Extra points for someone who wants to move Boeing's headquarters back to Seattle.
This would gain boeing a discrimination lawsuit and increased labor costs, for?
@@richhoyle1254 anyone can sue; getting a judgment in your favor is something different. and if cheaping out is a problem, the solution is going to need sacrifices. this is not about politics, which is protected; this is about business philosophies.
@@SeekingTheLoveThatGodMeans7648 youre right its about business philosophy. Only thing you didnt explain is how is it advantagous for them to move hq back to Seattle?
You want someone who understands enough about Engineering to know when someone is BSing them, but isn't completely absorbed in the Engineering mindset which can be VERY tunnel vision. Software Engineers make bad decisions around UI all the time because its incomprehensible to them that someone won't understand what an obscure poorly worded error message really means. Because it makes perfect sense to them.
As a UX designer, I can't agree more.
@@georgew2014 Then there are the esthetical designers, art directors and (beep), concentrating on how goodlooking it looks to the designer... One designer I knew decided that to look good, the screen should be structured in two columns. The left one, left centered, and the right one, right centered. The result was that the text "enter your data, and then press the button", was at the extreme left of the screen, and the button was at the extreme right of the screen. (At the time, it was not yet popular to do everything on a screen the size of my hand. Full size were used.) When I read that text I realized that where the tourist trap street is the button. Eventually, after a lot of hard work, I located it, at the extreme right. Of course I reported that as a bug. For some strange reason, nobody loved me the more for it. Poor end users!
dude hes been sponsoring betterhelp for atleast 5 months and more than 15 vids this aint even a contract no more
Just ignore it. TH-cam and podcast sponsorships are almost always garbage but they pay the bills.
@@NormAppleton No way this can be ignored.
1) Change the motto back
2) Move HQ back to its original location
3) Re-acquire a divested manufacturing arm
Progress!
turning back regression be like that
Remove the McD graphic from the name.
The real question is which will be the next whistle blower to die?
The real question is which will be the next BetterHelp user to die?
@@gioiazucchero well they literally help you die so what do you expect fool
@@patfre The Uber of therapy, lol.
@@nitehawk86 never fear, take a Lyft instead
@@nitehawk86 Uber drivers...can actually drive, though. 💀
The fact that a couple of the people on the Boeing board sit as executives at other companies is disturbing and disgusting. It goes to show how exclusionary the top positions are at the world’s largest corporations. That’s something that first needs to be fixed. If you get fired as a CEO you just collect your millions in parachute payments and then go back to one of your 3 other board positions to collect more millions…absurd.
Beyond normal practice. This is how it works
In the engineering parlance, going to the dark side means forgetting everything you learned (aka going full MBA). That would be taking short-term gains over lives.
if I was the Boeing CEO, I would come to the bargaining table with an offer to restore ALL of the concessions they were forced into in the last negotiation, and then increase compensation by AT LEAST the amount of inflation, over the contract before the last one. I would also start a clean sheet initiative for an 8N8 series of planes to be developed over the next 50 years, starting with the 838.
Why not call it 808?
@@MentourNow I'm debating between two thoughts - one is to have the new generation match the 7 series in size and performance, to the 838 would be the replacement for the 737, and the other is to redo the model numbering, so the 808 would be the smallest model and the 898 would be the new queen of the skies. I'm leaning towards the former option, just as a tribute to the original development - so 838 would be the successor to the 737.
Shouldn't they make a 797 first? (Just to absolutely complete the series.)
@malcolm20091000 too late now .they ve bulil a lot of unsafe junk especially MAX series which they cannot sell
@@malcolm20091000 why make another 20th century airplane design, now?
If you are ever in the Greater Seattle-Tacoma area, I would HIGHLY suggest that you visit the Boeing "Museum of Flight" located of Highway 99 (Pacific Highway) in south Seattle!
Enjoy a guided tour (especially the history origins of the Boeing Manufacturing Company) and make a couple of videos for content.
Plus, they have an exellent Gift Shop with shirts, hats, and toys for ages 3-103 years old.
Thanks for the tips!
Seems like Pat Shanahan is likely the front runner for the role. One name that came to my mind though is Alan Mulally at least as a stopgap before they can take the time to nail a good long term CEO. Although he is a bit older, he was the 777 lead and even turned steered Ford to good position during the 2008 recession.
Boeing needs a Joe Sutter: a hell of a Aerospace Engineer.
Too late
Even a reborn Kelly Johnson couldn't save Boeing now.
@@ghost307false, Boeing will be fine if they don’t choose another bean counter
@@sc1338 I'm afraid that I can't see that happening at Boeing. I have had the misfortune of working at more than a few companies where middle management was more interested in running their own little empires than they were for the overall company. In every case but one, the new CEO ended up spending all his time reading reports that didn't need to be written and attending meetings that didn't need to happen while middle management continued on their own merry way. running the company into the ground
The one instance where a new CEO fixed the problem was when the company hired a CEO who you could never find in his office because he was walking unannounced throughout the plant and could see where the empire-building was causing problems and putting an end to it. The company was saved, and more than a few managers were given their walking papers.
It can be done, but it takes a very, very special person to do it.
Let's talk about Bob Nardelli, of whom Welch was a mentor during Bob's time at GE. When Nardelli lost out in the competition for CEO of GE on Welch's retirement, Bob was immediately fired from GE and then immediately hired at Home Depot where he made numerous cost cutting steps that resulted in the severe degradation of Home Depot's customer service and retail reputation. He left Home Depot with with a payout of some $210 million as a reward for his decimation of Home Depot's customer service. I still refuse to this day to shop at Home Depot except as a last resort.
So Boeing isn't the only corporation to suffer greatly at the hands of Jack Welch or his minions.
I find it entertaining that the Guillaume Faury, CEO of AIRBUS, is both a multi-degreed engineer and 1000+ hour pilot. Now, there’s a concept: An airplane company CEO who both knows how airplanes work and how to fly them.
BETTER HELP💀💀💀 6:49
You’re not paying for his content so let him make his money. Unless you’re paying his bills you don’t have any say.
@@23omorales the FTC fined better help
He is one of the many youtubers that would sell their grandma for a quick buck. Just enjoy the show for what it is.
@BrownEyePinch they were fined for sharing private data. As if there aren't any other companies doing the same right now hahaha.
@@IKARUSBLOODYWINGS oh well that's ok then
Better question: will Boeing survive after last many dumb decisions?
Too big to fail, they'll get bailed out if they do go under. Free pass to be as incompetent as they want.
@@BlackStar2161 sometimes that big companies can bankrupt.
@@BlackStar2161 That's exactly why Boeing is the condition that it's in.
@@norbert.kiszka Boeing has military contracts.
They'll be nationalised if they go under.
Nope, they need an engineer to be CEO, just like what was said in the past. Why would they continue to use people that didn't actually build the aircraft with there own hands.
Every Boeing’s board member in the last 10 years should immediately resign if they are decent people. The total number will be zero though
It's important to understand the context in which Welch implemented his techniques at GE, versus the context of those who followed him. In the 80s and early 90s, many large businesses in the US had grown extremely bloated and complacent, and faced serious foreign competition. In a way he brought a new form of performance and accountability to large company management that was sorely needed at the time, and this extended to many other firms in the late 80s and early 90s.
By the time others emulated these techniques that were successful in the early 90s, they did so in a very different economic context, one where US firms had become much more efficient, but started to see challenges from innovators armed with new technology. And it could be argued that, by then, Welch's techniques of the 80s and 90s weren't what was needed, yet folks like McNerney, Stonecipher, Nardelli, Immelt, Bob Stevens, Chris Kubasik, Marillyn Hewson, Steve Ballmer, Carlos Brito, and many others continued to push them at exactly the wrong time. Not one of the companies these people ran has a positive culture, nor did any of them produce notable innovation under these managers.
At the same time, other American companies were learning the principles of Statistical Process Control, which W. Edwards Deming developed in the 1940s and later taught to the Japanese companies that by the 1980s were crushing their American counterparts. In general, the companies who followed the advice of Deming have fared far better than those who followed the advice of Welch.
@@lmpetersWelch implemented six sigma in the 90s, and became one of its loudest evangelists.
Probably another business person
💀
Probably a Bank
myself being an aviation freak *and* an economist, I really appreciate videos like this one 🤩👍🏽
One person who's being floated and really could make a change is Gwynne Shotwell, President and CEO of SpaceX. She's doing a fantastic job, but I don't think she wants to go rescue Boeing. I also don't think Elon Musk would let her go that easily.
I agree, she would be good, but who in their right mind would want to jump into the mess that BA is!
@@hiker395 Exactly. I don't think she wants to try to salvage that operation.
It's a wonder Welch didn't get fragged.
I think the better question is do any of these people really want the added pressure by taking on such a job.
Now having been caught up on GE's history, I now understand why I saw so many of their products being returned as defective when I worked at Home Depot in 2010 (I worked the returns register most of the time). I actually talked to one of the department heads about it - she actively steered her department away from recommending GE because GE products had a much higher defective rate than any other brand they had in their department.
On 3/22/2024. I filed a report on the disastrous 777X program with FAA Special Program Investigator
Business Operations Section (AIR-843)
System Oversight Division, Aircraft Certification Service
Mike Wisler
2 days later 3 senior members of the Boeing board of directors resigned.
I know exactly how to fix Boeing with technologies I invented, and used on the 777, and C-17 which doubled productivity, and reduced cost of C-17 parts to 1/10th. I increased productivity, reduced cost, and increased safety of the 777 to a phenomenon in the history of the aviation industry to 1800 of the 777 flying over 30 years without a single mass fatality accident to this day. My technologies apply to the whole aviation industry.
I should be the CEO of Boeing.
How about bringing in someone from Airbus?
Brilliant! And why not?
Most high level former or current Airbus executives who would fit the bill are likely not Americans, which would be an issue for one of the largest defence contractors in the US.
@@johannesgutsmiedl366 Good point. It's a stupid reason... but it's a reality. 🤔
@@bobnelsonfr Explain how the hell that’s a stupid reason.
@@brandonb6164 Presuming that someone is untrustworthy due to their nationality... is stupid.
The problem is the people who will make this decision, are the people to blame for most of these problems...why would anyone think they are capable of making a good choice?
I think this time the choice they'll go with will be more heavily scrutinized by the airlines that Petter mentioned, Boeing's board is under a microscope right now and they can't afford to lose their big airline clients.
The Airlines won't accept another Welch clone. The customers have tremendous leverage here
The airlines presumably are blackmailing the board. Blackmail can be a wonderful thing.
Agree, there is a big issue with the board mindset so not sure how can the same board appoint the right CEO for Boeing even with external pressures....
No matter an engineer or lawyer, Boeing needs someone that is motivated NOT for the money but for the airplanes and the Boeing employees and hard work. Money should not be the motivator! They have to put their love for the game first and foremost. I’m really hoping there’ll be actual progressive change! It would be such a shame if it just continued going as it is
I can see the headlines now: Spirit acquires Boeing!
Stranger things have happened.... often when a big company buy a small company with a strong culture, the smaller company ends up taking over the company culture... see also, McDonnell-Douglas!
Boeing needs to get back to their roots, and promote engineers to management positions, not MBAs.
Sorry, but this is stupid. Boeing's CEO during their glory days was a lawyer.
Running a company and building airplanes are different skill sets that rarely occur in the same person.
Like Denis Muillenburg and Jack Welch ? 😁
@johncassels3475 they were really shame. By the the Mullenberg should be in jail
Being CEO of a big company is most often just a figurehead position. Boeing's problem is structural.
Next episode: Who will take over the whistleblower assassination department?
I think an international search is warranted for this position. Perhaps Vladimir Putin would be kind enough to recommend some of the top-performing FSB officers.
@@VisibilityFoggy Yeah. I heard through the grapevine that they were going to outsource the hitman division.
@@VisibilityFoggy Compare to interpol and C.I.A Assassins please
We used a lot of GE medical equipment in 2002. There isn't a lot left today, they did not stay competitive with Philips, Siemens and others.
Given that Spirit were the ones that installed that door plug, and when Boeing complained that there was a problem, Spirit came in and painted over it and said it was fixed, hiring their CEO seems like the worst possible choice. Not to mention Airbus has also expressed dissatisfaction with parts acquired from Spirit. I hope they hire someone who truly fixes things and if they buy spirit that they fix that too. An attorney probably isn’t the worst idea, he’ll certainly have a good grasp on the ramifications of inadequately handling any construction or safety concerns.
Was waiting for this one
I hope the way was worth it!
"Safe Planes over Big Profits". (New slogan suggestion.) Of course, they'd have to keep proving that long-term.
I suggest as the core slogan for competitors:
_Better than Boeing_
@@thecrazyswede2495 Good call! That one works for competition. I'll throw in another one for Boeing: "People over Profits".
Excellent presentation of Boeing's major problems and top management historical review from various aspects along with present solutions, thanks and wish you all the best.
Look, another scam betterhep ad.
I think he has a contract. Yk something like, “For the next of your 10 videos you’ll have to mention us. Well give you $$”
So I guess he has no other choice rn…
On the contrary, you can say that the false assertion of their company has void the contract or smthg, but I ain’t no lawyer so i don’t know
It's making me lose respect for this channel...
@@threeuniquefingersI told him to stop at one point and he just said “I do my diligence when taking sponsorships, and did not find anything shady currently but I am aware of the past” it’s something like that he said so yes I think he has a contract
You have to wonder how much betterhelp is paying the channels
He loves money, scams pay good money.
Dude I love you and your vids but you have to stop with the better help adds, they are nothing but an absolute scam and it can start to undermine your credibility if you're not careful
Hi!
I am well aware if the issues that BH haves a few years back and I have confronted them about it.
If you look at the document I have linked to, in the description, you will see how they dealt with it.
@@MentourNow will always love your content man and greatly appreciate your response, you advertise some excellent stuff typically this one just caught me and some others a bit off guard I believe
Listen. I got 30 years mech and electric engineering experience in industrial construction and maintenance. I've built and rebuilt everything from 155mm howitzers in the Marine Corps to locomotive engines, jet engine stators, bakery robotics, banks, and fast food joints. I broke my neck and had surgery 4 years ago and I got nothing going on right now. Between that and just a general love for aviation and Boeing in general, I'd like to submit my name in the CEO candidate pool. And lawyers and judges and media don't scare me much 🤷♂️
Anyone else notice that the decline of good technical practice coincided almost perfectly with the invention of the MBA major in schools?
I have not made that connection 🧐
I think that Boeing is facing the fate of Mcdonald Douglous . same as DC 10 crashes due to design flaw
Boeing is bigger shit because they make planes since 100 years. It is unbelievable how they came under here
that's not what killed MD though
@@taxirob2248 it was in a way too much focus on financials not enough on building a decent product. (Arguably the opposite of Lockheed Martin/Northrop/Gruman/Avro who focussed too much on engineering and not enough on financials.)
@@tomriley5790 bingo
@@tomriley5790 Holding yourself on top is more difficult than reaching on top .
Hopefully not another ex McDonnell Douglas manager...
I like how you place both sides of the coin in perspective in your video. Thank you.
At least in energy sector, nearly everyone knows that GE use to be a company where right hand doesn't get any clue what left is doing! 🤣
The question is which president will fix the DoJ, jail greedy management that perished 346 souls in the 737 Max 8 tragedy and bring back the engineering excellence there. And also make other corporations accountable when they commit crimes 😢
They are connected to US government. That's why they get away with it
While Democrats are often feckless wimps, the GOP *never* holds executives accountable. They wholly oppose prosecution of white-collar crime. (See also: Trump.) Remember that Republicans deregulated and commercialized the FAA in the first place, putting Boeing in charge of its own safety. The GOP are far more dominated by unaccountable billionaires in oil, mining, agriculture cartels, Wall Street, and military contracting. All the industries that coincidentally raise prices under Democratic administrations.
McDonnel's corporate culture ruined Boeing's Family Cuture.
That seems to be the case, yes. But the interesting bit now is, how can they fix it?
@@MentourNowThe real question is: can Boeing even be fixed at this late date, or have they already passed the "point of no return"?
@@starguy2718it absolutely can and will be fixed. Honestly Boeing is too big to fail
The Qualcomm guy, besides the history, being also an engineer sounds very fitting. It also helps that he doesn't look as mediocre as the current Boeing management (those 3 give vibes of not being particularly bright - feels like they could have got into power through sleaze)
Wow.. what a fantastic, succinct and gripping episode you and your team have put together dear Petter.. had me riveted! You have aced story telling skills. Always looking forward to each new release from you. Best wishes for continued success. Have a absolutely fantastic day 😉
Wow, thank you!
Stephanie Pope? A bean counting MBA? Isn’t this what got Boeing here in the first place? Insanity.
I hope the new ceo can bring Boeing, back to its former roots! (ie: the time when the 767,757,747, and etc were at its f*cking peak!)
Not possible at this point and in this economy.
The 777 is one of the best aircraft on the market and produced relatively recently, but they didn’t make its amazing project leader overall CEO which showed where the culture is at. The 787 has also been a great plane. But both these projects were begun before Boeing had lost all of its soul.
Lol bullshit, the 787 was produced well after mcds had taken over. The 787 program was disastrous and is only now finally paying off. @@The_ZeroLine
@@The_ZeroLine737MAX is a lemon
Brit here, First, to make Boeing and America better, you would have to introduce laws that make company CEO's liable in relation to safety. As in Europe. Once the laws were established then you should look for the most able engineering and Aircraft knowledge, a first. Not those from finance institutions.
Well constructed assessment.
A difficulty for me is that this video has lots of names of people I don't know, regarding a job that's difficult to imagine. I've enjoyed the other videos in the series, but they have told a story I can relate to.
It is hard to tell this aspect of the story without introducing the main people with a chance of being involved. If you continue to follow the Boeing saga, you will see these same names come up again and again. This video may well prove really useful in that it has given you a succinct overview that will help understand subsequent developments. Take care!
Thank you for the comment. It's not always easy to strike a balance between what's interesting and what's important. I thought this was an important story to say, given that Boeing's future literally depends on it.
...at this point, after so many known scam ads.... As interesting as your content is, I don't buy integrity and research from someone running one betterhelp ad after the next.
Unless you’re paying his bills you really don’t have any say
@@23omorales you gotta be a betterhelp bot, youve replied to every comment calling out that scam
He is one of the many youtubers that would sell their grandma for a quick buck. Just enjoy the show for what it is.
Bringing customers into the CEO selection process is a good idea. From this video it seems that this is happening. Bringing the all the various segments of Boeing employees into the process is also a good idea. Both of these group can highlight blind spots the the board of directors have. Getting input from suppliers would also be helpful.
In the Welch's business model these are all entities that have competing interests. They were places to make and save money. Zero sum gain. They were not entities to partner with.
It should also be added that President LBJ has been credited with saying, "Figures don't lie. But liars sure do figure." Welch's management style depended on data that was too easy to manipulate and too short term.
First, and foremost, the new CEO needs to figure out a way to make labor/management work together in the same direction. I think, achievable bonuses would be the best way if some kind of agreement can be found. This is probably the most anti management union in the US. I was in a position for several years to see what the whistle blowers were complaining about that make headlines. The vast majority were really not material in any way. One claimed a lighting strike would bring down a 787 due to the carbon fiber construction. Labor needs to have a stake and also needs to be rewarded for doing a good job. This is easier said than done. The Alaska plug incident...did the installers go on break and forget a step or; I sure hope not, did someone try and make a point? This is certainly a manufacturing step that should have documentation and there may be many more. This stuff can be done with cell phone size devices these days. Labor should be rewarded for doing well but should also not be holding their employers hostage either. Currently, the result is losing business that doesn't help either.
Stephanie Pope would destroy Boeing much like Katie Farmer has done to BNSF!
Oh no, another Betterhelp sponsorship.
Petter simply doesn't care about anything but how much they pay him. He even doesn't put a pinned comment about Betterhelp anymore as he already knows that people will post replies to that post pointing out the problems of Betterhelp.
Apparently the MDC mindset affected the commercial side but the military programs at the legacy plant did very well for themselves. The senior engineering managers are as much to blame for producing flawed products if we are playing the blame game. Even engineers can go along to get along when their promotions and pensions are at stake.
.As long as the executives who could not tighten a screw properly when assembling a plane make 50 million a year and the workers that know how to tighten the screw properly make minimum wage, not living wage ( until 1990 all Boeing employees could rent their own apartment, they did not have to share with strangers), the quality will go down because the purpose of the executives is to take all the money out of the company until there is no money left to run the company.
Then, all the executives buy themselves islands and yachts, and the young workers have no jobs and the community no longer has the products/services. You might not see this in Europe because of your governance, but it is an epidemic here in the States.
Whoever is the next CEO of Boeing, I don't envy them for their task ahead. You made some good suggestion and I have some thoughts too. I like the idea of Larry Kellner as I have worked under his leadership when I was with Continental, but the age issue might hurt him. He had a great predecessor and mentor in Gordon Bethune, who really turned the company around. Stephanie Pope would also be a very good choice. She is smart, capable and is already within the Boeing structure, making the transition smoother. Patrick Shanahan is a great choice too. He has the right experience and the skills to pull the turn around off. The best solution my be something you hinted at, a three way switch. Move Stephanie Pope to CEO of Boeing, Hire Patrick Shanahan as CEO of Boeing Commercial and get someone who has a good knowledge of production process and quality from Boeing to become the new head of what will soon be Boeing Wichita. The final step might be to rid the company of any people with connections to Neutron Jack and his money focused and toxic management policies and don't let another Alan Mulally get away.
Sounds like a good plan to me!
However it is done will require repairing the culture and relationships with customers, suppliers and employees in the decade it will take them engineer a next gen successor to the 737
Why not envy them? They are gonna get fired in under a year and make millions as a bonus.
Pope is a DEI hire. She shouldn't even be at Boeing.
The last thing the image of Boeing needs right now is the election of a female leader. Even if she is an excellent leader, people will think she is a 'woke' choice to please the higher ups instead of the people.
remove betterhelp
Most therapy are scams
Competitor?
@@player1GR Well yes, I can also provide doubious mental health advice for an exrtorbitant price.
Worked for GE, twice although second time was by accident. They had a reputation a very funky accounting practices and even worse accompany that would buy other businesses and proceeded to ruin them.
Speaking of G.E. this photo shoot didn't end well ... "On 8 June 1966, XB-70A No. 2 was in close formation with four other aircraft (an F-4 Phantom, an F-5, a T-38 Talon, and an F-104 Starfighter) for a photoshoot at the behest of General Electric, manufacturer of the engines of all five aircraft. A sixth aircraft, a Learjet 23, had been contracted by General Electric to photograph the formation." Search for the whole at Wikipedia...
I want to watch this, but I'm not going to watch anything with betterhelp as a sponsor.