6 ms·
Was it profitable for Boeing to cut corners?
by formercoder 7y ago
Was it profitable for Boeing to cut corners?
- stallmanite 7y agoIt was ‘til it wasn’t.
- snovv_crash 7y agoIt was for the execs for 20 years.
- ailideex 7y agoThere is being prudent and then there is being negligent - I think people conflate them. I don't think there is any publicly traded company that does not care about profit - Boeing is not somehow unique in this. If the profit is competently pursued then you won't jeopardise safety beyond a certain point though - because that will in the long term impact profits and shareholders who appoint execs are not benefited by reduction in long term profits and therefore the value of the company.
- formercoder 7y agoQuite the contrary, they are bound by fiduciary duty. Short term profits for long term disaster breaches that responsibility.