Capitalism Rewards Failure March 26, 2024 at 8:05 am
How much is it costing Boeing for their early retirement?
Man I sure wish I could royally screw up and make bank doing it. Guess if it worked that way for all the people who actually work for a living, nothing would exist, huh? But God forbid a worker need food stamps, or they’re a leech. This CEO though, captain of industry. Just works harder and smarter than the rest of us!
I could point out that Trump rolled back industry safeguards and basically allowed the airline industry to inspect themselves. I think we are seeing the end result of that right now with Boeing, plus Boeing decided that it was more important to keep their shareholders happy and began cutting corners. Who cares about safety? It’s only a mass transportation vehicle they produce–what could possibly go wrong? This is the typical CEO mentality these days–let’s cut costs to the freaking core while raising our income levels to ensure we can afford that 2nd or 3rd yacht. Most of the Corporate suite types have no actual experience doing the work or even a remote understanding of their own companies. All they know is cut, cut, cut and reward the shareholders and themselves. Deregulation is also an issue and thanks to Trump’s sham of a presidency, airlines aren’t the only industry making gambles with people’s lives now they no longer have to put up with trifle concerns like inspections/safety.
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How much is it costing Boeing for their early retirement?
Man I sure wish I could royally screw up and make bank doing it. Guess if it worked that way for all the people who actually work for a living, nothing would exist, huh? But God forbid a worker need food stamps, or they’re a leech. This CEO though, captain of industry. Just works harder and smarter than the rest of us!
I could point out that Trump rolled back industry safeguards and basically allowed the airline industry to inspect themselves. I think we are seeing the end result of that right now with Boeing, plus Boeing decided that it was more important to keep their shareholders happy and began cutting corners. Who cares about safety? It’s only a mass transportation vehicle they produce–what could possibly go wrong? This is the typical CEO mentality these days–let’s cut costs to the freaking core while raising our income levels to ensure we can afford that 2nd or 3rd yacht. Most of the Corporate suite types have no actual experience doing the work or even a remote understanding of their own companies. All they know is cut, cut, cut and reward the shareholders and themselves. Deregulation is also an issue and thanks to Trump’s sham of a presidency, airlines aren’t the only industry making gambles with people’s lives now they no longer have to put up with trifle concerns like inspections/safety.