, 9 tweets, 2 min read Read on Twitter
Everything you need to know about Boeing is that the company moved its headquarters from the Seattle area to Chicago entirely to avoid executives having to be near the impact of decisions they made. It was rumored that they found it awkward at social events.
There was no financial justification for it. Boeing has hated unions forever and tried to break them. Moving away from Seattle was another tool in distancing the company from its production and seeing and experiencing the consequences of its actions.
After moving to Chicago in 2001, Boeing began planning the 787. While the resulting plane was ultimately amazing, an endless series of bad decision making, largely around a lack of oversight among manufacturing partners worldwide, means the model will never make money.
Every 787 sold today reduces the debt built up to make it, including the massive costs of avoidable errors and resulting delays. The entire program is effectively a jobs program now. They can’t stop making the planes because they remain so many billions in the hole.
Meanwhile, the CEO who so brilliantly moved to Chicago, shedding employees and expertise of those who didn’t want to make the move, was forced out just two years after the move. In 2003, he was forced to resign over an ethics issue.
His replacement, Harry Stonecipher, resigned about 16 months later for violating corporate policy. He had a so-called consensual affair with an employee. (Stonecipher was married, and his wife of 50 years divorced him immediately after the affair became public.)
Then in 2013, Boeing conned state officials in Washington into granting $9 billion in tax incentives, the largest package in US history. Not long after, Boeing shed Washington jobs and located a new production line in North Carolina, an anti-union state.
I’m not even getting into Boeing’s union-busting and self-defeating labor behaviors, which it never really wins at. They keep moving labor to states in which they pay people less and block unions, and then find problems that dramatically increase costs, erasing labor savings.
Boeing is not a company that plays straight or has anything like a consistent ethical stance nor good engineering judgment at the executive level.
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