How Boeing Lost Its Way

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  • Опубліковано 27 вер 2024
  • Boeing is an American institution. But one year after the grounding of the 737 Max, the company's stock has fallen by almost 50% and its future is anything but certain. So what were Boeing's failures in the aftermath of two tragedies in which the flawed plane crashed, killing 346 people, and can Boeing regain its elite status in U.S. aviation once more?
    #Boeing #Aviation #Transportation
    The Breakdown showcases rise-and-fall stories from the modern business world, told through the lens of Bloomberg reporting. Episodes look at what contributed to not only the success of a business or organization, but also the turning point at which the fall began. Prior stories covered include the NRA, Hertz, WeWork, Boeing, Kodack and many more. See the full series: • The Breakdown
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КОМЕНТАРІ • 3,7 тис.

  • @business
    @business  3 роки тому +59

    We have some exciting news! We’re launching channel Memberships for just $0.99 a month. You’ll get access to members-only posts and videos, live Q&As with Bloomberg reporters, business trivia, badges, emojis and more.
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    • @maloyo7901
      @maloyo7901 3 роки тому +8

      I wondered why there was so many commercials in the first half of this video. Now I know.

    • @MrWarthog
      @MrWarthog 3 роки тому

      Dragon

    • @mudeltabeta
      @mudeltabeta Рік тому

      ​@@maloyo7901333 13:12 😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊

  • @awannagannaful
    @awannagannaful 3 роки тому +2432

    It's pretty simple: an engineering company cannot be run by accountants.

    • @tonyduncan9852
      @tonyduncan9852 3 роки тому +115

      Nor can the United States be run by its politicians and accountants. They are intrinsically corrupt.

    • @syedmuhammadtaha2148
      @syedmuhammadtaha2148 3 роки тому +15

      Elon Musk was right !

    • @michaelhunt4445
      @michaelhunt4445 3 роки тому +50

      Not only engineering companies. Accountants have ruined a few companies here in the UK because of greed.

    • @Comexcyc849
      @Comexcyc849 3 роки тому +38

      yes every great company losts its spirit when wall street take over

    • @haroldomiyaura912
      @haroldomiyaura912 3 роки тому +3

      @@Comexcyc849 true

  • @sprogg2001
    @sprogg2001 4 роки тому +2140

    This is what happens when you replace CEOs with engineering backgrounds, and 100 years of engineering excellence, with Accounting and equity CEO's, outsourcing and stock buybacks.

    • @farcticox1409
      @farcticox1409 4 роки тому +44

      sad thing is Muilenburg has a bachelor's degree in Aerospace Engineering and a master's degree in Aeronautics and Astronautics

    • @eganburg
      @eganburg 4 роки тому +103

      @@farcticox1409 the decision to upgrade the 737 to 737 MAX instead of developing a new model was the CEO before him, the non-engineer one.

    • @mltiago
      @mltiago 4 роки тому +22

      This is what happens when neo-liberals take control.

    • @patriot-wf1er
      @patriot-wf1er 3 роки тому +1

      @Karen Patterson that one hit hard! Your absolutely right!

    • @SuperCowboys16
      @SuperCowboys16 3 роки тому

      @Paulo Eclectik 😂😂😭

  • @yuanhu6031
    @yuanhu6031 8 місяців тому +352

    Who is here after Alaska's 737max-9 door incident?

  • @derrickwright5948
    @derrickwright5948 4 роки тому +3250

    Boeing is learning a hard lesson. Profits before safety = no profits.

    • @dummgelauft
      @dummgelauft 4 роки тому +249

      They will learn exactly NOTHING.

    • @tjking1909
      @tjking1909 4 роки тому +86

      As soon as this blows over they will be right back where they were.

    • @ogc9649
      @ogc9649 4 роки тому +8

      dummgelauft actually I think this is a wake up call and they will come out on top long term.

    • @schrodingerscat3912
      @schrodingerscat3912 4 роки тому +39

      money is valued more than human life

    • @mytech6779
      @mytech6779 4 роки тому +13

      @FoxIslanderSteve Wall street doesn't even benefit, just stupid contract writing that allows execs screw over everybody on all sides.

  • @spacecadet35
    @spacecadet35 4 роки тому +753

    The big problem was the managers thought that they knew more about engineering than engineers. Modern management works on the principle that management is the prime asset of a company and the workers are an expense, when in reality the workers are the prime asset of a company and the management team is the expense.

    • @MikhailFromUSA
      @MikhailFromUSA 4 роки тому +20

      Yes especially CEO is a waste

    • @MEATYOKERRable
      @MEATYOKERRable 4 роки тому +6

      If China's commercial industry launches, eclipsing Boeing.... that would be in some twisted way poetic justice.

    • @matthewringel4909
      @matthewringel4909 4 роки тому +1

      @@zombyanteetoutza418 but then random innocent people die in the hundreds...

    • @HONDAMeskin123
      @HONDAMeskin123 4 роки тому +1

      Exactly

    • @bob15479
      @bob15479 4 роки тому

      spacecadet35 or, you know, they’re both important members of the team 🙄

  • @Jdalio5
    @Jdalio5 4 роки тому +2174

    This is what happens when the accounting department designs an airplane.

    • @odette4059
      @odette4059 4 роки тому +1

      smart username bro

    • @MrPuertorico85
      @MrPuertorico85 4 роки тому +35

      Welcome to the modern world. Remember everything has to make "Cents"

    • @MrPuertorico85
      @MrPuertorico85 4 роки тому +2

      @@ishid_anfarded_king because they didn't know that the final product would fail. With modern companies they "Streamline" the building process and hope that the cuts will save them money , while creating a great product. but sometimes they streamline so much that it effects the final product

    • @zacksnyder4082
      @zacksnyder4082 4 роки тому +5

      I mean, for accountants they made a pretty nice plane.

    • @rabidbigdog
      @rabidbigdog 3 роки тому +11

      Not to entirely disagree, but did the accountants tell the software engineers to design software that ignored an available second angle-of-attack sensor?

  • @cskvision
    @cskvision 4 роки тому +2383

    MCAS = Money Comes Above Safety

    • @toetz4491
      @toetz4491 4 роки тому +231

      May Crash Anytime Soon

    • @GirishVenkatachalam
      @GirishVenkatachalam 4 роки тому +9

      😊

    • @lenguyen1967
      @lenguyen1967 4 роки тому +65

      it can also be: Max Can't Air Safely

    • @eh4822
      @eh4822 4 роки тому +6

      It would make more sense to say money before safety, otherwise it sounds like money is secondary to safety which doesnt seem like what you were going for

    • @Col.J.N.W.SinghKhandala
      @Col.J.N.W.SinghKhandala 4 роки тому +5

      😁😊😀

  • @nonelost1
    @nonelost1 4 роки тому +187

    My dad, Cliff Curtis, was at Boeing for 36 years, with an 11 year hiatus to go into his own law practice. He worked both in engineering and legal capacities as he had both an engineering and a law degree (as well as a business degree). Hence I called him "Mr 3 degrees". At his retirement party in 2012, we viewed a DVD called "Cliff Notes", a series of memorable memos that he posted through the years to fellow employees. It also included footage of him in a meeting, where he stated in his classic understated non-dramatic style, "Inevitably, there will be downstream costs to pay" (TRANSLATION: "Planes will crash."). I was never quite sure of the context. But after seeing this video, I'm even more convinced he was referring to the cultural change from engineering excellence to cutting corners.

    • @Doriesep6622
      @Doriesep6622 3 роки тому +1

      Why didn't he speak up and go to the press? And I bet you have enjoyed a wonderful lifestyle and education because of his silence.

    • @menooby2653
      @menooby2653 3 роки тому +21

      @@Doriesep6622 that's quite a serious accusation. Perhaps he only had a hunch and no proof, also imagine going against very powerful people...

    • @tomvera2589
      @tomvera2589 2 роки тому +3

      Props to your dad , he was an amazing man.

    • @bommareddybrijendrareddy9301
      @bommareddybrijendrareddy9301 2 роки тому +3

      Very interesting read👌🏻

    • @rohithparashivamurthy3268
      @rohithparashivamurthy3268 2 роки тому +3

      Very cool dude, indeed!

  • @OmarDelawar
    @OmarDelawar 4 роки тому +263

    *"As long as greed is stronger than compassion, there will always be suffering"*
    ~Rusty Eric

    • @patriot-wf1er
      @patriot-wf1er 3 роки тому +5

      Thats our government they get rich and we have to suffer through it.

    • @egpetridis
      @egpetridis 3 роки тому

      Rusty who? What has he accomplished?

    • @kirilmihaylov1934
      @kirilmihaylov1934 3 роки тому

      @@egpetridis shut up

  • @ChrisParayno
    @ChrisParayno 4 роки тому +158

    Having worked for Boeing, there was a significant shift once Mullaly left. Mullaly was an engineer and knew the products. The CEO's and Commercial presidents were bean counters. Right before I left, there was significant shift in hiring more administration than engineers. Very top heavy company for no apparent reason.

    • @dynamo1796
      @dynamo1796 Рік тому

      Airbus all the way!

    • @_BusterHighmen
      @_BusterHighmen 8 місяців тому

      I always liked Phil Condit

    • @lewisaveryfiler7087
      @lewisaveryfiler7087 3 місяці тому

      @@_BusterHighmen One would be well served to re-think that. Phil Condit "drank the kool-aid and was a huge part (among many others and many other factors) of the demise of Boeing.

  • @crustyoldfart
    @crustyoldfart 4 роки тому +84

    It's been my experience as a practicing design engineer that it is almost axiomatic that when the bean counters take over management of a successful high-tech company that is the beginning of the end for the company.

    • @joe18425
      @joe18425 3 роки тому

      Did you work in aerospace industry ?

    • @melanotictus
      @melanotictus 2 роки тому

      totally, another example: Intel

    • @dbclass4075
      @dbclass4075 2 роки тому +1

      @@melanotictus Another example: McDonnel Douglas. Merged with Boeing in 1st of August 1967.

  • @ThompterSHunson
    @ThompterSHunson 4 роки тому +1533

    _"Designed by clowns, overseen by monkies"_ It would be funny if people haven't actually died in the result of this.

    • @JustMe-vk4fn
      @JustMe-vk4fn 4 роки тому +27

      "Designed by clowns, overseen by monkies".....AND aided and abetted by our OWN government.
      I wonder where all the $$$ for the head of the F.A.A. and all the people who work within the F.A.A. comes from??? Who supplies their desks and office space? Who pays for their travel? Their gear? Oh! TAX-payer funds supply all the $$$$. I see. Not getting much for our investment, are we.

    • @kirilmihaylov1934
      @kirilmihaylov1934 4 роки тому +13

      @@JustMe-vk4fn everybody knows that . FAA is governed by companies like Boeing

    • @orlandoburgos9190
      @orlandoburgos9190 4 роки тому +3

      Nah I still think it’s funny that people still think that the government can do something. The truth is that they can not.

    • @None-zc5vg
      @None-zc5vg 4 роки тому +8

      @@kirilmihaylov1934 All these regulatory bodies have no real power: they're politically reined-in by the interests that they are supposed to oversee.

    • @iguiste23
      @iguiste23 4 роки тому +1

      @@orlandoburgos9190 They. Can they just cannot be bothered. Imagine a leader doing the right thing on tv- That'd be a miracle.

  • @alanmacification
    @alanmacification 4 роки тому +390

    When an engineering company gets turned into a sales company...

  • @Diego-tm3dj
    @Diego-tm3dj 8 місяців тому +23

    Today lost a door in Alaska and almost killed all.

    • @greglane3978
      @greglane3978 8 місяців тому +2

      Combine that with the DEI hiring at United at your chances of surviving a flight are bad.
      United just had a DEI hire that set the flaps to the wrong position. The "actual" pilot saved the day by pulling the plane out of the dive at the last minute.
      Fairly sure nothing happened to the DEI hire.

  • @gelasio88
    @gelasio88 4 роки тому +319

    aljazeera called it years ago. They cut corners on safety, they even had employees on camera saying they wouldn't fly in it.

    • @excellenceka
      @excellenceka 4 роки тому +49

      Al Jazeera is a really underappreciated news network, along with RT. You'll never hear this kinda stuff in advance on Fox, CNN, MSNBC, etc

    • @gbsccfig
      @gbsccfig 4 роки тому +32

      @@excellenceka I completely agree. Some of the fairest and unbiased reporting that I've read comes from Al Jazeera.

    • @mitjafreddie
      @mitjafreddie 4 роки тому +8

      @@excellenceka Yes you won't, because it's bullshit. AlJazeera docu was about 787 and they pulled it cause it didn't reach required journalistic standards. Aviation experts all over the world openly ridiculed that documentary, as they should. It was meant as a bargaining tool to lower the price of 787s to Qatar.

    • @mangos2888
      @mangos2888 4 роки тому +2

      Arved Ludwig Al Jazeera is not a Russian news organization and they are very candid about their funding sources. Get off the Faux

    • @mangos2888
      @mangos2888 4 роки тому

      Mitja Irsic Share your sources. Interesting proposition...

  • @matt8863
    @matt8863 4 роки тому +897

    Boeing didn't lose its way...American schools of business and management did.

    • @lozoft9
      @lozoft9 4 роки тому +79

      @Sam S Who do you think created those buffoons? American business culture is rife with these kinds of people. Why do you think every single major American company does stock buybacks? Why do these companies rarely reinvest their profits in their employees anymore?

    • @burtonl7239
      @burtonl7239 4 роки тому +2

      Really? What changed in business studies?

    • @matt8863
      @matt8863 4 роки тому +52

      @@burtonl7239 Business schools have abandoned their roles as independent academic institutions, instead serving as “cheerleaders” to American corporations in the hopes of securing donations and access. It is difficult for any business school professors, to stay objective about the ideas behind a position, if the person who holds those ideas is funding you...The business school world has successfully convinced itself that business ethics is its own thing. Oh how about that "hippocratic" oath for MBA students? A joke actually.

    • @davidemmyg
      @davidemmyg 4 роки тому +23

      Every major corporation and billionaires fund universities in some or the other way. The University I did my masters in I was told that the syllabus at the business school was changed by the donations and a thinktank specifically established for that purpose by the koch brothers

    • @jcole3217
      @jcole3217 4 роки тому +13

      There should be a limit to just how much money a man can make! When you can buy politicians or see to it your man or woman is put in certain political offices, or buy judges, Police, or influence what is taught in colleges you have to much money and that will just about always guarantee you don't have to play by the same rules as your every day Joe does, you and your family will never have to play fair and this is how being able to make any amount money will corrupt just about any man! Now you can disagree all you want but the fact is money is power and they BOTH corrupt when it becomes unlimited! There has to be a limit to just how much any man can make! If a man is making all that money, why not share that with all the people below him, the real backbone of the company like the single mothers and dads working from paycheck to paycheck while the top enjoys the fruits of the bottoms labor! We need BIG change in the way the wealth is divided in this country and it needs to start with a set limit on just how much is too much!

  • @phoenixxena8194
    @phoenixxena8194 3 роки тому +433

    I am Indonesian who lives in Singapore, and I traveled back and forth between Indonesia and Singapore like once every 2~3 months. After the accident in 2018, I add new routine to my booking process, checking what type of the aircraft for that flight. I will only book if it is airbus plane. Once someone/something destroy my trust, it would be hard for me to trust again.

    • @kirilmihaylov1934
      @kirilmihaylov1934 3 роки тому +37

      And it should be that way

    • @Ealsante
      @Ealsante 3 роки тому +41

      I mean, it's perfectly reasonable when the potential consequences are so horrible.

    • @Embargoman
      @Embargoman 2 роки тому +24

      Airbus = Toyota of Airplanes

    • @hmjs13
      @hmjs13 2 роки тому +24

      @@Embargoman would rather travel using a reliable Toyota than a flying coffin ⚰️ named Boeing.

    • @Embargoman
      @Embargoman 2 роки тому +11

      @@hmjs13 And Airbus is like a flying Toyota now, this means that Boeing sooner or later is looking towards it’s grave.

  • @billyboy9675
    @billyboy9675 4 роки тому +485

    GE, GM, IBM, Chrysler now Boeing. Maybe some of the B-school professors can teach something different other than profit at any cost....

    • @darugdawg2453
      @darugdawg2453 4 роки тому +36

      They should teach history

    • @MegaBanne
      @MegaBanne 4 роки тому +64

      This is the legacy of Milton Friedman. A market where the companies care only about the stock holders.

    • @abyteuser6297
      @abyteuser6297 4 роки тому +13

      TESLA, SPACEX there is a way

    • @emranhossain893
      @emranhossain893 4 роки тому +38

      CEO's only care about their short term bonuses. They don't care what happens to the company in long run.

    • @boby115
      @boby115 4 роки тому +32

      The problem is the B School professors know nothing about engineering and the engineers that go to B School get brainwashed. There's a difference between a manufacturer that makes widgets and one`s that makes aircraft, electric infrastructure, gas infrastructure, skyscrapers and ect.

  • @k2477-o3n
    @k2477-o3n 8 місяців тому +15

    Boeing lost its way when it put a businessman in charge of an aviation company. It decided shareholders were more important than safety.

  • @impylse
    @impylse 4 роки тому +515

    they lost alot more than their way.

  • @stavrosk.2868
    @stavrosk.2868 3 роки тому +18

    I am European and I root for Airbus, obviously, but I hope that Boeing will find back to its core values as an engineering company that for so many years produced fine, reliable planes. Outsourcing production càn work just fine, look at Airbus, but please keep the bean counters away from the factory floor. Strong real competition will drive manufacturers to produce better planes. Airbus and Boeing need each other.

  • @duped999
    @duped999 4 роки тому +39

    I worked at Boeing Commercial for a number of years as a design engineer. I worked with some of the most learned aeronautical engineers that I have ever known but the business management was the worst that I have ever witnessed. Why you might ask? Well simply because the company gave no respect to the very engineers that wanted to use their expertise to design safe aircraft. We were all treated like a commodity, to buy or to sell at will. And there was nothing that anyone could ever do about it.
    Today I value the time I spent working with my colleagues more than I do than the time spent working for a company for which I once held great respect.

    • @_BusterHighmen
      @_BusterHighmen 8 місяців тому

      You worked at BCA? In Wash or Cal?

  • @ottomeyerzuschwabedissen2491
    @ottomeyerzuschwabedissen2491 4 роки тому +123

    A prime example of corporate culture in many big firms nowadays: little innovation, stock buybacks, mediocore products, layoffs, little competition, lots of M&A activity,
    huge profits, politically well-connected. We really need to think about how to inject more dynamism into capitalism again.

    • @nutzeeer
      @nutzeeer 4 роки тому

      Bot boeing has had competition..
      Airbus?

    • @blackearl7891
      @blackearl7891 4 роки тому +5

      @@nutzeeer it's more a duopoly. They compete to an extent but not enough to rock the boat.

    • @dboatright2497
      @dboatright2497 4 роки тому +6

      Easy, we let them fail. No more bailouts.

  • @frankhynd885
    @frankhynd885 8 місяців тому +9

    Boeing and General Electric have both lost their way when general management decided aeronautical or product engineering was out and financial engineering and greed was in.

    • @DaniLaVani
      @DaniLaVani 8 місяців тому

      true

    • @greglane3978
      @greglane3978 8 місяців тому

      Yep, Everyone said how great Welch was at GE. Well we all see the end result now. Boeing will be the same in the end.

    • @lewisaveryfiler7087
      @lewisaveryfiler7087 3 місяці тому

      All thanks to "Neutron" Jack Welsh.

  • @johnm188
    @johnm188 4 роки тому +638

    Steve Jobs said it best in an interview after he was ousted as CEO of Apple. Sales people start to get promoted in successful companies. The genius that got the company to where it's at starts to get rotted out and the mindset of the company changes toward sales and profit. Boeing couldn't be a more perfect example of this.
    Jobs interview - ua-cam.com/video/NlBjNmXvqIM/v-deo.html

    • @neilnelson7603
      @neilnelson7603 4 роки тому +13

      True. Everybody should stay in their lane.

    • @CMDRSweeper
      @CMDRSweeper 4 роки тому +52

      Not really, what made Boeing lose its way was more the roots from the 90s.
      McDonnell Douglas essentially bought Boeing with their own money, or you can think of the parasite that gets eaten but ends up taking control afterwards.
      And the reason this happened was because after the merger with McDonnell Douglas, a lot of THEIR CEO's got high positions in Boeing.
      And McDonnell Douglas was very much against new designs and rather making rehashes and thinking of money and profits, so the downfall started there.

    • @winstono251
      @winstono251 4 роки тому +5

      Very true for sure in this case . Sad .

    • @alekseysoldatenkov5675
      @alekseysoldatenkov5675 4 роки тому +9

      Exactly, and having a Board member since 2009 now at the helm is only going to lead to more of the same results. Damn, I wish Elon had time for planes.

    • @JohnnyThund3r
      @JohnnyThund3r 4 роки тому +6

      @@alekseysoldatenkov5675 Would be best if a company like Lockheed teamed up with Tesla to produce electric airlines.

  • @iolio1
    @iolio1 4 роки тому +245

    Half the amount of MBA's in leadership positions, fill them with engineers.

    • @andrewd6438
      @andrewd6438 4 роки тому +18

      Sad part is that most of those MBAs are engineering undergrads. Its a company culture problem. Its not just the expertise of who they hire its their personality and morals too

    • @simonnielsen6023
      @simonnielsen6023 4 роки тому +8

      As a future Mba, it pains me to see how much MBA´s often ruins companies, if you read the book Innovators dilemma it shows the exact same thing just on a less deadly scale that we have been taught to go for short term profits rather and functional excel spreedscheets rather than a sounds strategy with focus on the product.

    • @aerojetrocketdyners-2538
      @aerojetrocketdyners-2538 4 роки тому +2

      @Alex McAuliff To be honest i don't think the entrepreneurial mindset can't be taught in school.Its a trait.I really don't get why MBAs are overhyped, accounting degrees are much better.

    • @lewisaveryfiler7087
      @lewisaveryfiler7087 3 місяці тому

      Stonecipher, Condit, Albaugh, and Muilenburg were engineers and look what that got you.

  • @Alesscamera
    @Alesscamera 4 роки тому +354

    Just imagine this aircraft was from China or something like that, how the media would write the news haha

    • @vorlon81
      @vorlon81 4 роки тому +64

      Funny Thing is , China Grounded the Plane and Everyone Else took their Lead.

    • @eriksantoso1741
      @eriksantoso1741 3 роки тому +8

      Yep the 737 max 8 first time suspend it come from china

    • @sqpilot63074
      @sqpilot63074 3 роки тому +4

      IT ISN’T. IF IT IS....GE EXECUTIVES WOULD ALL BE FACING FIRING SQUAD.

    • @livethefuture2492
      @livethefuture2492 3 роки тому +1

      apparently there has even been scrutiny in the FAA itself, they have been showing leniency and lack of oversight.

    • @Orange-po6qv
      @Orange-po6qv 3 роки тому +2

      @@clementong6332 That would probably be because in China, most major companies are either state owned or controlled greatly by the state. And the state is synonymous with the CCP. Boeing is an independent, private company.

  • @thedude652
    @thedude652 3 роки тому +30

    I like how she used the term "financial engineering" - it's a great term, basically moving poker chips around on the table instead of making a quality product. A terrible strategy.

  • @ytkel8880
    @ytkel8880 2 роки тому +13

    Moving from innovation to profits ironically killed both

  • @junrenong8576
    @junrenong8576 4 роки тому +26

    Richard Feynman, on reference to the Challenger Disaster back in the 1980s, once said, “Reality must take precedence over public relations, for nature cannot be fooled”. “Take your engineering hat off and put on your management hat” culture at NASA back in the 80s has been a textbook example when accountants and management takes over the jobs of engineers, disaster may be inevitable.

  • @whendeathdeclareswar7458
    @whendeathdeclareswar7458 4 роки тому +261

    American business practice!
    That's what killed them.

    • @takeadayofff
      @takeadayofff 4 роки тому +2

      No, you killed them killer.

    • @Smak2
      @Smak2 4 роки тому +7

      takeadayofff no, you killed the killer, killer

    • @burtonl7239
      @burtonl7239 4 роки тому +1

      That's so shortsighted. Their entire phenomenal rise was based on "American" business practice as well.

    • @crinolynneendymion8755
      @crinolynneendymion8755 4 роки тому +5

      @@burtonl7239 That's so short sighted - little to do with any "American" business practices. Got more to do with being a military-industrial complex and being bankrolled by the US taxpayer, aka American Socialism. Same business practices that gave us Bhopal, tobacco...

    • @tomatosoupwoo
      @tomatosoupwoo 4 роки тому

      False, American cars. Safe most american planes, safe, American rockets fairly safe. Etc

  • @GregSr
    @GregSr 4 роки тому +9

    I used to work for a publicly held company traded on NASDAQ. As they approached the dreaded "end of quarter" reporting period, the frequency of bad decisions increased exponentially. In order to show that X amount of product shipped that quarter, they would ship machines that had not completed their quality checks. The machines would arrive at various customers around the world with a long list of minor defects. Then our service department would spend a fortune in manpower and expenses to deal with all the issues that should have been fixed prior to shipment. This insanity would repeat every quarter. Thankfully, I don't work there anymore.

  • @sp1nrx
    @sp1nrx 4 роки тому +24

    Boeing lost it when pleasing Wall Street became a higher priority than building excellence into the product. This happens **EVERY** time Bean Counters gain control of Engineering/Manufacturing companies.

  • @KristopherDick
    @KristopherDick 4 роки тому +295

    We know Boeing is on the wing course so long as they're headquartered in Chicago. Move back to Seattle so management and engineering can communicate. That's the legitimate first step. All else is lip service

    • @drewpknutz1410
      @drewpknutz1410 4 роки тому +6

      BS, everybody has a cell phone and manufacturing and engineering are secondary.. Chicago is closer to DC, where the magic happens. Dummy

    • @jayinla310
      @jayinla310 4 роки тому +37

      @@drewpknutz1410 Spoken like a true Wall Street worshiper.

    • @californiaslastgasp6847
      @californiaslastgasp6847 4 роки тому +6

      ​@@drewpknutz1410 Then why not move to DC? I think they want UA's business.

    • @blainegabbertgabonemhofgoa6602
      @blainegabbertgabonemhofgoa6602 4 роки тому +11

      @@drewpknutz1410 thats the dumbest thing ive heard . closer? its still very very far from dc you can't drive you have to take a plane

    • @rofidganteng1
      @rofidganteng1 4 роки тому +13

      so glad TESLA and SPACE-X has that kind of culture.
      management and factory in one place. all majority is in house.

  • @rudybriskar5267
    @rudybriskar5267 8 місяців тому +6

    And here we are, three years on and apparently nothing has changed.

  • @richardike2342
    @richardike2342 4 роки тому +61

    The solution is quite simple. You can't have accountants running technology companies. Because if it was up to accountants, we would still be riding horses, not driving cars.

  • @johndonaldson3619
    @johndonaldson3619 4 роки тому +90

    Reminds me of Rolls Royce in the early 70's when they went under on the RB211 jet engine and called in Stanley Hooker - their former CHIEF ENGINEER to bring them back from oblivion - and NOT a bloody accountant!

  • @sherryc7672
    @sherryc7672 3 роки тому +6

    Everyone used to look at these aviation giants with respect and awe, and we step on a plane everyday trusting that this is the very best of human engineering. And now, we've come to this...

  • @SoulmateParis
    @SoulmateParis 4 роки тому +46

    The new engine did not fit on the old design. Clear as day.

    • @allangibson8494
      @allangibson8494 4 роки тому +2

      Oddly enough it would have fitted ok on the MD-95/717...

    • @hawkdsl
      @hawkdsl 4 роки тому +6

      It fit just fine.. it was a more powerful engine, but they tried to apply an automation solution to make the plane fly like the original engines. The idea being to save training pilots for the engine change. This is copying Airbus, who love them some automation.. and who have had their own problems with similar systems.

    • @allangibson8494
      @allangibson8494 4 роки тому +5

      @@hawkdsl The larger diameter caused pitch up issues at high angles of attack. This delayed stall recovery unacceptably - MCAS improved the stall recovery time to the acceptable level.

    • @allangibson8494
      @allangibson8494 4 роки тому +7

      @@hawkdsl No the engine is NOT more powerful. It is just physically bigger. It burns much less fuel than the previous version for the same thrust however.

    • @hawkdsl
      @hawkdsl 4 роки тому +2

      @@allangibson8494 Thanks, that's what I was getting at though.

  • @teresafaintsmile206
    @teresafaintsmile206 4 роки тому +162

    Narrator: 2019 is not the best year for boeing.
    2020: Hold my beer.

    • @CabanaD
      @CabanaD 4 роки тому +12

      2021: Hold my whiskey.

    • @xfinity1348
      @xfinity1348 4 роки тому +4

      @Teresa FaintSmile actually, their stocks are up. And I’m not saying that I’m a Boeing fanboy, just like to tell you,

    • @osasunaitor
      @osasunaitor 3 роки тому +2

      2021: a hundred 737MAX have been grounded again, the 777X keeps adding delays, the whole 787 production is being moved to the SC plant with quality control issues... They aren't recovering this year either

    • @kirilmihaylov1934
      @kirilmihaylov1934 3 роки тому +2

      @@osasunaitor oh yeah .bad news for the flying public

    • @alienallys
      @alienallys 3 роки тому +1

      2021: Hold my cockpit

  • @df5058
    @df5058 4 роки тому +33

    The money guys came in, cut production cost (quality&safety), resulting in a better bottom line and bigger bonuses.

    • @TraditionalAnglican
      @TraditionalAnglican 4 роки тому +1

      D. Frank - ...and 348 fatalities from 2 foreseeable & preventable air crashes. The bean counters need to be tried for multiple counts of murder in a country where conviction doesn’t result on a slap on the wrist.

    • @grahamt5924
      @grahamt5924 4 роки тому +2

      They killed the golden goose squeezing every last drop out of the firm.

    • @davidb6576
      @davidb6576 4 роки тому

      @@grahamt5924 And the C-suite doesn't care, because they got theirs.

  • @garyjones5272
    @garyjones5272 3 роки тому +123

    When Detroit pushed engineers out of the way for the accountants Japan showed up and kicked their butts. Same with Thiokol and the Challenger disaster. The engineers said no but balance sheet experts had the final say.

    • @alcoyne3333333333333
      @alcoyne3333333333333 Рік тому +1

      Chinese comac are coming for Boeing the way Japan came back then 👎

    • @greglane3978
      @greglane3978 8 місяців тому +1

      The phrase " time to take off your Engineering hat and put on your Managment hat" is probably the dumbest thing ever said inside the walls of Thiokol.

    • @lewisaveryfiler7087
      @lewisaveryfiler7087 3 місяці тому

      Former Detroit automotive managers infiltrated US aerospace companies during the decline of the US automotive companies in the 1980. That is when I saw the writing on the wall. They came to the aerospace industry knowing anything about yet started questioning and managing everything as if they were still building cars. They are a huge part of the equation of where Boeing is today.

    • @lewisaveryfiler7087
      @lewisaveryfiler7087 3 місяці тому

      @@alcoyne3333333333333 Boeing has a lot more to worry about than COMAC. Until COMAC greatly improves their wing technology and fully understands aircraft systems integration they are not much of a threat. Look at how long it has taken them to develop that plane and only a few airlines outside of China has ordered any. Airbus, Bombardier, and Embraer are light years ahead of COMAC

  • @bbence86
    @bbence86 4 роки тому +75

    Thank you Boeing, for handing sales to the superior manufacturer
    Some dude from Europe

    • @robertradmacher4135
      @robertradmacher4135 4 роки тому +6

      Yes, now Airbus has the lead and they deserve it. All knew the 737 was finished with NG modell. For all the money now lost they could easily have designed a completely new modell. Also, it was a big mistake to dump the 757. So you American must fly a A321 XLR designed in Hamburg, Germany.😂

    • @Embargoman
      @Embargoman 4 роки тому

      @@robertradmacher4135 Yet buying American then your best plane is built in Mobile, Alabama.

    • @dennis12dec
      @dennis12dec 3 роки тому +1

      @@Embargoman In Mobile, Alabama the final assembly is carried out after the parts are shipped from Europe, the A320s assembled in the US are for the markets in the US, Canada and Latin America.

    • @Embargoman
      @Embargoman 3 роки тому

      @@dennis12dec Their is also Airbus planes that are made in China for the Chinese market.

    • @dennis12dec
      @dennis12dec 3 роки тому +1

      @@Embargoman Yes there's an Airbus final assembly hall located in Tianjin, Liaoning Province, spot on but the parts are manufactured in Europe and flown to China for final assembly. The A320 final assembly hall in Hamburg, Germany are for markets in Europe, Asia, Middle East, Africa, Australia and New Zealand.

  • @inigojuancarlos
    @inigojuancarlos 4 роки тому +92

    Once your livelihood surrendered to the Wall Street guys, you’re lost.

  • @jesmarina
    @jesmarina 8 місяців тому +5

    "To their credit - they did"....(meet the deadline on the 737 Max etc.) Clearly they DIDN'T - it's like saying that they actually met the deadline with the 787 also by presenting an empty shell.
    "Unfortunately some of the critical engineering decissions that were made....." Again, untrue. The unfortunate decissions were CLEARLY not made by engineers. They were made by management fixated on changing an aircraft unfit to the changes they wanted and then forcing the engineers to handle it by introducing bad systems. Furthermore, the new systems were purposely down-played by Boeings management and even by FAA-"inspectors", paid by Boeing.
    These people are killers, plain and simple.

  • @anbee8127
    @anbee8127 4 роки тому +51

    "For a successful technology, reality must take precedence over public relations, for Nature cannot be fooled." Richard Feynman

    • @fewerbeansplease
      @fewerbeansplease 4 роки тому +2

      The ultimate irony here is that Richard Feynman's statement applies as much to accounting and business as to technology. Why is this not taught in business school?

    • @doraaaa0613
      @doraaaa0613 4 роки тому +1

      @@fewerbeansplease they should really be teaching ethics in business school. it should be an absolute requirement.

  • @kokkeongfoo5472
    @kokkeongfoo5472 4 роки тому +49

    When Engineers were sidelined by accountants and lawyers ... it is first and foremost an Engineering company ..

    • @scottwins2
      @scottwins2 4 роки тому +2

      Boeing became arrogant, I sent them a letter once with a design idea, I was told that they probalby already thought of it and mind my own business. Sad my dad cut my teeth on the B-52

  • @edwardwong654
    @edwardwong654 8 місяців тому +3

    I was at Boeing in Everett, WA in 2011 AD and what I learned about the Boeing culture completely shocked me. I was an architect with IBM and we worked on the Boeing Electronic Delivery Service (BEDS) which is responsible for all the Loadable Software Airplane Parts (LSAP). Employees were angry at management because of the relocation of their headquarters to Chicago, and also the labour dispute that resulted in a 2nd 787 factory to Charleston, SC. On an individual level, the folks there were very nice, but they had become demotivated with Boeing.

    • @arbjful
      @arbjful 7 місяців тому

      What’s LSAP could you explain more please, what the function is and what it does?

    • @edwardwong654
      @edwardwong654 7 місяців тому +2

      @@arbjful Due to regulations, a plane's certification, manufacturing and maintenance is an extremely arduous process. LSAP stands for Loadable Software Airplane Parts. Prior to BEDS, every piece of software that was delivered to a specific plane, I don't mean the model, but to an exact serial number of the plane, had to be delivered by a special courier using CD's. And the approval and provisioning of the soft have a complex bureaucracy above it. And software requires continuous updates during the lifecycle of the plane. There is software for avionics, engine control, entertainment system, HVAC, communication, navigation, just to name a few.
      For the 787 Boeing needed a new system, and thus IBM was contracted to build a Public Key Infrastructure (PKI) to support this complex process just on the technical side.
      By 2010 AD, the 787 was already late and the BEDS project was in trouble as well. I on boarded to the project in late 2010, and slowly helped on the project as an architect on BEDS, which at least facilitated the software issues on the production 787's, which was then successfully launched in late 2011, where ANA took delivery of the first one with a lot of fanfare.
      Meanwhile I was shocked at the work culture at Boeing.

    • @arbjful
      @arbjful 7 місяців тому +1

      @@edwardwong654 wow amazing process, never knew the complexity involved.

    • @edwardwong654
      @edwardwong654 7 місяців тому

      @@arbjful Trust me, it is not as exciting as it sounds. The Boeing folks were awesome. I felt closer to them than my IBM teammates. Nevertheless the Boeing culture was dysfunctional. The system was very complex in both the technology and the business rules. I overheard things from the Boeing folks (engineers I think) that scared me. I used to joke that I would never fly in one. fast forward 2019 AD, and my company, not IBM, bought me RT ticket from Saigon to London. It was actually quite comfortable, even in coach. But what those people did on the 737 MAX is criminal. Also, all code releases had to be scrutinised and approved by the FAA. I was also on a project at St Jude Medical, where all code had to be approved by the FDA. The problem is that they are all in bed together, no pun intended.

  • @jesmarina
    @jesmarina 8 місяців тому +5

    Maybe the title should be "How Boeing and the FAA Lost Their Ways"

  • @michaelscott5653
    @michaelscott5653 8 місяців тому +7

    Had to come back here after the Alaska Airlines 737 MAX 9 debacle 😅

  • @FLT111
    @FLT111 8 місяців тому +6

    Here we are in 2024 and Boeing still hasn't learned anything lol

  • @rabbitramen
    @rabbitramen 8 місяців тому +3

    This is very sad. One of America's oldest and most respected aircraft manufacturers, who made the famous 80+ years old B-17, 29 and 52 heavy bombers and that won wars and survived terrible combat damage, as well as iconic airliners, have planes of today that have teething troubles like the wood and fabric biplanes of pioneer aviation.

  • @edvaira6891
    @edvaira6891 4 роки тому +21

    WHY ISNT DENNIS MULLENBERG IN PRISON?!!

    • @shravsecondary6981
      @shravsecondary6981 4 роки тому +2

      Cuz he's a white guy and a former wall street hero!

    • @drewpknutz1410
      @drewpknutz1410 4 роки тому

      because he had nothing to do with anything, except for maybe his reaction. The MAX was designed and implemented by the previous CEO, but I know you idiots are too lazy to do any research

    • @shravsecondary6981
      @shravsecondary6981 4 роки тому

      @@drewpknutz1410 Did the former CEO get into any hot water? No? See...

  • @deeplife9654
    @deeplife9654 8 місяців тому +5

    We are watching again 😢

  • @6aNapoleon
    @6aNapoleon 2 роки тому +4

    The fact that Stonecipher came from the malevolent management incubator at GE speaks volumes.

  • @19valleydan
    @19valleydan 4 роки тому +43

    The tragic, but inevitable result when the bean counters take over the pilot's seat.

  • @speedbrake22
    @speedbrake22 3 роки тому +14

    KLM didn’t want to buy 787’s from a specific plant because the QA there was appalling

  • @JoshKaufmanstuff
    @JoshKaufmanstuff 4 роки тому +18

    Let's not forget the Space program debacles with SLS and Star liner.
    Dennis Muilenburg was fired the day after a 'failed' star-liner test flight.

    • @129aslamnurfikrir4
      @129aslamnurfikrir4 3 роки тому

      Also when Delta Airlines ordered Bombardier CSeries Boeing lobbied to US government to put 300% import tariff on the plane. So Airbus bought CSeries program (now called Airbus A220) and build the planes on their Alabama factory. Meanwhile Boeing terminated their partnership with Embraer so they have no equal plane to A220

  • @thomasdilworth2451
    @thomasdilworth2451 8 місяців тому +2

    Moving Boeing's head office to Chicago where thry have no factories is a prime symptom of what has gone wrong at Boeing...

  • @waynet8953
    @waynet8953 4 роки тому +10

    It happens when engineers realize management no longer cares or wants to hear about engineering issues delaying timelines. It changed from an engineering company to a profit based focus company.

  • @reader2012
    @reader2012 4 роки тому +20

    as a nervous flyer, I find myself going out of my way to look for airbus flights over Boeing to be honest

    • @districtnerfco.8390
      @districtnerfco.8390 2 роки тому +1

      Facts! Same, I intentionally only fly Airbus. Call me crazy, paranoid, idc 🤷🏽‍♀️

  • @Luvinist
    @Luvinist 8 місяців тому +2

    4:52 This grandstanding is incredible

  • @karltraunmuller7048
    @karltraunmuller7048 4 роки тому +44

    „Disruption of communication between engineers and management“. That sounds familiar to me.

    • @bduddy55555
      @bduddy55555 4 роки тому +9

      Nice euphemism for "management ignoring engineers to make more money"

    • @ghost.protocol
      @ghost.protocol 4 роки тому +1

      It happens in more organisations than we think. Me being and engineer and even the maganement also being engineers for the company I work for, communications always fall on deaf ears.

    • @keithhowie1679
      @keithhowie1679 4 роки тому +3

      More like Financial people dictating what an airplane had to do and then expecting the engineers to design one that would do it, regardless of what kind of compromises had to be made.

    • @zapfanzapfan
      @zapfanzapfan 4 роки тому +1

      Disruption be design by moving headquarters across the country away from all those pesky engineers...

  • @glenjo0
    @glenjo0 4 роки тому +51

    Boeing ran into GE Jack Welch management, Wall St shareholder value management. Don't worry, Wall St got bailed out again today, and all of Boeing upper management that ran the company into the ground will retire rich! So sorry about American jobs, American engineering expertise, American R&D, that all got sent to China or destroyed.

    • @bvkronenberg6786
      @bvkronenberg6786 4 роки тому

      Glen Last
      Absolutely correct!!

    • @rayontita1912
      @rayontita1912 4 роки тому

      Couldn't have said it better myself. Eventually, GE will be found out. There's actually a research paper on it. Too bad Welch won't be around to witness the homecoming of what he started.

  • @filthywings353
    @filthywings353 2 роки тому +8

    When the first crash happened, armchair pilots like myself scoffed when fingers were pointed at Boeing. We immediately blamed the pilots because all they had to do was hit the trim cutoff switches.
    But when pilots hit those switches, they don’t turn off MCAS, they just cutoff MCAS’s ability to change the plane’s nose. How? By turning off the electric motor that controls the flight control surfaces responsible for controlling the plane’s nose.
    With that motor off, they had to literally pull out handles and turn them by hand to move those heavy, motor less, control surfaces. And when flying at 500+ km/h, the aerodynamic forces acting on those control surfaces will make turning that handle virtually impossible.
    Still, a lot of armchair pilots blamed the pilots of the lion air and Ethiopian plane crashes simply because they weren’t American.

  • @harsh99vardhan
    @harsh99vardhan 4 роки тому +14

    Didn’t know how many people got bankrupt listening to Cramer until I was bankrupt 😡😡😍

  • @uvwxyzero
    @uvwxyzero 4 роки тому +44

    The moment à company goes public it usually loses it's soul. Boeing has lost its soul long time ago.

    • @SuperScratch1
      @SuperScratch1 4 роки тому +8

      +Owesome Music
      Quite so. Also the FAA, once the premier civil aviation authority on the planet , has lost pretty much all its credibility.

    • @uvwxyzero
      @uvwxyzero 4 роки тому +1

      Dermot Jordan Apparently because they don't have the money Boeing has their top people leave to work for Boeing.

    • @None-zc5vg
      @None-zc5vg 4 роки тому +2

      @@SuperScratch1 The FAA in the early '70s colluded with MD management to play-down the need for urgent airframe mods to the DC-10 after a cargo-door blew off an early-production model. The plane that crashed near Paris in '74 lacked some of the mods, such as the vents between the passenger-cabin and the cargo-hold. Anything to protect sales and profits.

    • @uvwxyzero
      @uvwxyzero 4 роки тому +1

      Anon Anon Unbelievable I can't believe this. I think these guys pyschotic. And wall street is the biggest hypocrite ever. They want profit at all cost and when something bad happens they call for the CEO to resign.

  • @SgtSayWhat
    @SgtSayWhat 4 роки тому +44

    I'm an Aerospace engineering student and several of my Professors have said that the current 737 Max should never fly again.

    • @m2heavyindustries378
      @m2heavyindustries378 4 роки тому

      Well, at least due to COVID it won't this year, not sure about next though

    • @Embargoman
      @Embargoman 4 роки тому

      Imagine a black CEO putting Japanese corprate culture on Boeing!

    • @sushantmanandhar1387
      @sushantmanandhar1387 3 роки тому

      It is now in the air
      Check the aircraft section on your tickets gentlemen

  • @dannyboyNS752
    @dannyboyNS752 8 місяців тому +3

    This aged like fine wine

  • @bvkronenberg6786
    @bvkronenberg6786 4 роки тому +32

    Boeing is a company run by MBA types, not engineers. The Boeing engineers are bullied into doing a cheap engineering solution.
    Put the engineers back in charge of the company.

    • @prelude12341
      @prelude12341 4 роки тому

      100%, better, cheaper, faster...ever faster.

    • @jsiszero
      @jsiszero 4 роки тому

      Even the engineers got greedy by the pressure in Wall Street.

    • @prelude12341
      @prelude12341 4 роки тому +1

      Mike McGlock like u know...

    • @Aliquis.frigus
      @Aliquis.frigus 4 роки тому +2

      @Carl Hinton it was because its cheap. They cut the cost of retraining pilots.
      They also cut the cost by not designing an airframe that fit the engines. They took a hardware issue and solved it with software. That's a red flag in itself.

    • @joeblow3990
      @joeblow3990 4 роки тому +1

      @@Aliquis.frigus Exactly. If Boeing had designed an airframe that fit the engine there would have been no need for MCAS.

  • @garnetstewart3461
    @garnetstewart3461 4 роки тому +13

    Fortunately, an emphasis on shareholder value at the expense of the product has not occurred at other companies and industries.

    • @ianmuir3640
      @ianmuir3640 4 роки тому +1

      garnet stewart Not yet ,but it will it's the American way

    • @tonyduncan9852
      @tonyduncan9852 3 роки тому +1

      It's a low form of wit.

  • @Someone_igidk
    @Someone_igidk 4 роки тому +172

    Hey wanna hear a joke?
    Boeing cares about our safety

  • @lex1945
    @lex1945 4 роки тому +33

    It's all about GREED at the top. Ruthless managers and CEO's are responsible.

    • @emranhossain893
      @emranhossain893 4 роки тому

      They were maximizing profits by up sales. The Feature that could have avoided these tragedies were sold as add on for extra money. more money, more bonuses for CEO'S.

  • @belleepoque2544
    @belleepoque2544 3 роки тому +55

    So tragic. My heart goes out to the families of all the victims. All major companies prioritizes profit over human lives and integrity. Disgusting.

  • @peterthomson127
    @peterthomson127 4 роки тому +18

    We had the Kodak Moment, now we've got the Boeing Moment - that moment when you realise you've totally trashed your company's reputation.

  • @williamlouie569
    @williamlouie569 4 роки тому +14

    Boeing CEO: There is nothing wrong here! Where's my bonus?

  • @enge.marcelo
    @enge.marcelo 3 роки тому +11

    Challenger and MAX.... Same problem.. instead of listening to engineers (because they say what bosses don't want to hear), they prefer to listen to bosses that have no clue on what is happening (but that will get big fat bonuses for ignoring the engineers)

  • @Maxime_K-G
    @Maxime_K-G 4 роки тому +10

    Investors should be there to support companies, not the other way around.

  • @David-oy4ng
    @David-oy4ng 4 роки тому +43

    If it’s Boeing then I ain’t going

    • @Swag_K1RBY
      @Swag_K1RBY 4 роки тому +8

      More like “if it’s max I’m not pax”

    • @AzimuthAviation
      @AzimuthAviation 4 роки тому

      I see what you did there giggity!

  • @MrDpbazan1955
    @MrDpbazan1955 3 роки тому +37

    "Well, at least we only killed foreigners" says they. 'Well, and an American or two, but on foreign land". "Fix the plane? No! We got to fix the share price!!"

  • @av8tor261
    @av8tor261 8 місяців тому +2

    ✈ Ralf Nader should write a book about the Boeing 737 Max. He could title it, "Unsafe at any altitude".

  • @checkeredflagfilms
    @checkeredflagfilms 4 роки тому +58

    Why aren't those executives ALL in jail!!

    • @skindo14
      @skindo14 4 роки тому +4

      So you want to sent the real owner of America to jail? This CEO controls the country, decides if we go to war or not, they make the law? They are above the law.

    • @burtonl7239
      @burtonl7239 4 роки тому +12

      1. Because hard proof is needed.
      2. Because they will rather pay a fine before investigation uncovers any proof.
      3. Because victims of air crash will also rather receive money than pursue a big corporation, so Boeing can settle with them.

    • @vincenthill3491
      @vincenthill3491 4 роки тому +11

      Ha, this guy thinks rich white people face consequences

  • @mariacheebandidos7183
    @mariacheebandidos7183 4 роки тому +30

    it'd be nice to add dates when using tv interview clips.

    • @tomconnors5697
      @tomconnors5697 4 роки тому +8

      Thanks for the feedback, will definitely think about adding that next time. I think it would be a nice way to keep you rooted in the timeline of events.

  • @paulconnors2078
    @paulconnors2078 4 роки тому +5

    Boeing needs to get rid of EVERY remaining McDonnell Douglas executive and also needs to go back to be an engineering-focused company.

    • @BlackFoxFalcon
      @BlackFoxFalcon 4 роки тому

      That`s exactly my thought aswell. As soon as McDonnell Douglas got involved, it went downhill.

  • @thomasnengres4093
    @thomasnengres4093 2 роки тому +5

    IT would be interesting to compare how Boeing is being run compared to it's biggest competitors and the importance of the innovation and engineering in these companies. It's interesting to see that Airbus for example did move it's head office to Toulouse where it's main engineering and innovation center is placed while Boeing moved it's headquarter to Chicago.

  • @tomasstabilini4309
    @tomasstabilini4309 4 роки тому +69

    12:58 there's different ways of getting your profit up
    1) one is just that you make the best product imaginable
    2) the other is Boeing way 😂

    • @DanM012324
      @DanM012324 4 роки тому +8

      For most of Boeings existence they made the best products available but like the video shows it was taken over by a bunch of vulture corporatists putting profit before people.

    • @stettinerzipfel4385
      @stettinerzipfel4385 4 роки тому +4

      @@DanM012324 It's always easy to blame bad stuff on inhumane capitalists, tell me of a company that doesn't put profit before people. If that's the only thing taken from these incidents, they're bound to happen again

    • @ziaglos
      @ziaglos 4 роки тому +4

      @@stettinerzipfel4385 Unfortunately, the Boeing is on the top of the list so as 99% American Companies.

  • @Nobilangelo
    @Nobilangelo 4 роки тому +16

    Focus on your customers and the bottom line looks after itself. Focus on your bottom line and sooner or later your customers will look somewhere else.

    • @imkindofabigdeal4308
      @imkindofabigdeal4308 4 роки тому

      I mostly agree. You still have to run a company well and efficiently. Just keep in mind that the customer is the airlines and American Airlines is the entity that squeezed Boeing to make a new 737 vs a new model.

    • @None-zc5vg
      @None-zc5vg 4 роки тому

      @Gerd Wiesler When the profiteers crash a business, they just go somewhere else.

  • @neilburns8869
    @neilburns8869 11 місяців тому +2

    Boeing's biggest mistake was when they put something other than safety at the top of their list of priorities, because in doing so they have destroyed the level of trust that many of their customers had in the company.
    Earlier this year we have seen previously loyal Boeing customers KLM, Qantas and Air Canada switch suppliers for their narrow-bodied, short-haul airliners to Airbus.
    The ironic thing is that it was due to Boeing's fears and insecurities about competing with Airbus that drove the Boeing hierarchy into cutting corners that ultimately lead to the problems/issues that they have now.
    Very shortsighted but the worst has to be the unfortunate loss of lives from both flights and to think that it could have been avoided.

  • @AJVAR14
    @AJVAR14 4 роки тому +179

    ♥️ A I R B U S ♥️ 🇪🇺

    • @rabidbigdog
      @rabidbigdog 3 роки тому +9

      Why? They made the exact same mistake years earlier; Air France 447 in which inexcusible software design failed to take data from a second pitot tube.

    • @andreas4010
      @andreas4010 3 роки тому +38

      @@rabidbigdog bad pilot training is to blame, the autopilot disingaged, the pilot then stalled the plane for minutes afterwards

    • @rabidbigdog
      @rabidbigdog 3 роки тому +6

      @@andreas4010 Yes, the mistake continued because there was no valid data from ONE sensor. You need to read the full report. Airbus corrected their systems to include all available Pitot sensors.

    • @MrJimheeren
      @MrJimheeren 3 роки тому +17

      @@rabidbigdog notice how the A330 is still flying and was never grounded

    • @rabidbigdog
      @rabidbigdog 3 роки тому +3

      @@MrJimheeren Can you expand on what you mean perhaps. Recorders for Air France 447 were not found for nearly 2 years. On what basis would it have been grounded?

  • @mrcheesecake2189
    @mrcheesecake2189 4 роки тому +7

    I wouldn’t be surprised if we lost boeing in the next 6-10 years. They are in serious trouble now, especially with the 787 quality control incidents. I’m a boeing guy, but this is not ok. Boeing needs to find it’s way again. They can’t stay like this for any longer.

  • @vm6418
    @vm6418 8 місяців тому +2

    Horrendously dangerous business practices by Boeing furthermore there is a lack of quality control, workmanship and discipline within Boeing.

  • @spacecomma4678
    @spacecomma4678 4 роки тому +25

    How does an “augmentation” system assume complete authority over an aircraft? Sounds like the “roll it out now and we’ll apologize later” mentality I encountered in the telecom industry.

    • @imkindofabigdeal4308
      @imkindofabigdeal4308 4 роки тому

      @Derp 101 Not true. Can be turned off. But that needs to happen quickly.

    • @GH-oi2jf
      @GH-oi2jf 4 роки тому +1

      Frederick Deal - Actually, you can only cut off the electric power to the stabilizer completely, which means you have to adjust the stabilizer manually. This is slow and difficult. If it has moved too far, it is impossible. They should have added a switch to disable MCAS trim while preserving the operation of the trim switches on the yoke. The revised MCAS won’t do that, but part of the fix is to limit the action of MCAS to just one cycle, and to limit the amount of adjustment.

  • @tomwhite7310
    @tomwhite7310 3 роки тому +4

    I went to the Washington Boeing factory a couple years ago, I remember the tour guide person saying that Boeing was the safest plane company by far. I also remember the tour guide telling our group to live by a quote. It was, " If its not Boeing, I'm not going". Hurts to see how much they changed.

    • @greglane3978
      @greglane3978 8 місяців тому

      New motto, If it is Boeing I am driving.

    • @arbjful
      @arbjful 7 місяців тому

      @@greglane3978we went to the air museum in Seattle last year. It was beautiful, so much aviation history in one place. The first Boeing factory (made all in wood and brick) was so fantastic. I have been on the factory visit too, it was an amazing experience,truly unique

  • @Pilot_engineer_19
    @Pilot_engineer_19 4 роки тому +47

    It is just bad engineering to design anything with a single point failure. Boeing should know better.

    • @mukamuka0
      @mukamuka0 4 роки тому +9

      They known better than anyone but designed it any way because adding a dual sensors system means it's a critical system which mean it'll require additional training from pilot (train on what to do if system fail). Just like a petty criminal, they know it's wrong but decided to do it anyway for money.

    • @Fluffy65
      @Fluffy65 4 роки тому +2

      Not just Boeing, but HUMANITY should know better. The sinking of the Titanic was the biggest moment in history for man to learn that all major transport machines require multiple fail-safes concerning the control of vessel, and safety of all on board. There's no exceptions, nor excuses for getting this wrong.

    • @eeyvrcs
      @eeyvrcs 4 роки тому

      I agree but with clarification
      1) it's bad to design "critical" systems with a single point of failure, i.e. ideally they should be "Fail-safe" or "Fail-soft".
      2) Where Fail-safe/soft is not possible (or feasible) in critical systems, "Safe-life" design should be applied.

    • @thehardway7970
      @thehardway7970 4 роки тому

      @@mukamuka0 Wow, I had no idea. That answers a lot of questions

    • @andrewallen9993
      @andrewallen9993 4 роки тому +2

      Airbus knows better!

  • @true_the_lens
    @true_the_lens 4 роки тому +30

    The simple fact that we know is their executive got greedy and that's all. While they enjoy their big fat bonuses people are dead but Boeing is not alone.... That's the fact!

    • @JSG003
      @JSG003 4 роки тому

      LightMagic Image Media Boeing is alone

  • @stijill
    @stijill 3 роки тому +1

    It’s kind of pathetic that being profitable is no longer the sign of a successful company, but growth.

  • @tjtampa214
    @tjtampa214 4 роки тому +7

    I appreciated hearing this story. It is a great loss when profit-demands outweigh safety and master craftsmanship. The original Boeing was the star! ⭐

  • @jtwilliams8895
    @jtwilliams8895 4 роки тому +19

    We will all curse Wall Street one day; many already do.

    • @imkindofabigdeal4308
      @imkindofabigdeal4308 4 роки тому +4

      I get the sentiment...just keep in mind that just regular people with pensions and 401k's are driving the focus on profits/stock prices. People chasing returns so that they can save too little over a career and still retire well.

  • @JerseyAir
    @JerseyAir 6 місяців тому +3

    4 years later, this is now painfully obvious