this post was submitted on 26 Aug 2024
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Do you think that the "Boeing debacle" will change what is taught in MBA programs ? (sh.itjust.works)
submitted 2 months ago by Ziggurat@sh.itjust.works to c/asklemmy@lemmy.ml
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From what I understand, a big part of what's happening with Boeing, is that Boeing is run by Business person who want to maximize return of stock-owner rather than by people wanting to make a good product. The gained flexibility/nicer budget from massive sub-contracting led to "loss of knowledge", and cutting-down quality control steps which "never catch anything" led to issue being missed-out.

Do you think that MBA program will take this reality into account ? or would they keep focusing on maximizing short-term profit even if it jeopardize the company's future ?

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[โ€“] zxqwas@lemmy.world 13 points 2 months ago (2 children)

You've got the wrong idea about what the shareholders prioritize. They got sued by the shareholders for lying about being committed to safety and instead maximizing short term profits.

https://www.reuters.com/legal/boeing-is-sued-by-shareholders-following-max-9-blowout-2024-01-31/

[โ€“] ChairmanMeow@programming.dev 4 points 2 months ago (1 children)

Shareholders seek to maximize profits. If that includes a lawsuit to squeeze out even more investments, then why not?

They never bothered to check if Boeing did what they had to do security wise. Only once it threatened their profits they sprang into action.

[โ€“] zxqwas@lemmy.world 1 points 2 months ago (1 children)

Exactly how are you supposed to check that a company you own shares in does what it's supposed to? You're not allowed into the factory. You're not allowed to see any reports other than what they already publish.

You have to take the word of the management.

[โ€“] ChairmanMeow@programming.dev 1 points 2 months ago

Shareholders can demand external audits under threat of selling the stock. There's plenty shareholders can do (and have done in the past). They don't just sit idle and not do anything you know.