The new book claims to focus on the benefits and loose surveillance that lead to the deadly Boeing crash | Chicago News

After 346 people were killed in two separate crashes, the Federal Aviation Administration refused to fly a Boeing 737 Max jet into the air for over a year and a half.

Former Boeing CEO defended the company’s safety records after the fatal incident, suggesting that poorly trained pilots were partly responsible. But in a new book, Flying Blind: 737 Max Tragedy and the Fall of Boeing, journalist Peter Robison said that changes in corporate culture and government oversight have made Boeing a priority over safety. Insist.

Bloomberg investigative journalist Robison will be attending Chicago tonight for a conversation.

When I first visited Boeing’s headquarters in Seattle in 1998 as a Bloomberg News reporter, I met the engineers who created these important machines and the best-selling and lioned business leaders such as Built to Last and InSearch of Excellence. I was excited about it. What I found was a place of war with itself. With the acquisition of McDonnell Douglas a year ago, a large number of innovative managers trained in all-cost defense contracts have become Boeing’s more professional ranks in the misty Puget Sound. Joined in. A federal mediator who tried a Boeing engineer strike two years later personally described the merger as a “hunter killer assassin” meeting a boy scout. At the time, world-leading companies like General Electric were dominant, and the federal budget was in the black, making it difficult to trust engineers’ dark concerns about the future of the companies they clearly loved. There is no perfect workplace.

Sadly, in Boeing, like many other places, it became clear that the assassin had won. Some of the very people who stabbed McDonnell Douglas on the ground revived the same penny pinch policy that sank their old company. Borrowing pages from another flawed idol, Jack Welch’s General Electric, they ran what might be called a standard corporate playbook today: anti-union, regulation-light, outsourcing-heavy. But at least for tax incentives and favorable government contracts, it’s a professional handout.

Boeing, where Murenberg joined as a college intern a generation ago, was created by a driving engineer who wanted to design the best airplanes in the world as it was then. They called themselves “The Incredibles”. He joined the company and instead rewarded financial magic and used GE’s tactics. Instead of investing in new aircraft, Boeing leaders poured over $ 30 billion in cash into stock repurchases during MAX’s development, enriching shareholders and ultimately themselves. Marenberg earned more than $ 100 million as CEO and left an additional $ 60 million in the golden parachute.

What happened at Boeing reflects the same power that has caused the American turmoil since the Reagan Revolution entered the era of empire leaders like Welch and became obsessed with stock market investors. In the same year that Boeing acquired McDonnell Douglas, the Business Roundtable, the lobbyist of the largest US company, stopped pretending to have important voices for employees, customers, or the community. The group has declared that the first obligation of any company is to its shareholders. Everything else goes on as if by the laws of nature. In 1997, this new purpose statement was indisputable, and few newspapers published articles about it. It was the fulfillment of a long shift from the communitarian ideals that dominated American politics, economy and culture, from the New Deal of the 1930s to the great society of the 1960s. The consensus was just beginning to fray when Reaganites’ favorite economist Milton Friedman claimed in the 1970 New York Times Magazine that he was still the opposite. “The social responsibility of a business is to increase profits.”

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From the Flying Blind: Inside the 737 MAX tragedy and Boeing fall. Copyright © 2021 by Peter Robison. Published by Doubleday, the publisher of the Knopf Doubleday Publishing Group.

The new book claims to focus on the benefits and loose surveillance that lead to the deadly Boeing crash | Chicago News

Source link The new book claims to focus on the benefits and loose surveillance that lead to the deadly Boeing crash | Chicago News

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