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BBC article on the 737Max problems--Best YetBest article so far on explaining in layman's terms what's happened with the 737Max. Simple language, well written, great graphics, and produced by a non-US news agency. Keeps the bias to a minimum. (www.bbc.co.uk) More...
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Hi Ric, most CEOs are paid in cash, stock and stock options so they dash it away in the Cayman Islands. You and I both know that this remuneration package and golden parachutes are absurd. They pay idiots this sum for nearly running the business into the dirt. Boeing is an excellent exercise in how to ruin your business. No due diligence was exercised when they built the MAX 8 in a rush. People get killed in lousy aircraft.
Boeing is criminally responsible for the death of 346 people and have spent a year spinning stories that are in fact lies. No more, it's time for a criminal hearing.
Trust me, the responsibility will been handed down to a/ a few poor engineers or middle management manager...
The video by "Vox" was equally good at explaining. Came out about a month ago.
Liked this video too. Not as detailed as the BBC video, but certainly explained the problems in language everyone can understand.
I do disagree with the statement in that shareholders pressure airlines to cut costs. It is executives who receive obscene compensation for the financial performance of the company. Their cost cutting is vicious. They take far too much that should be paid in dividends.