To De-risk or Not De-risk, That Is the Question at Boeing
And it’s not even clear at the moment what ‘maximizing de-risk’ is, except it sounds like corporate-speak for stopping the huge losses that threaten to burn down the barn at Boeing. Somewhere along the line, the plane maker lost interest in building its own planes and contracted out such messy work.
Is that a little harsh?
Probably not.
Boeing made a string of self-serving decisions over the past couple of decades that would have raised the eyebrows of a newbie accounting student. First they moved their headquarters from Seattle, where they were close to manufacturing, to Chicago, where they were close to nothing but management’s thirst for brighter lights and a lake instead of an ocean to overlook. Boeing’s strong suit has always been engineering and research, so Chicago broke that bond with executives losing their ability to walk the floor.
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