Dennis Muilenburg, the CEO during the 737 Max crashes, was an engineer by training:
He received a bachelor’s degree in Aerospace Engineering from Iowa State University, followed by a master’s degree in Aeronautics and Astronautics from the University of Washington.
And, of course, even though he put profits ahead of safety and is therefore partially responsible for hundreds of deaths, he walked away with a $62.2 million golden parachute. The incentives are not aligned with safety, aside from how it affects their share price.
gravitas_deficiency@sh.itjust.works 9 months ago
McDD really did an unbelievable amount of damage to Boeing. It’s an incredibly sad byproduct of the saga of deregulation and regulatory capture, alongside the massive downscaling of antitrust litigation and legislation.
Zerlyna@lemmy.world 9 months ago
Interesting. When I was growing up it was MDD, Lockheed and Boeing I flew. Now it seems it’s just Boeing and airbus. I wasnt keeping track when the merger happened.
jqubed@lemmy.world 9 months ago
Lockheed left the commercial market after the L-1011 didn’t sell as well as they’d forecast, and Boeing merged with McDonnell-Douglas in the 1990s. It was supposed to be a merger of equals, but the finance people at McDonnell-Douglas ran the show and won the merger over the engineers who ran Boeing.
Zerlyna@lemmy.world 9 months ago
Interesting. When I was growing up it was MDD, Lockheed and Boeing I flew. Now it seems it’s just Boeing and airbus. I wasnt keeping track when the merger happened.