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Boeing Disaster Shows Broken American Greed

Decades of American corporate philosophy gone awry at Boeing led to penny-pinching and stock decline, while rival Airbus thrived.

by Mark Eisenberg
Sun, Feb 11, 2024 4:24pm
in World
• 3 mins read
14.1k
Boeing Disaster Shows Broken American Greed | FinOracle

Photo: Finoracle.net

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The Decline of America’s Corporate Culture

American corporate culture has experienced a significant shift from being engineering-focused to being driven by financial engineering. This shift, which mirrors a broader trend in the corporate world, has resulted in corporations prioritizing shareholder value above all else. This obsession with efficiency and maximizing profits for shareholders has had detrimental effects on employees, communities, and other stakeholders. It has led to stagnant wages, rising inequality, and a decline in innovation and investment.

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Tags: AirbusBoeingCompanyCrisisDecision-makingDividendEconomistEfficiencyElectric vehicleFinancial engineeringGeneral MotorsInnovationInvestmentMarketMilton FriedmanScott KirbyShareholderShareholder primacyShareholder valueSupply chainSustainabilityUnited AirlinesWage
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