Boeing Blows It
Corporate Gossip
Becca Platsky
5.0 • 590 Ratings
🗓️ 17 March 2023
⏱️ 63 minutes
🧾️ Download transcript
Summary
Boeing is the quintessential american company. For decades it was the destination of choice for America's brightest minds in engineering. Pilots revered the institution, "if it aint Boeing, I'm not going," they'd often say. But by the turn of the century, Boeing's engineering supremacy was replaced with a relentless devotion to shareholder value. Passengers... you can kick rocks! Boeing execs have got a company to plunder in the name of shareholder value maximization!!!
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Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com)
Produced by: Michael Albanese @bigmanmike
Timestamps:
9:30 The airline deregulation act: L or W? Becca's take will SHOCK you!
16:30 Boeing catches shareholder value maximiziation-itis and Boeing fish starts to rot from the nose down
20:00 Boeing execs are giving big Dr. Evil energy
27:00 Capitalism Kills - the Boeing 737 Max Crashes
30:00 Boeing: "Shareholders are my main chick and the flying public is my sidepiece"
35:30 The FAA & Boeing are like the Abby Lee Dance Company and the Candy Apple Dancers
33:00 The aftermath of the Boeing 737 Max crashes Spoiler alert - Boeing leadership = Dickless losers and a rare Ted Cruz W
49:30 If life couldn't get worse for the plane crash victims… here comes Tom Girrardi and all the other vultures
54:30 Latest updates on Boeing
Links:
Read Flying Blind: The 737 Max Tragedy and the Fall of Boeing
Report on Boeing 787 Dreamliner Battery Flaws Finds Lapses at Multiple Points
Final report on Boeing 737 MAX crash sparks dispute over pilot error
Boeing Reaches $200 Million Settlement With Regulators Over Its 737 Max
Families of Boeing Crash Victims Can Challenge U.S. Settlement, Judge Rules
Whistle-blower settles case (Gary Eastman)
House Committee on Transportation & Infrastructure members
The Senate Subcommittee on Aviation Safety, Operations, and Innovation members
Transcript
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| 0:00.0 | Welcome back to season two of the corporate gossip podcast. You guys, we spend so much time researching |
| 0:06.4 | each of these episodes. So thank you for being patient as we got season two ready. If you want to |
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| 0:17.8 | listen to the podcast. If you want to support us financially, you can click the link in the show notes to buy us a coffee. |
| 0:24.7 | And a few of the episodes we included this season were suggested by our listeners. So if you have any ideas of episodes you think we should do or if you have thoughts on any of the episodes we do, you know, make sure to send us an email Becca at night toast.com or send us a voice note in the email and maybe we'll play it on the |
| 0:42.3 | podcast. Thanks, guys. Hope you like this episode. |
| 0:47.2 | On the shores of Lake Washington in southeast Seattle lies a big humming factory. And I mean big. A hundred thousand square meters big enough to fit 19 football fields. There's good reason it's so ginormous. Inside, thousands of America's brightest engineers are building Boeing's shiny new aircraft, the 737 max. Standing above the production line is |
| 1:14.4 | senior manager, Ed Pearson, a 30-year Navy veteran. Pearson looks as intimidating as his credentials |
| 1:21.6 | imply. His serious expressions are only amplified by his shaved head, penetrating eyes, and pronounced jawline. |
| 1:30.2 | He's not the kind of manager you want to piss off. He has high standards. And he felt that Boeing, |
| 1:36.7 | and more importantly the passengers that would eventually buckle into the planes that sat on this |
| 1:41.9 | factory floor, deserve no less, which is why on a hot |
| 1:46.5 | July day in Renton, Washington, Pearson got scared. Over the past few months, he noticed that |
| 1:52.7 | production was getting kind of sloppy. Machinists were missing parts they needed to do their |
| 1:57.6 | job, so work just wouldn't get done. And then the next shift would arrive and |
| 2:01.8 | their work depended on the first shift's work and it just began to pile up undone. But managers |
| 2:07.7 | kept pushing the planes to the next position on the factory floor. When Pearson's team voiced their |
| 2:13.3 | concern to Boeing's execs, the exec solution was to ask the workers to put in more hours. |
| 2:20.5 | Getting the 737 max out on time was critical to Boeing's bottom line, they said. There was no |
| 2:27.9 | room for slowdowns. Pearson watched as the factory production began to deteriorate. His team was fatigued and frustrated, and it didn't seem like Boeing's leadership understood how dire the consequences could be. |
| 2:44.0 | So that night, Pearson opened up his laptop and wrote a letter to Boeing's top leadership. |
| 2:50.0 | It's been edited here for brevity and read by an actor. |
... |
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