4.5 • 705 Ratings
🗓️ 17 December 2019
⏱️ 11 minutes
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0:00.0 | Welcome to Texas ProRata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics. |
0:13.4 | I'm Dan Pramak. On today's show, Democrats saved their debate and why we work didn't slow down startup investing. |
0:19.9 | But first, Boeing's unfriendly skies. |
0:22.7 | So when you've got a moment today, |
0:24.2 | do a Google image search for the phrase |
0:26.4 | Boeing parking lot. |
0:28.0 | What you'll get are not shots of where Boeing employees |
0:30.6 | put their cars, but rather giant parking lots |
0:33.7 | full of hundreds of Boeing 737 max jets, |
0:37.1 | which have been grounded since March after |
0:38.8 | two of the planes crashed, killing 346 people. At the time, Boeing suggested that the fleet |
0:44.4 | would be back online by year end because it would have fixed the deadly software glitch. |
0:49.1 | In fact, it was so confident it kept making new 737 maxes, 42 per month as it awaited FAA approval. But that |
0:57.0 | approval has not come. With the FAA apparently going with the once-bitten twice-shy theory of regulation, |
1:03.0 | and Boeing now in the last 24 hours has announced it will indefinitely suspend production |
1:08.0 | of new 737 maxes in January. |
1:11.2 | Now, why this matters is twofold. |
1:13.1 | First, it is simply hard to understand how Boeing CEO Dennis Mullenberg still has a job, |
1:18.0 | even if the company did already strip him of his chairman title. |
1:20.8 | We live in an era where CEOs get quickly fired for all sorts of offenses, |
1:24.8 | from personal conduct to business declines. |
1:27.3 | But here's someone who |
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