Everybody needs money. That's why they call it money.

From full global headquarters, this is Motley Full Money. It's the Motley Full Money

Radio Show. I'm Chris Hill. Welcome to our Independence Day weekend special. Something

a little different this week. Later in the show, our friend Morgan Housel talks with best

selling author Bethany McLean about one of the most hotly debated companies in the world,

Tesla. But earlier this week, I got the chance to catch up with Nell Minow. She's the

vice chair of value edge advisors and an expert in corporate governance. She's also a film

critic known as the movie mom. We dig into the movie industry in a little bit, but first,

I wanted to get Nell's thoughts on recent business headlines.

At the start of this week, Boeing was scheduled to begin a three day certification test for

the 737 max. I read a piece in the LA Times from early January. You were quoted as saying,

Boeing's board of directors was the quintessential 1990s board. It was CEOs and luminaries,

but nobody with the kind of expertise you really need. We're going to find out if the plane

has improved from a safety standpoint, but from a corporate governance standpoint,

do you think Boeing has improved? No, I don't. I think they have taken a few steps, but they're

a long, long way from where they need to be. I mean, remember that the other plane passed this

test already. And what I said is still true. They don't have the kind of manufacturing expertise

on the board that they need. This is the MBAization of a company. They used to be known for their

excellence in manufacturing. And after all, they are a manufacturer. That is their actual business.

And yet, they decided to go with a financial outlook rather than a manufacturing outlook.

And they outsourced a lot of stuff, including the software that got them in trouble.

And they worked out. They all of a sudden their balance sheet became their product instead of

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