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Odd Lots

The Moment That Boeing's Culture Started To Rot

Odd Lots

Bloomberg

Business News, News, News Commentary, Business, Investing

4.52K Ratings

🗓️ 19 January 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

On Jan. 5, the plug door of an Alaska Airlines 737 Max 9 blew out mid-flight, forcing the plane into an emergency landings with a large hole in fuselage. Miraculously, nobody was hurt or killed, but it could have been a disaster. And it was the latest in the persistent string of mechanical and engineering setbacks that have plagued Boeing over the last six years. Of course, the company went into crisis mode in late 2018 and early 2019 when two different 737 Max planes crashed, killing 346 people combined. So what's wrong with Boeing? It's a crucial question, since the company is arguably America's pre-eminent manufacturer and one of the only two dominant global players in commercial jets. On this episode we speak with Bloomberg investigative reporter Peter Robison, the author of Flying Blind: The 737 MAX Tragedy and the Fall of Boeing. We discuss the company's problems, its history and culture, and how it lost its focus on safety and engineering in favor of a focus on pleasing shareholders.

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Transcript

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0:00.0

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No strings attached. Public.com, 5.1% APY as of December 2023 and subject to change,

0:12.2

disclosures and podcast description

0:13.7

US members only.

0:14.7

Hi there it's Jill Wiesenthal and Tracy Allaway the co-hosts of the

0:19.1

Oddlots podcast. If you're a fan of our coverage on things like auto clean energy markets there's a new show from

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0:45.2

His companies are altering the course of energy, the energy transition, transportation, public

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discourse, and even wartime communications.

0:53.0

He's really become the biggest story in business and that's where we come in.

0:57.0

Yep, you can listen to Elon Inc. from Bloomberg Business Week on Apple Podcast, Spotify, I-Heart, or wherever you get your podcast. Hello and I'm Tracy Allaway.

1:22.5

Tracy, this might seem like the most obvious statement in the world, but I'm really worried about Boeing.

1:28.0

And I don't mean like flying on one for say. Oh really? Well, I mean that's kind of what I would be worried about but I feel like I need to do a disclaimer

1:37.6

before we do this episode which is that I have a massive soft spot for Boeing. I think a lot of Americans actually maybe still do. My dad

1:46.9

flew B52s and then he flew 737s for Southwest for a long time. I've been in a 737 simulator with him. I covered

1:56.7

airlines, not really aerospace, but airlines for a while and so I feel like my life has to some

2:02.1

extent been a little bit

2:03.4

entwined with Boeing.

2:04.8

A large part of my inheritance, if I get it,

2:08.3

is Southwest stock, which I think still kind of

...

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