John Oliver Explains How Boeing’s Problems Can All Be Traced to Stock Buybacks and Incompetence
This story originally appeared on Jalopnik.When asked how Boeing’s recent door plug incident came about, company CEO Dave Calhoun cryptically explained “a quality escape occurred.” That kind of corporate doublespeak is indicative of the problem at hand. Boeing used to have quality, but it escaped, apparently sometime around when it merged with McDonnell Douglas in 1997. An AI That Helps You Get a Job? | AI UnlockedFor the last three decades, the company has spent substantial amounts of money buying back its own shares to…