[navigatesol]

>A lot of the issues may come down to whether management prioritize financial engineering / making huge bonuses / pleasing wall street vs making good vehicles. The same with Boeing..

It's a funny thing to me that no one ever points this out in advance. Where were the articles about Boeing's move from an engineering culture to a financial one? Instead, we wait for the natural cycle of a business to arrive, then make up some answer, like "financialization" to explain it.

How come a hacker site doesn't acknowledge how difficult it is to "stay on top" as a business?

>You see the effect a bit with Tesla where I'm sure Musk would love to focus on quality but has to rush things out to make decent quarterly numbers or risk going bust by not getting ongoing financing

Again, more post hoc reasoning.

Elon Musk negotiated the biggest corporate pay package in history, but he didn't tie it to product quality, did he? Maybe that's why he focuses so much on share price and market cap and quarterly numbers? Nah, couldn't be...

[tim333]

>It's a funny thing to me that no one ever points this out in advance. Where were the articles about Boeing's move from an engineering culture to a financial one?

I had a google out of curiosity.

There was this from 2003: https://slate.com/business/2003/12/how-boeing-blew-it.html

>...The trouble is that his successor, Harry Stonecipher, is very much of the short-term-profits school... ...As one aircraft worker told a Seattle newspaper reporter after hearing the news of Stonecipher’s accession: “We are doomed.”

Although I don't know if that was really in advance - they had problems then too.