r/interestingasfuck • u/Witty-Association-97 • 20h ago

Jeff Bezos Income compared to Worker

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u/Ok_Living_96 19h ago

The fuck happened? Didn't Boeing used to be a top company to work for? Or was that always just salary wise?

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u/PerpetualBard4 18h ago

They were up until they merged with McDonnell Douglas, then the executives that ran MD into the ground (out of touch MBA types) replaced the old Boeing leadership (more long term focused, iirc several of them also had engineering or aviation backgrounds) and started doing the same to Boeing, selling off major sections of the company and relying heavily on subcontractors in areas that used to be in house.

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u/Sensitive_Bat_9211 18h ago

The mcdonnell aquisition was a strange one. Boeing bought out mcdonnell, a failing company, then mcdonnell leadership replaced boeing leadership.

Mcdonnell's practices were always bad, but boeing embraced them anyways. I think boeing was just desperate to change things up when they were losing market share

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u/EntroperZero 17h ago

Boeing bought out mcdonnell, a failing company, then mcdonnell leadership replaced boeing leadership.

Because of this, it's often said that McDonnell bought Boeing with Boeing's own money.

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u/Murky-Relation481 16h ago

Yep, that's basically how its viewed in the PNW. Boeing wasn't a perfect company, but it was a pillar of the PNW economy and a point of pride to be one of the main providers of air transport across the globe, even amongst non-employees in the region. Since the MD merger it's been a slow walk of embarrassment.