Boeing CEO Calls for “Fundamental Culture Change” as Yearly Losses Reach $8 Billion

Andrew Anglin October 24, 2024

It’s been obvious from the beginning of Boeing’s troubles: they simply have not done enough DEI (which is the new term for Affirmative Action).

They need more blacks and women. They need to run out the remaining white men, and then they’ll be on a path to glory.

As is testified to in every movie, TV show, and advertisement I’ve seen since 2020, blacks and white women are not only ultra-competent and capable, but they also work really well together. From what I’ve seen, every marriage in the country is black male/white female, and that is because they have such chemistry.

If they have chemistry, they no doubt have physics as well.

Reuters:

Boeing CEO Kelly Ortberg laid out a cautious path to turn the company around on Wednesday, calling for a “fundamental culture change” at the struggling planemaker as its quarterly losses surged to $6 billion due to a crippling strike.

The company has now racked up losses of nearly $8 billion for the current year, as a halt in production of its 737 MAX, 777 and 767 planes following the strike and an ailing defense and space division hammer its business.

Boeing shares slipped almost 1% in morning trading.

Ortberg told CNBC on Wednesday that Boeing is now reviewing its businesses and may end up selling some assets, as it downsizes its workforce to focus on the company’s key civil planemaking and core defense units.

“We’re overstaffed for the forecast of our business going forward, so we need to right size and be efficient, and I think we need to continue to do that as we go forward,” he said.

In a letter to employees, Ortberg stressed the need for improving performance in its defense business and its 737 MAX and 777 programs while broadly stabilizing Boeing, which is “at a crossroads” after lapses in its performance disappointed customers and eroded trust.

I thought they totally stopped production of the 737 MAX.

It was reported in January.

The original 737 – first produced in 1968 – is a marvel of engineering, and if Boeing’s blacks and women couldn’t update it, they should have just kept making the old one.

“This is a big ship that will take some time to turn, but when it does, it has the capacity to be great again,” Ortberg told the planemaker’s employees in a message containing prepared remarks for his first earnings call as CEO.

Ortberg said in his remarks that culture change was discussed at a recent meeting with top company executives.

“We need to prevent the festering of issues and work better together to identify, fix and understand root cause(s),” Ortberg said. “I’ve already introduced a much more detailed business cadence to drive this across the organization and this process of change is underway.”

Well, we’ve already reached the conclusion that the festering issue is white men.

Kelly Ortberg needs to resign and put the company in the hands of a black CEO, which will definitely solve the company’s problems.

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