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2024-10-24 -Great Cultural Revolution

Boeing CEO says 'trust in our company has eroded,' calls for 'fundamental culture change'

[FoxBusiness] Boeing CEO Kelly Ortberg on Wednesday said that "trust in our company has eroded" and laid out a plan for the aerospace giant to regain a leadership position in the industry while addressing its financial challenges.

Ortberg, who was appointed as Boeing's CEO in late July, faces an ongoing strike by Boeing machinists that has impacted production along with a loss of confidence stemming from a series of incidents like the midair blowout of a 737 Max 9 door panel in January. The company's balance sheet is also in decline and the company is looking to prevent its credit rating from being downgraded to "junk" status.

He said in his prepared remarks that the company is "saddled with too much debt" and that trust in Boeing has been undermined because of "serious lapses in our performance across the company which have disappointed many of our customers."

Indeed.

Ortberg explained that Boeing needs to right the ship, and that will require a "fundamental culture change" along with steps to stabilize the business and improved execution discipline on the company's new platforms.

He said that he has introduced a more detailed business cadence to ensure that happens and that the culture change "has to be more than the poster on the wall" and that Boeing's redefined values "will be used to hold leaders accountable in how they lead our teams in delivering safe, high-quality products and services to our customers."

Ortberg explained that stabilizing Boeing's business "has been central to my focus since starting the job in August" and that they have "some really big rocks that we need to get behind us to move the company forward."

Not an easy thing to do, so long as one keeps the same people and the same buildings.

Posted by Skidmark 2024-10-24 00:00|| E-Mail|| Front Page|| [11158 views ] Top

#1 World hit by internet blackouts after ANOTHER Boeing failure

Posted by Skidmark 2024-10-24 01:16|| 2024-10-24 01:16|| Front Page Top

#2 Striking Boeing workers reject new contract offer as the company reports a $6 billion loss

"We'll die together!"

Posted by Frank G 2024-10-24 08:03|| 2024-10-24 08:03|| Front Page Top

#3 The union may be gambling that 'we're too big to fail government bailout'.

Posted by Procopius2k 2024-10-24 08:08|| 2024-10-24 08:08|| Front Page Top

#4 'trust in our company has eroded,'

With such brilliant, insightful analysis, the new leadership is sure to succeed.

Posted by Mercutio 2024-10-24 09:20|| 2024-10-24 09:20|| Front Page Top

#5 OOPS!

Posted by Deacon Blues 2024-10-24 09:23|| 2024-10-24 09:23|| Front Page Top

#6 Death by DEI.

Posted by Grom the Reflective 2024-10-24 10:05|| 2024-10-24 10:05|| Front Page Top

#7 A good purge would help get rid of the DIE deadwood

Posted by BrerRabbit 2024-10-24 10:26|| 2024-10-24 10:26|| Front Page Top

#8 ^You have to start with high-schools (racist algebra!!!).

Posted by Grom the Reflective 2024-10-24 11:05|| 2024-10-24 11:05|| Front Page Top

#9 Perhaps he should follow the advice of many and remove any former McDonnell-Douglas people holding any sort of managerial positions and fill those same positions with Boeing engineers.
It was good enough at one time for Boeing to be the leading aerospace company; it might just work again.

Posted by USN, Ret. 2024-10-24 12:07|| 2024-10-24 12:07|| Front Page Top

#10 "...detailed business cadence..."
What the heck does this gibberish mean, but it signals that perhaps the CEO isn't blunt enough for the needed changes.

Posted by NoMoreBS 2024-10-24 13:49|| 2024-10-24 13:49|| Front Page Top

#11 The DEI song and dance?

Sorry, Charlie, your Chicken of the DEI song is your quarter in the jukebox. Oh, $1.50. And the CD track skips.

Posted by swksvolFF 2024-10-24 20:38|| 2024-10-24 20:38|| Front Page Top

16:52 DarthVader
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