… Joe Kernan wonders if that’s exactly what’s needed.
intercst
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Oh, he’s gone, it’s just a matter of time.
I think the Board has to go, too. Boeing is really an Enron-level screw up. Though unlike Enron, Boeing management behavior has actually killed hundreds of people.
intercst
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Thing is, it was McNerney that made Boeing what it is today. But he retired in 2015, just before their airplanes started falling out of the sky. His first successor, Dennis Muilenburg, was tossed over the Max crashes. The current guy may be tossed over the build quality failures on the 73, following the build quality failures on the 78. But McNerney sits back and plays with the Millions he made off the company.
Steve
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No one died this time.
The entire industry does not work on liability but on supreme engineering feats and a need to review and perfect.
I rail against MBAs but at some point, mistakes happen either way. This was a tech that did not tighten down a few bolts. There are a handful of planes that had that problem. As far as I know.
As far as CNBC talking about engineering problems…Sheesh that is all engineers have is problems to solve. They get solved.
This plane did not fall out of the sky.
Working at Pratt in the 90s every single piece of the engine was recorded down from the very source to the very product in every aspect of production. Why because this happens and all the planes are pulled if they have that part. This is standard protocol going back to the 1940s. If not before.
When do we retire talking heads for being ignorant and misleading people?
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Same thing with pump seals going into nuclear power plants…a few weeks ago, I was asking myself why I sold my RTX. Then I remembered, “oh yeah, Pratt using cheap, powdered metal parts in their engines.” The cost of that sort of corner cutting has a way of growing, and growing.
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The Boeing back story from Reddit.
{{ Today’s Boeing is a Jack Welch story!
James McNerney started in McKinsey, then became the hand-trained monkey of Jack Welch in GE. He became Boeing CEO in 2005 & he was the guy when the 737 MAX was being designed. Remember, Jack Welch was the CEO of Century just before retirement from GE & then the fraud of Century as GE crashed and burned with all of his accounting frauds being discovered. He wasn’t fined a penny. }}
https://www.reddit.com/r/wallstreetbets/comments/1906p4i/boeing_is_a_jack_welch_legacy_dumpster/
intercst
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Funny stuff Pratt is not using cheap parts.
CNBC is pulling your chain.
BTW none of the problems with the 737 have to do with Pratt’s parts.
That gets very specific for any part of the fuselage or engine. It has to bore right down the very crack. That is then solved by the engineers.
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I had a Joe Kernan test when I watched CNBC. It was very simple (fitting for me). If he said something that I agreed with, I knew that I needed to rethink it because I had to be missing something.
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There is nothing fake about the charges RTX is taking, for extra engine inspections. I have seen too many companies insist that a design/production fault is “isolated, only impacts a few”, and, over the years, the costs rise and rise. Remember the Hyundai engine oil feed problems? At first, it only impacted the Theta II engine. Then it included the Nu series, but only the 1.8MPI version. Then the 2.0MPI version had the same problem. Then the 2.0GDI version had the same problem.
Steve
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I thought most engines on Boeing planes were made by GE Aviation–GE’s most profitable division. I suppose the airlines make the choice when they order.
iirc, the Pratt engines in question are apparently mostly on Airbus planes. The 73 has used the CFM56 for years/decades. CFM is a JV between GE and a French company.
Steve
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Pretty sure I remember some people dying when Enron cooked up false reasons to shut down power in various parts of California. I recall people with heart conditions and breathing aparatus’ which went down, and hospitals unable to provide life supporting assistance during those outages. The effects might not have been so dramatic as an airplane full of people falling out of the sky simply because the incidents were spread over a wide geography and happened only here and there but…
Enron was a case of nothing but greed, pure and simple. Boeing, on the other hand, was a combination of greed and incompetence, so it’s a double banger. 
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but in this instance, no one has died.
Pure luck for Boeing. If there had been someone in the seat next to the “plug” when it blew out, he/she would likely be dead as a result.
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If the plug had held on, like it had over two months of flights, until the plane was at cruising altitude, the body count may be substantial.
Steve
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