Boeing Got the Monkey Management Virus from Jack Welch's GE

Jim McNerney was President, CEO, and Chairman of Boeing from 2005 through 2015. He was Chairman in 2016. During a quarterly earnings conference call on 24 July 2014 with Boeing’s senior management he had this exchange with a reporter:

Bloomberg News: Jim, you have a birthday coming up next month. …Will you be at your desk, and has the Board approved you staying on past age 65? Jim McInerney, CEO: Yes, the heart will still be beating. The employees will still be cowering {laughing}. I’ll be working hard; there’s no end in sight.

As Fabius Maximus comments:

[McInerny] learned that workers are cattle while working from 1982 – 2001 as an executive at GE under an architect of modern corporate America – Jack Welch.  Under his leadership, Boeing decayed to a shell of the once-great aerospace giant. For this he was lavishly paid. He earned $80 million in 2013-2015 and retired with a $4 million for 15 years pension – plus uncountable other perks.

So now those giants of America's corporate leadership have shown the way, every ambitious American executive will be intently focused on looting the company at the expense of workers, shareholders and the mass of unfortunate victims who depend on the company's product or service.

Related:

CanSpeccy: Boeing: Building Planes Designed by Clowns Supervised By Monkeys