RUTH SUNDERLAND: Why Boeing worries BoJo
RUTH SUNDERLAND: The scandal over Boeing’s ‘flying coffin’ 737-Max jets could not have come at a worst time for the airline sector – or for Boris Johnson
- Boeing’s lack of real competition other than Airbus breeds arrogance
- CEO Dennis Muilenburg retires with £64m in shares, a pension and options
- There could also be an impact on the forward order book of Rolls-Royce
The crisis at Boeing, the US plane manufacturer, is reverberating around the world.
This frightening saga, which centres on safety problems with its 737 Max jets after two crashes in which 346 people died, is horribly familiar to watchers of the corporate scene.
We have seen variants of it in industries such as car manufacturing, with the VW diesel emissions scandal, and even white goods, when families had to flee their homes to escape incendiary Whirlpool appliances.
The Boeing situation is chilling as the firm has played Russian roulette with the safety
Each of these cases features a corporate culture riddled with executive greed, contempt for regulators and a callous…