This is another instance of market failure with the mantra of 'freedom', self regulation and 'good intentions' spectacularly coming undone.
Boeing's CEO is incredibly still in office inspite of damning evidence of incompetence which is a straight indictment the whole concept of 'shareholder interest' and accountability.
Can anyone provide one instance where shareholder interest has ensured some kind of accountability of management? Why shouldn't Boeings top management be fired for seriously damaging the company and the brand?
If this doesn't affect Boeing's share price what will?
This raises even more questions about the stock markets accurately reflecting business sustainability, revenue pipelines and brand damage given 737 Max orders are now essentially over. [1][2]
Boeing's CEO is incredibly still in office inspite of damning evidence of incompetence which is a straight indictment the whole concept of 'shareholder interest' and accountability.
Can anyone provide one instance where shareholder interest has ensured some kind of accountability of management? Why shouldn't Boeings top management be fired for seriously damaging the company and the brand?