Ironically, Boeing's stock price was at about $140 at the start of 2014 -- and rose pretty steadily to a peak of $422 in March 2019.
So in addition to pushing out whatever sorts of financial results that Wall Street wanted, Boeing's perhaps questionable approach to quality was not registering with its financial overlords. This happened in spite of the Al-Jazeera investigative piece of 2014, a $2.5 billion penalty paid in 2021 in connection with the 787 crashes, etc. Not to mention steady coverage of problems in the Seattle Times, Wall Street Journal, etc.
Boeing's stock is still above $100 now, which suggests that it's got a strong enough monopoly/duopoly position that investors do not regard quality issues as being all that detrimental to the "investment thesis."
So in addition to pushing out whatever sorts of financial results that Wall Street wanted, Boeing's perhaps questionable approach to quality was not registering with its financial overlords. This happened in spite of the Al-Jazeera investigative piece of 2014, a $2.5 billion penalty paid in 2021 in connection with the 787 crashes, etc. Not to mention steady coverage of problems in the Seattle Times, Wall Street Journal, etc.
Boeing's stock is still above $100 now, which suggests that it's got a strong enough monopoly/duopoly position that investors do not regard quality issues as being all that detrimental to the "investment thesis."
Brrr!