Quote:
Originally Posted by Buehler445
|
I've sold off about 80 percent of it, and I didn't have a huge holding to start with. So I've still got a little bit, which I'll continue to sell piecemeal until I'm out.
I don't see any particular advantage of the Spirit acquisition. Has any company ever performed better after being purchased by a larger company? I can't imagine that that will make them better. You or others may know better than me, though.
Of course, I'm a little biased for stupidly dated reasons. I've mentioned in the past that I used to work at McDonnell Douglas and it was a massively dysfunctional environment. I have no idea how anything got done there, if it even did. I recently read an article about the problems at Boeing, and the author said that the problem was that "the acquisition of McDonnell Douglas imported that company's toxic culture into Boeing and destroyed the positive culture of Boeing". I pointed at the screen and said, "I know, right? I know!" Apparently a number of the higher executives at McDonnell muscled out the Boeing executives to take control, and that was a bad thing.
I want Boeing to succeed, but I'm not optimstic that they'll ever thrive. I think they've lost sight of their mission.