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269 points rntn | 1 comments | | HN request time: 0.216s | source
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renegade-otter ◴[] No.41888004[source]
But the shareholders have been taken care of, right? Is the sacred shareholder OKAY?

Never mind that a famed company has been dismantled to pump the stock for a few years (and how long it took is a testament to its former excellence).

https://www.amazon.com/Flying-Blind-Tragedy-Fall-Boeing/dp/0...

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jaybrendansmith ◴[] No.41888881[source]
We have a serious problem with corporate governance in this country. To be clear, it should NOT BE POSSIBLE to hollow out and destroy a company in this way and be rewarded for it by wall street. We keep blaming the bad actors, but the truth is, the regulators are at fault: It should be impossible to profit in this way. Changes to corporate governance rules would leave this still possible for private companies, but public companies would be judged differently and to a higher standard. Anyone here a public policy wonk who can explain how to change this?
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jfengel ◴[] No.41889839[source]
Yeah. You start by not electing a political party who hates government in general and regulators in particular.

Their opponents aren't always great shakes but it's no surprise that government functions badly when it's so often under the control of people whose existence is devoted to making it work badly. Maybe they could make a case for making it work better, but for decades they've said over and over that the only thing they want is to drown it in a bathtub.

I apologize for being political but surely people can see a connection between regulatory failure and management by an explicit hatred of all regulators.

Not precisely a policy wonk but I live surrounded by them.

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1. dotnet00 ◴[] No.41892254[source]
It's funny to say that, when propping up Boeing is a bipartisan thing. They're both willing to move Heaven and Earth to give taxpayer money to Boeing, regardless of performance.