There was another US plane manufacturer named MacDonald Douglas that went to shit because the finance bros took over.

Boeing, at the time, was far more successful because it was essentially led by the engineers and so made high quality planes.

As MacDonald was going under, the US government organized a buyout and Boeing acquired MacDonald.

MacDonald engineers became Boeing engineers but the MacDonald finance bros also became Boeing finance bros and since the shareholders love their treats they were delighted to support said finance bros in doing to Boeing what they did to MacDonald.

Boeing was really innovative in the 50s thru 70s. Dominated American aviation by the 80s. Became a monopoly (essentially) for domestic plane production in the USA. Have not innovated or changed much since.

The 737 Max was one of their biggest innovations in the last 30 years and they didnt even have the fancy new tech use both speed/airflow sensors, it only used one at a time. If they had used both tube sensors at least one of the crashes could have been prevented. Dumbass company also didn't train pilots on the new software because that'd cost too much. Plus they were sure it would be flawless so they didnt need to train. Basically they are the Google of aviation and are nosediving in quality just like the worlds biggest advertising company is now.

Boeing used to be a fairly effective company. They had a good union and the work was largely engineer led.

The rightward turn of the 1970s eroded the union and culture. By the 2000s there was only two big players in the commercial aerospace market: Boeing and Airbus. McDonnell Douglas were limping along in a distant third place.

Boeing hoped to diversify their offerings by buying MD and using their more successful military aerospace business. MD's officers ended up gaining a lot of power in the merger and they began the process of running the firm into the ground. They went full cost cutting short term bullshit after that.

Summary of this article

Seems a bit lib but I think there's some truth there