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Steve McIntosh Report Blog

More thoughts on Boeing

Local officials’ reactions to Boeing leaving Wichita were emotional and quite predictable, I think. These people had lobbied the Air Force to give the big tanker contract to Boeing, a company that promised at least 7,500 new jobs in Kansas if they got the deal. Boeing got the deal, Wichita got the shaft. Ouch! Big time ouch!
Boeing sets a new standard for business dishonesty. But remember that Boeing is a huge, successful corporation. As such, it enjoys enormous power … over business, government, and people. Corporations may preach “family” … but profit is their true goal and god. In that light, Boeing probably made the right decision.
At least Boeing gave their Wichita workers six months’ notice, which affords them time to look for another job.
That’s better than having a human resources person show up at your desk and tell you to pack up your stuff, and they’ll walk you to your car. Been there.
Our thought for today is from Milton Friedman:
“There is only one social responsibility of business … to use its resources and engage in activities designed to increase its profits without deception or fraud.”

Tags :  
Topics : Business_Finance
Locations : Kansas
People : Milton Friedman

01/10/2012 1:05AM
More thoughts on Boeing
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