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I've heard that the board of directors got rid of a lot of the old executive team, that was made up of people that had worked as engineers and knew how to build an airplane, and brought in people that instead knew how to maximize profit and reduce costs.
Tale as old as Jack Welch’s first day at GE
GE builds bombs, Boeing builds planes that could plow into the ground... either way, they're trying to kill people.
Yes, but GE, under the leadership of Jack Welch was the pioneer of the “shareholder profits are the only thing that matters” brand of capitalism in the post WWII era. Prior to Welch GE and most American companies during that time were prioritizing what their company produced, attempted to innovate, and treated their workers with some dignity. Certainly not perfect as foreign exploitation was a major leg propping it up but a far cry from where we are today.