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Biotech / Medical : Merck
MRK 100.30+1.3%Dec 12 9:30 AM EST
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To: Mephisto who wrote (651)3/16/1998 4:29:00 PM
From: Brian Malloy  Read Replies (1) of 1580
 
I'd say we agree on MRK.

But I would not be overly hard on Boeing. Management at Boeing may have made a few missteps but I would not call them bad. Having known people at Boeing and spent time touring the facilites in Renton and Kent I think that they are doing a good job (though with room for improvement). The merger with McDonald Douglass and unprecedented Jet demand has certainly put a strain on the system but Boeing went after the Brass ring, and got it. These work flow and order problems will be worked out in time and Boeing will continue as the worlds #1 Airline manufacturer.

I would be against firing current management. The aerospace industry has a long history of boom and bust with massive layoffs. Boeing has much improved its ability to meet these demands compared to its position in the 70's and early 80's. Planes are designed more rapidly with the use of computers. The 737 was the first plane to be completely designed on the computer. Logistic\parts management as well as software engineering functions have improved markedly at the company.

People may that to build airliners at Boeing doesn't involve much more than turning a few wrenches. However, its just not that way. Boeing employess are thinking employees that help improve the process. You just can not go to the corner and grab someone, give them an introduction and set them loose on the line.

Compared to its industry peers, Boeing's management has done an outstanding job. That is why Boeing alone is the sole provider of longhaul commercial aircraft in the US.
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