Agree on the new CFO. This type of finance manager is long overdue. Union negotiations may be challenging, however. Union somehow needs to be involved in the process, even though belt-tightening is inevitable.
Analysts still (rightfully) skeptical (quotes from the link):
'..Analysts who attended the meeting welcomed Boeing's latest moves, though they said they were long overdue and short on specifics. "It is amazing that we are at this point and they are only now figuring out how to drop the losers and keep the winners," said Nicholas Heymann, an aerospace analyst with Prudential Securities.
..Howard Rubel, an analyst at Goldman, Sachs & Co., said, "There is no reason why there won't be a certain amount of cynicism by investors partially because these changes can't happen overnight." ...'
Refreshing to see a manager who is willing to be measured:
'..She said that Boeing, which has traditionally been insular and tight-lipped, would be sharing a lot more information with investors and the public from now on. At the end of June, she will disclose a
variety of measures, like inventory turnover, that both company executives and investors can use to gauge Boeing's progress.
"We are going to look at all businesses using the same methodology," she said. "It's called discipline...' |
