Financial discipline has a limit

Cost programmes and buybacks run without limit against an engineering culture eventually eat the engineering, with a lag.

• Leadership
• Capital allocation

1 idea that carry it

• Post-mortemCapital allocationDocumentary

  Financial discipline applied without limit eventually eats the engineering

  Cost discipline has a limit, and the cost of crossing it arrives years after the reward for approaching it.

  Any capital allocation discussion where the case for cuts and buybacks seems unanswerable, and any post-mortem on an engineering or safety failure.

  From Downfall: The Case Against Boeing · 2022