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...Clark, one of the most high-profile figures in aviation, has been increasingly critical of Boeing’s manufacturing processes and the quality issues that have plagued its aircraft....
...But there’s always decisions that leaders at the top make to try and increase production rates that we want a say in. We want to ensure that it’s done with the proper risk management assessments....
...“We will have to convince workers and management,” said Mercedes’ production chief Jörg Burzer, showing a clip of one employee shaking hands with his new droidian colleague....
...Clark said Boeing’s previous management had made repeated mis-steps, including outsourcing parts of its manufacturing and moving parts of its 787 production to South Carolina to cut costs following battles...
...One can measure this change either by the average yearly growth rate or, as in our case, by calculating how long it would take for the world’s production to grow tenfold....
...The company took a day off from production work at several big facilities to focus on quality issues. Still, it did not strike me as enough....
...“You could argue that, since shorting is such a challenging sub-strategy, keeping things long-biased and having a concentrated portfolio of high-quality positions has been the way to go,” Amiee said....
...Apparently, Apollo Global Management has other priorities....
...When Armand Feigenbaum published his book Total Quality Control: Engineering and Management in 1961, he was doing the manufacturing world a great service, explaining how product quality is an individual...
...Tiger’s short portfolio, overseen by Coleman, had been making money until the end of October, but it lost those gains in a fourth-quarter rally of “low-quality companies”....
...“That could mean a race to the bottom when it comes to production fees.”...
...The FAA has blocked Boeing from increasing its production rate for the jets and launched an audit of the company’s manufacturing and quality processes....
...But some smaller investment managers don’t have sophisticated risk-management processes, and their incentives are just to grow and deploy capital. But is that a systemic risk? I’d say probably not....
...Boeing’s management tells employees to speak up, but those who do “get very little feedback”, he said....
...“Secondary sales of really quite high-quality private equity funds are starting to appear, which you wouldn’t normally expect, except from people who’ve realised they’ve got too much of the stuff,” he added...
...The company also said it would bring in an external third party to review its quality management systems....
...“Ricky has a deep knowledge of our business and a firm belief in the quality of our operations and substantial growth opportunities,” said Entain’s chair Barry Gibson....
...Boeing’s biggest airline customers had criticised the manufacturer’s production problems and quality lapses following the Alaska Airlines accident....
...If you want to own a company with a solid franchise and a little bit of expected growth — Waste Management or UnitedHealth or Marriott — you are going to pay up....
...Ola Electric also aims to produce electric cars and has been designing batteries that it hopes to put into commercial production this year, after missing Aggarwal’s previous 2023 deadline....
...Instead of an annual management fee, the manager passes on all costs to their end investors....
...The company, he told analysts, had in recent years “added rigour” to its “quality processes”....
...The FAA has ordered Boeing not to expand its 737 Max production until it resolves its quality control issues....
...which has about $2bn in agricultural assets under management....
...“This company wants to remain an independent family company operating with the same level of quality and watchmaking excellence they’ve done so far,” says Resta....
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