Peter Robinson

Research Fellow, Hoover Institution

Guest

Research Fellow at the Hoover Institution at Stanford University; speechwriter for then-Vice President George Bush (1982-1983) and President Ronald Reagan (1983-1988); author, most recently, of How Ronald Reagan Changed My Life

Peter Robinson on KCRW

Since March some 387 Boeing 737 Max jets have been grounded by regulators and airlines with no end in sight. Boeing profits have tanked. Last month the company recorded its biggest ever quarterly loss and deliveries are at their lowest since 2012.  Boeing says it expects the plane to return to service by the end of this year, as it continues to focus on the plane’s software system, thought to be the cause of both plane crashes. Boeing’s crisis highlights a problem beyond flight safety. The aircraft manufacturer chose to prioritize big spending on CEO compensation and stock buybacks rather than reinvest profits on its employees, infrastructure and R and D. Last year alone, Boeing’s chief executive Dennis Muilenburg took home $30 in compensation and gains from options. Buybacks over investment; the financial strategy that’s great for shareholders but may well have cost Boeing the public’s trust.

Did Boeing prioritize profits over safety?

Since March some 387 Boeing 737 Max jets have been grounded by regulators and airlines with no end in sight. Boeing profits have tanked. Last month the company recorded its biggest ever quarterly loss and deliveries are at their lowest since 2012. Boeing says it expects the plane to return to service by the end of this year, as it continues to focus on the plane’s software system, thought to be the cause of both plane crashes. Boeing’s crisis highlights a problem beyond flight safety. The aircraft manufacturer chose to prioritize big spending on CEO compensation and stock buybacks rather than reinvest profits on its employees, infrastructure and R and D. Last year alone, Boeing’s chief executive Dennis Muilenburg took home $30 in compensation and gains from options. Buybacks over investment; the financial strategy that’s great for shareholders but may well have cost Boeing the public’s trust.

from To the Point

Will the  Wall Street Journal  fall into the hands of a " power-mad, rapacious right-wing vulgarian?

Rupert Murdoch and the Wall Street Journal

Will the Wall Street Journal fall into the hands of a " power-mad, rapacious right-wing vulgarian?

from To the Point

More from KCRW

Josh Barro and Ken White discuss the second indictment from John Durham’s investigation into the investigation of the Trump campaign and Russia.

from All the Presidents' Lawyers

The supply chain is still clogged and inflation is at a 30-year high , while the U.S. has been importing more overseas goods than before the COVID pandemic.

from Press Play with Madeleine Brand

Torture victim Majid Khan’s lawyer J. Wells Dixon joins Robert Scheer to discuss his client’s shocking testimony about the CIA’s so-called “enhanced interrogation tactics.”

from Scheer Intelligence

Gov. Newsom abruptly announces he won’t attend the U.N. climate change conference. Lt. Gov. Kounalakis will lead the California delegation.

from News Stories

Starting in January and throughout 2022, the City of LA plans to give 3,200 families in poverty $1,000 a month — with no conditions. The $38 million program is called “ BIG:LEAP .”

from Greater LA

For the first time ever, more than 100,000 Americans died from a drug overdose in just one year , according to preliminary numbers released by the CDC this week.

from Press Play with Madeleine Brand

A couple of dozen Malibu neighbors have been developing “community brigades” since the 2018 Woolsey Fire.

from Greater LA

Why does affordable housing take so long and cost so much to build? KCRW’s Anna Scott and KQED’s Saul Gonzalez team up to find answers.

from Greater LA

LAUSD and other school districts nationwide are struggling to fill positions, including teachers and substitutes, crossing guards, and lunchroom attendants.

from Press Play with Madeleine Brand