Innovation Or Negligence? OceanGate's Tragic Consequences Of Betting On Inexperience
Portfolio Pulse from AJ Fabino
The OceanGate Titanic expedition, led by CEO Stockton Rush, ended in disaster due to questionable decisions, including having the critical electrical system of the submersible designed by a team of college students. This incident highlights a growing trend in tech companies and other industries of relying on less experienced staff or interns for significant, high-risk aspects of their projects. Boeing Co (NYSE:BA) reportedly relied heavily on inexperienced engineers and outsourced key parts of its software development for their 737 Max jets, which is believed to have contributed to two fatal crashes.

July 05, 2023 | 4:08 pm
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Boeing Co's reliance on inexperienced engineers and outsourced software development for their 737 Max jets is believed to have contributed to two fatal crashes.
The news highlights Boeing's past decisions to rely on inexperienced engineers and outsourced software development for their 737 Max jets, which is believed to have contributed to two fatal crashes. This could negatively impact investor sentiment and the company's reputation, potentially leading to a decrease in the stock price in the short term.
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