How does a company that defined the pinnacle of American engineering find itself in a permanent state of crisis? Most people point to recent headlines, but the real failure started decades ago with a single corporate merger.

In this The Case HQ strategy autopsy, we reveal the “Engineering Decay” that brought down a giant. We break down the 1997 McDonald Douglas takeover, the $40 billion stock buyback trap, and the fatal cultural shift that prioritized Wall Street quarterly reports over passenger safety and technical excellence.

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