Boeing’s Muilenburg had to go after botching the handling of 737 Max disasters, analyst says

The replacement of Boeing Chief Executive Dennis Muilenburg is the right decision, coming after the aerospace company’s botched handling of the disasters involving its 737 Max aircraft, analysts said Monday.

Muilenburg, whom Stallard described as a “Boeing lifer and raging ball of confidence and energy,” helped the stock price double in 2017 amid strong cash-flow generation, he wrote. “Boeing reigned supreme, exerting its influence on suppliers, customers, politicians, investors and sell side analysts,” said the note.

Boeing named its chairman, David Calhoun, as CEO effective Jan. 13. Chief Financial Officer Greg Smith was named to fill the role on an interim basis. Boeing said its new leadership will bring “renewed commitment to transparency and better commitment with regulators and customers in safely returning the 737 Max to service.”

Ridding of him didn’t snap solve the core Boeing issues.

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Boeing fires CEO Dennis Muilenburg, as the company struggles with 737 Max crisisBoeing CEO Dennis Muilenburg is out amid the company's struggles with the 737 Max crisis. Chairman David Calhoun will take over as CEO Jan. 13. Im sure he has a sweet exit package financially. he will get another job in cina to work for AVIC, let's wait and see hahahaha Good.
Source: CNBC - 🏆 12. / 72 Read more »

Boeing 737 Max fallout: CEO Dennis Muilenburg outBoeing CEO Dennis Muilenburg, who has been criticized for his handling of the 737 Max crisis, has resigned effective immediately, the company announced Monday. how much did he get by resigning? OMG, I have to take a shit SO bad. When is his trial?
Source: USATODAY - 🏆 100. / 63 Read more »