board is pledging to get the airline manufacturer back on track, and new independent Chairman Steve Mollenkopf said in a letter that directors are focused on regaining the trust the company has lost in recent years.
The company published its proxy report to investors today ahead of its annual shareholder meeting on May 17. In it, the board revealed that exiting CEO Dave Calhoun told the board he didn’t want his $2.8 million cash bonus in February after a Boeing-manufactured door plug flew off an Alaska Airlines plane. “The Board honored that request,” the company said in its proxy statement.
In addition to Mollenkopf’s promise to shareholders to turn Boeing around, he thanked Calhoun and Kellner. He said a probe of Boeing quality and risk processes run by Admiral Kirkland Donald remains ongoing. -- Prime Minister Justin Trudeau said his government will have news to announce on mortgages in Canada in the upcoming April 16 budget, but did not provide further details.Most Read from BloombergNY Region Rattled by 4.