Boeing CEO faces shareholders frustrated by 737 Max response

By Douglas MacMillan Douglas MacMillan Reporter covering corporate accountability Email Bio Follow April 29 at 1:41 PM At Boeing’s annual meeting for shareholders, one investor challenged CEO Dennis Muilenburg to explain why the company built the 737 Max with a single sensor that was vulnerable to failure.

Boeing’s CEO and board of directors confronted difficult questions from investors and the media on Monday, the first time since two crashes of the 737 Max jet threw the company into chaos. Speaking to a half-empty auditorium in Chicago’s’ Field Museum, Muilenburg tried to reassure investors that the company takes safety concerns seriously and is working with regulators to update the technical features of the plane that contributed to both accidents.

Muilenburg didn’t say how soon the 737 Max could fly again. He said the company is working on a software update for the safety problem and is coordinating with the FAA to prepare for a formal certification flight. Boeing hopes that will pave the way for a worldwide grounding of the Max jets to be lifted by global regulators.

At the meeting, Boeing shareholders rejected a proposal to create a separate independent chairman position. Investors also voted against measures that would force the company to reveal more details about its government lobbying.

He should took the first incident seriously and not wait for it to have another baby.

Remember when Trump took credit for keeping planes in the air. I’m assuming he’s also taking responsibility for these crashes?

This boob should resign immediately. He and other high level execs got the “growth bug” and sacrificed it all for profit. 737 should have been redesigned a decade ago. Knowingly put out a faulty product that caused the deaths of many. Ill fly airbus for a while. Boeing737Max

💩💩💩💩💩💩💩💩💩💩💩 I guess money is more important than people’s lives to Boeing

that's rich. 'Shareholders' are exactly why shit like this happens in the first place.

Didn't realDonaldTrump want these type of planes..

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