on Monday fired CEO Dennis Muilenburg as the company struggles to regain the trust of regulators, customers and the public after two fatal crashes of its best-selling plane, the 737 Max, killed all 346 people aboard.
Chairman David Calhoun will become the manufacturer's new CEO on Jan. 13. Board member Lawrence Kellner will become Boeing's non-executive chairman of the board, effective immediately.The resulting turmoil from the crashes has consumed Boeing. The two crashes sparked numerous investigations, including a federal criminal probe, about the aircraft's development and certification by the Federal Aviation Administration in 2017.
The company's board removed Muilenburg as chairman in October saying he could better focus on bringing the Max back to service, a process that has been delayed by additional questions from regulators. Boeing removed the head of its commercial airplane unit, Kevin McAllister, 11 days later. Stan Deal, a three-decade Boeing employee who most recently led its global services business, replaced him.
Lebeaucarnews There isn't any quick solution for Boeing 737. Profit per share per quarter. Should be renamed 'Boeing 737 profit max'. Fine? Not at all. Firstly delivered to Lufthansa in 1968 as 737-200. The landing gear is too short to carry 2 big turbofan engines.
Lebeaucarnews That's not a crisis. That's manslaughter
now taking bets on the step down compensation. Put up the the betting board (I 'bet' draft kings has one). I m thinking 40 million
And I was seemingly the only person who predicted the problems with Boeing: issues were not small, that it would NOT fly in 2019, that the CEO did a reverse-Tylenol and foreign FAAs now control. $BA still up 15%, too high.
Good.
he will get another job in cina to work for AVIC, let's wait and see hahahaha
Im sure he has a sweet exit package financially.