Boeing shareholders vote to re-elect departing CEO to company's board

[Wicked Blue]

Boeing’s departing CEO, Dave Calhoun, was re-elected to stay on the troubled company’s board on Friday, even as the planemaker’s chair said he was gathering feedback from customers and others in its search for a new chief executive.

Boeing is dealing with a sprawling crisis that includes multiple investigations, possible prosecution for past actions and slumping production of its strongest-selling jet.

Shareholders voted at Boeing’s annual general meeting (AGM) for Calhoun to remain on the board in a preliminary tally.

The proxy adviser Glass Lewis had recommended shareholders vote against the re-election of Calhoun and two other directors to Boeing’s board, citing dissatisfaction over efforts to transform the planemaker’s safety culture.

https://www.theguardian.com/business/article/2024/may/17/boeing-ceo-board

[JohnSJ]

1. What stupidity

[Lonestarblue]

2. Oh good, the man who cut quality and safety to bolster profits and his own multimillion dollar bonuses gets rewarded.

He should have been kicked to the curb long ago, but it’s clear that the Boeing boards cares only about shareholder profits, not the flying public’s safety.

[republianmushroom]

3. The bottom line is all that matters.