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Wicked Blue

(5,895 posts)
Fri May 17, 2024, 02:55 PM May 17

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

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

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Boeing shareholders vote to re-elect departing CEO to company's board (Original Post) Wicked Blue May 17 OP
What stupidity JohnSJ May 17 #1
Oh good, the man who cut quality and safety to bolster profits and his own multimillion dollar bonuses gets rewarded. Lonestarblue May 17 #2
The bottom line is all that matters. republianmushroom May 17 #3

Lonestarblue

(10,532 posts)
2. Oh good, the man who cut quality and safety to bolster profits and his own multimillion dollar bonuses gets rewarded.
Fri May 17, 2024, 03:32 PM
May 17

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.

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