Boeing CEO Ousted - Finally

Boeing CEO Dennis Muilenburg ousted after a disastrous year
December 23, 2019

New York (CNN Business)Boeing CEO Dennis
Muilenburg was ousted on Monday after a
tumultuous period in which the company
faced a series of setbacks, including two
fatal crashes, delays and numerous issues
with its 737 Max airplane. Boeing continues
to struggle to get its most important product
back in the air.

Chairman David Calhoun will take over as CEO,
effective January 13, 2020. Boeing (BA) said
in a press release that its board of directors
decided to part ways with Muilenberg in part
because its customers and regulators no longer
trusted the company's decision-making.

"A change in leadership was necessary to
restore confidence in the company moving
forward as it works to repair relationships
with regulators, customers, and all other
stakeholders," the company said.
https://www.cnn.com/2019/12/23/busin...urg/index.html




Worst financial disaster in the company's
history, it is a wonder the stockholders haven't
strung up the entire board from the nearest
lamposts.

In article , Mitchell Holman
says...





Boeing CEO Dennis Muilenburg ousted after a disastrous year
December 23, 2019

New York (CNN Business)Boeing CEO Dennis
Muilenburg was ousted on Monday after a
tumultuous period in which the company
faced a series of setbacks, including two
fatal crashes, delays and numerous issues
with its 737 Max airplane. Boeing continues
to struggle to get its most important product
back in the air.

Chairman David Calhoun will take over as CEO,
effective January 13, 2020. Boeing (BA) said
in a press release that its board of directors
decided to part ways with Muilenberg in part
because its customers and regulators no longer
trusted the company's decision-making.

"A change in leadership was necessary to
restore confidence in the company moving
forward as it works to repair relationships
with regulators, customers, and all other
stakeholders," the company said.
https://www.cnn.com/2019/12/23/busin...urg/index.html




Worst financial disaster in the company's
history, it is a wonder the stockholders haven't
strung up the entire board from the nearest
lamposts.



Proving once again it's one thing to kill customers but it's on a whole
different level when you kill stockholder equity.



*

"Miloch" wrote in message ...

Proving once again it's one thing to kill customers but it's on a whole
different level when you kill stockholder equity.

I'll bet he's boo-hooing all the way to the bank with his $40 million
severance package...

On Tue, 24 Dec 2019 09:05:43 -0600, "Byker" wrote:

"Miloch" wrote in message ...

Proving once again it's one thing to kill customers but it's on a whole
different level when you kill stockholder equity.

I'll bet he's boo-hooing all the way to the bank with his $40 million
severance package...

He should pay it all to the victims family's