Major Boeing News
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- Опубликовано: 1 июн 2024
- Boeing has announced several major updates involving its outgoing chief executive, Dave Calhoun. Following a re-election, he will remain on the board and receive a substantial package worth over USD 30 million following his departure from the plane maker as its CEO.
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Boeing rewarding failure & incompetence, Jobs for cronies.
No news there.
It’s called Peter Pan syndrome. The more screw up you are, the bigger the promotion is. This explains the don’t care attitude and complacency in engineering these days. The few that are compelled to do the right things are punished. So, what gives?
In Australia it is known as jobs for "the boys" even for all female groups.😊
Workers are punished for mistakes while top managers are rewarded for f-ups
Calhoun got a gift and a promotion. He stays on the board. Boeing will not be fixed without a cleanout of the top staff.
He must go
Yes we know. They did a leadership change and he was going to go. But somehow he's comeback
I have no trust in Boeings board or products. They have not cleaned up as they should have done. An absolute disgrace. I will continue to avoid their new products ie Max etc. 👎
@@xkr510 why no trust in the products? What are you expecting? They are going through a leadership change. Its a disgrace airbus was fixed for bribery. Why should you avoid the max etc?
Yep correct @xkr510
33 million for wrecking a company and killing people.
over $100,000 per MURDER?
Actually that was Denis Muelenberg. He’s the one that oversaw the whole 737 Max mess and was replaced by Calhoun. He’s also an engineer by trade
👆 What he said!
You can see how rotten the justice system is. They broke basic safety rules when creating a product. 346 souls have perished because of their greediness. They still continue working the same way and are still not in jail. They even get bonuses for their awesome criminal activity. American Dream is a nightmare nowadays 😢
Yep because they are part of American military complex
always has been
This man has no shame. He stepped down from the CEO position because he was doing things right and now he came back to the board to supervise new CEO? what a joke
Making sure norms are followed
He was doing things _right?_ 😒
Boeing just don't get it ! It's like they just keep shrugging their shoulders.
CEO gets the gold parachute, two whistle blowers are on permanent sabbatical.
Muilenberg as well. Remember he was at the helm during both MAX crashes
@tomdavis87he got 62 mln 57
@tomdavis8757 , and Muilenburg has Bachelors and Masters degrees in Aeronautical Engineering. Goes to show, Boeing needs more than just an engineer at the helm.
Your kidding me! People that were killed &/or affected by Boeing and its dangerous carelessness must be livid!
Awarding failure is par for the course in American corporate culture.
Lock him up !
Look at the number of millions he was paid. This whole thing with Boeing was orchestrated and he got paid.
His payout is just disgusting.
These CEO's blame worker wages for the high cost of products but then get paid a significant amount that pay a decent amount of the workers wages. CEO and upper management wages is what is driving the insane inflation around the world.
Nothing ever changes. I won't fly on Boeing anymore.
I will fly on 777, but no model Boeing aircraft above the 777.
A hell of an award for someone that has not held that position for that long, his performance to date has hardly been inspiring.
You have to also remember they have been paying him that every year he has been there. If you add all the hidden perks it will be several times that much each year! And for what? Every decision he has made has cost the company huge amounts.
This will surely motivate all the machinists union members forced to accept losing Boing pensions.
Seeing Calhoun treated to such largesse by shareholders
He only agreed to leave if the board upped his incentive level
I disagree he should leave with nothing Boeing needs to promote a cool from within the company not from outside the company.
CEO
Well the shareholders now cant complain if it all goes t.ts up.
His package should involve life in prison for multiple murders.
How do these people sleep! The company is at rock bottom but he walks away like he is a hero
An Engineer should be CEO and this guy should be CFO.
Everyone laughs and shakes their heads at the corruption in Russia. But we in the West are not much better, as the example of Calhoun shows once again. It is not a new phenomenon that incompetent managers receive inappropriate severance payments and normal employees lose their jobs.
This is a problem in the system that doesn't just affect Boeing. I don't fly much, but when I do, I only fly with Airbus. I have completely lost my trust in the airplanes Boeing makes. Add to that the fact that two whistleblowers have been "epsteined" - no thanks.
The USA is hugely corrupt. The money in politics is obscene, and there appears to be no judicial ethics in place, especially in the Supreme Court.
Just because it's legal, doesn't mean it's not corruption.
We are and have been every bit as bad as Russia but we cover it with slick PR work and corporate control of the 'news' media. They make it seem like this isn't happening. Lying through their teeth about this being a democracy, freedoms, free market, capitalism, lack of corruption, Rule of Law, on and on totally distorting the reality. Big money controls every facet of this society. This is known as Fascism pure and simple. Vote all you want. You will have no effect on events.
Calhoun deserves the same “payment” the 2 whistleblowers got!
He did exactly what he was told to. That's why the payout is "33" million.
Unbelievable! This totally illustrates what’s wrong with Boeing. Let the Engineers run the company!
Remember, despite management and the board putting forward Calhoun’s name as a board member, the shareholders could have said no , but didn’t.
As a share holder it is very predictable when a company elects a CEO with an accountant background with little or no experience related to the immediate business, the company fails. When Roger Smith an accountant with no knowledge of car development, was the first “ non auto engineer” became CEO of GM in the early eighties GM was no longer competitive against the Japanese automakers and subsequently never recovered. Accountants produce very short term financial gains for-the share holders but eventually will destroy the company and its reputation. Guaranteed golden parachutes and retirement packages not based on performance avails no incentive for the individual to long term growth the company. Until companies reward upper management for tangible growth this will continue to happen. What took Boeing to develop a stellar reputation in the aerospace industry was destroyed again by the accountant mentality. It will now take years for Boeing to dig out and regain the the reputation they enjoyed for over a century.
Let's see what NASA thinks of Boeing's bureaucratic noncommunication between teams vs Space X Grad School enthusiasm where everybody knows what's going on in each project keeping costs down by open communication.
Should just have fired him.
Shareholders = Large equity funds controlled by a very few people. Often cross connected, you scratch my back, I’ll scratch yours. Basically, just the money people looking after each other.
He receives the millions and is still on board getting more millions....well done...R.I.P Boeing
Is Calhoun working for Boeing or for Airbus?... 😅😅😅😅😅😅
Against both. That's why he was paid "33" million.
Any of corporate America’s CEO; each and everyone of them have and continue to walk away from the company they lead, for better or worse results, and these CEOs get to pocket a lot of cash. I don’t understand why these CEO paychecks/benefits haven’t and still doesn’t get reduced to match the company’s highest paid workforce…..
As a shareholder, I am aligned with the vast majority of the comments. His pay and election is at best a boondoggle at worst BS
Great commentary, Calhoun belongs in jail not on the board
0:21 I CAN'T see this ad scene any more!!!! 😤😫
I would think that any new CEO worth having would insist on the ex CEO be escorted off the premises
Reward for putting Boeing in a difficult situation?
Hitmen Culture
I may work in the executive office of a multi-million dollar nonprofit, but I have to say the idea that an executive is able to be both on the board, and the CEO is unbelievable to me. At my organization, the CEO is a board member but not really a voting board member, and certainly couldn't be the board chair and CEO, and the idea that a board member could become the CEO and stay on the board then get fired from being the CEO and then go back to being on the board is absurd to say the least.
What is the difference between 'deviate' and 'deviate away?'
The board knows he can bring them down with him as they are all complicit; he will have made that known. Here is the result.
Nothing Earth Shattering here all of this was already Common Knowledge this was more a Recap
Sick.
33 million, and they won't pay their firefighters, putting their employees and local communities at risk.
Am i right in guessing that shareholder driven companies want managers rather than leaders who just might behave responsibly more often thañ not.
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I quote J P McEnroe.....You cannot be serious man.................
Boeing not only need to make change but also be seen to really want change. ..This sort of deal won’t do that.
$30 million for not accepting responsibility for cover ups and 360 deaths and profits over safety culture. Rotten to the core.
Do your research he wasn't the CEO during the MAX issues...He took over for that guy. He was gifted a toilet full of poop that couldn't flush.
"33", not 30. Research why this matters.
Profit over safety! It’s true that McDonnell Douglas bought Boeing with its own money..😢
The Boeing board needs to be completely replace, with no golden handshakes.
I think Dennis mullienberg should have been ceo atleast he would have learnt his lesson
Lower level employees get fired for incompetence.. C-Suite get a $30M bonus
Thanks for the update Dj!!
In my opinion Boeing not only neglected safety in their quest for bigger profits. They also neglected investments in new planes. In the end, the Max is the result of preferring yet another update of an old airframe over the engineering of a new narrow body jet. But I guess share holders mainly look at money/profit. From that point of view Calhoun has done a decent job. And share holders can always sell their shares and buy more profitable stock if/when Boeing is completely squeezed out.
Yes they look after money ,sales and stock prices
I don't think he should be getting $33,000,000. He should be getting 16,500,000.
Everybody knows that anyone can run Boeing. Lots of critics and media types would be a big help. Yeah, right….
Shocking unadulterated catastrophe...Boeing are on a downer
😮
Is there a pilot in the Boeing plane????
I am certain Airbus is loving all this drama.
Hardly So
Airbus needs healthy competition to keep them on their toes. While I despise the current and recent Boeing leadership, I hope they will come back better.
AIRBUS doesn't beed anything but yes Boeing need to get their act together as soon as possible @johantorneheim1384
Nope. They will set Airbus up as well. The grand plan is to end commercial aviation.
Why not track down the crew/team/manager responsible at the time the door was installed on that plane and punished them? Maybe if they had a peer review of their work they would take more responsibiliy for their work.
The whole reason Boeing’s quality has gone down is managers/execs cutting corners and punishing people for bringing up things that are broken/malfunctioning on the planes being manufactured.
You’re asking them to continue doing the wrong they are already engaging in.
Makes no sense to pay somebody who is leaving the company.
Just save the money, you guys are going to need it.
As somebody who works in the industry, I find Boeings actions disgusting.
I think Dave did an impossible job and Sending Dave home is the decision which makes no scene. A bonus of this level is totally out of proportion without baring financial responsibility which could also go negative 33 million $
If it’s BOEING
I’m NOT GOING
🤡
Total BS.
Oh, here we have a new prophet. He knows everything better, can do everything better, will fix the Boeing world because he is the new shining omniscient and grass grows on his hand. Pull your head out of your Boeing ass and follow the news. Knowledge is power. You have neither of the one nor the other.
Who are the shareholders?
Look at SEC they should be listed there
@@user-nu1sq2fz8s I meant Vanguard and BlackRock are the first ones. Boeing paid 12 billions to the shareholders in 2017 while they made a 10 billions profit with no increase of turnover the same year. In 2008 the shareholder began to fire the engineers of the board to replace them by financiers. It's impossible to do that with no quality issue but the goal was a good income for the shareholders so it was a good/excellent financial result. Now the real price of Boeing should be zero but most of the shares are part of a "package", there is no direct share emitted, so it is very difficult to sale them because then you must sell other companies shares at the same time, so Boeing shares don't collapse on the market, when they should.
No viable CEO candidate will accept the job if Calhoun will remain on the board. Someone will accept the job … but no competent person will do so
Probably sounds like a lot to you normal people but for a rich business guy that’s basically a leaving card with a $10 bill in it.
Calhoun does not deserve a golden handshake due to his lackluster leadership.
Why we haven’t heard any airbus incident news. Example the airbus which on fire after park at seattle-tacoma airport. The airbus which windows are blow out…..If boeing the news is really fast like a lightning…😅
According to Aviation News incidents on both manufacturers aircraft are similar. Boing however is blatantly negligent in their response to incidents and this is management driven.
@RuAirbus didn't kill 346 people right thClark-zy4uf
Obscene to say the least. The employees have weathered everything these corporate clowns cause. He ought have been fired.
Those executives who backed the payout did so because they too want a whopping payout when their term comes to an end & don't want to upset the apple cart by voting against it & losing out when it's their turn to retire.
Nothings changed
☺️☺️☺️☺️
It’s amazing how rich people always find a way to justify their obscene salaries/bonuses/payouts by citing their hard work or good company performance (in one particular aspect) yet they have thousands of people within the company working just as hard, if not harder yet they would be lucky to be paid half the salary
Capitalism the American way
Calhoun is also responsible for winning a $48.6b contract to modernize 76 B-52 bombers, nearly two third of a billion dollars per aircraft. This might 'earn' Boeing enough to survive a quarter of a century of bad management. After first leaving Seattle for Chicago the Boeing HQ is now near Washington to be better able to profit from the corruption in that town. So Calhoun did some things right and he deserves his $30m.
The B-52 has only be used in anger in colonial type wars as against Vietnam and Afghanistan.
Seeing 787 and 737 Max in formation only highlights Boeing flawed product offer. The 787 at the cutting edge of civil aviation you then have the 737 which is 60 year old design with 21st century tech grafted onto it. The result is two planes that are so dissimilar in cockpit architecture, components and maintenance they might as well be from different manufacturers for the lack of business synergies that are available both to Boeing and their operators between the two types. You need to contrast that with for example how quickly Airbus were able to certify the A330 and A330neo for short fat routes when Boeing created a gap in the market with the delays in deliveries of the larger 737Max aircraft. This was possible because so much of the A330 and A330Neo was already certified for frequent scheduled operations on the A300, A310 and A320 whilst the 787 systems are nearly entirely unique to the 787 and so only certified for its intended long thin operations. Add to that it is only 25% to 30% of the cost of extending and maintaining a flight crew on both the A320 and A330 compared with the 737 and 787. The result is that Airbus was able to offer a significant economic advantage to its A320 customers and increase the utilisation of the A330 fleet and pick up A330 Neo sales when the long haul market was still in post pandemic depression. A disaster for Boeing but win win for Airbus.
Is it because Airbus uses systems while Boeing builds unique competitive products?
How can this be in anyway right, perhaps he can donate the 33 million to a worthwhile charity within the US or to the fund for the families of those killed in the 737 crashes, perhaps the shareholders will reject the proposal, Boeing certainly are in need of funds.
Yep
this is funny
I'll just reiterate what's already been said - rewarded for failure!
It's money that will come with strings attached so that he keeps his mouth shut.
This isn't news, much less 'major news'
What happened to that A321 Neo that caught on fire here in Seattle in the states? Any air worthiness directives on that?
That was a Boeing A321.
@@CaliSteve169 Yeah, no. A 321 Neo
@@jaym8257 I know man, I'm being sarcastic. According to the media, everything is Boeing's fault.
@@CaliSteve169 Hard to tell those with a sense of humor from the deranged anti-Boeing crowd.
@@jaym8257 indeed
Obscene. Boeing has gone truly bonkers. Just for context: how much did Boeing pay each family of the 346 victims of their two 737 max crashes??? But one does not get this data from this channel.
they have not paid dividends in years, so I do not support them giving him a payout.
I hear Dave Calhoun would have received a $50 million bonus if three 737 Maxs had crashed with great loss of life.
Lol 33 again.
It's somewhat amazing to read the comments. Dave Calhoun is indeed the CEO under which these issues came to light. We should ask ourselves, would it have made more sense to fire the employuee on the manufacturing line that wasn't doing their job as required? Dave Calhoun couldn't, remember collective bargaining folks? I am sure he wanted to. Also he was forced from the position, so compensation would be expected. Maybe taking the employee from the linbe and making him/her CEO would be better. This way the general public wouldn't get so upset if these things copntinue happening. No one would expect much from someone who couldn't even tighten the bolts they were tasked to tighten. You want a world's best aircraft, hire the BEST and Highest Trained and Qualified Employees. Return the workplace to a pay for performance workplace instead of the lowest common denominator. Incentivise employees to do and be the best.
He deserves nothing and should refuse to accept it.
What 30 million? This dude should return what he was already paid because he did nothing at all. He and the board of directors that appointed him should have been in prison a long time ago and paying compensationы out of their own pockets to the relatives of the people they killed.
HE NEEDS TO GO AND NO NEED TO STAY EVEN AS PART Of THE BOARD. IF THAT’LL HAPPEN. THIS AMERICAN COMPANY IS DOOMED. PLAIN & SIMPLE.
So, he gets a reward for terrible performance then remains on the board in poor decision making for the future of a company he ruined. Bad management is filtering throughout government and corporations now. Amazing how they have plummeted over the decades.
Lol at filtering remotely negative messages out. Welcome to the big brother world.
apply the same sort of scrutiny to Airbus its a joke
Why they haven't done anything
Boeing Pay Out The CEO,WOW boeing,HE HAVE MISS
Hmm this Chanel only talks about Boeing not much Airbus .. like the Delta Flight that cought on fire in Seattle... one sec if the plane would be Boeing he will talking about it but 100% , Boeing need to fix lots of thing and put safety first before greed yes
Seems like mote people should have voted him out...
Why not sum up all in 20 or less minutes, instead of talking talking NG talking
I would offer to make bad executive decisions for only $15 million
When the Max's were grounded, that CEO might not have left with his full $80 million either. And this CEO did turn around the Co's fortunes: his own that is. Typical Corporatism, with stock buybacks and stock price the big breadwinner. Wouldn't want to stop that, yikes! (sarcasm)
Cowhoon and the us board is the problem. A clear sweep is required for that urgent cultural change with a all new European management team to ensure a complete transformation of the business, culture, and politics which is destroying Boeing...this is really the last chance before bankruptcy and break up within weeks.
Boeing can’t seem to get anything right. Their space division can’t get their capsule right either. Don’t let the FAA off the hook either. I guess greed isn’t so good.
Obviously