Boeing CEO Dave Calhoun: Stepping down was my decision
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- Опубликовано: 24 мар 2024
- CNBC’s Phil LeBeau and Boeing CEO Dave Calhoun join 'Squawk Box' to discuss the leadership shake-up at the company, his resignation as company CEO at the end of the year, airline CEOs meeting with Boeing's board of directors, quality control issues facing the company, and more.
You're stepping down because you failed.
He didnt fail. He doesnt take decisions byhimself. Going 3rd party etc. It's all complete decision.
@@supernotnaturalthat’s like saying I didn’t 💩 my pants I just painted it brown.
@@supernotnatural Do you know what a CEO does in a company?
@@georgibg Boeing Commercial Airplanes even posted a $41M profit in the fourth quarter-the first profitable quarter since he the beginning of 2019.
They did great better than expected at 2023.
All stakeholders care money
@@georgibgyour talking to people that failed middle school lol
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Ok and how about the whistlebllower who, conveniently and very timely, "committed suicide?"
Boeing: The sound of the wheels falling off the plane youre currently on
He killed people because of his extreme greed.
His responsilibility is to make money, not make people live. Otherwise stockholders find someone else to make money
@@supernotnaturalyou're not wrong. Your argument tho has a gaping hole. You're gonna have to justify how aircraft with some aspects of quality so bad that it leads to people dying will result in the company making money. How is he making money off of that??
@@chaoticrealm777 ". Boeing Commercial Airplanes even posted a $41M profit in the fourth quarter-the first profitable quarter since the beginning of 2019. "
And he is still walking away with a lot of money!
@@supernotnatural Bravo!
Accountants and MBAs are running an engineering company. How ridiculous is that???
Don't mix everybody. Accountants are needed and are usually very conservative. You are talking about the financiers and the get rich MBA gamblers.
DEI is running the f--ing show now...didn't get that memo?
@@rolexomegaspecialist9411agreed, political correctness has brought in too many non qualified candidates who are placed in important positions. They are doing fake it till make it.😢
@@rolexomegaspecialist9411no it's all about money and greed stop using stupid meaningless buzz words......I assume you can think....
@@TheRightONe-et3gh Same people.
Rats leaving a sinking ship ?
Yeah with millions and millions of dollars. "PATHETIC "
As always.
@@EbenezerNimhgolden parashute
More like a nosediving plane
Precisely
Tell us details about your exit package?
NONE of your business Little-Man....
ever see a thief act like he's doing you a favor....at $22.5 million a year salary...why depart early and leave $20 million on the table.....unregulated capitalism run amok...he comes from private equity, the only thing he knows about a plane is what the first class seats are like, course now he flies private
Nobody is worth $22.5 million in pay unless their a skilled surgeon! Even there we draw the line at $500,000 yearly.
This is not capitalism! This is corruption. Lobbying is what creates this mess.
This is the problem with Boeing, arrogant. There's a failing CEO, speaking about his departure as if it's a victory lap. No accountability, no ownership, no regret, no apologies.
Yea the more I listened, the more I realize it’s the folks around him and the system that bred this mentality. He could probably care less about his tone in relation to the public and media; he’s concerned about his tone in relation to the board and the other 20-30 executives involved. They all probably think the same way and speak the same way. Notice he stroked several backs. “Yeah! Billy, Jaime, Todd, Samantha! All great stuff. Great work. All deliberate. They’re all studs.” It’s the boys club and they’re insulated. Hope it all goes to shxt for them frankly. Hopefully the rest of the honest folks can find better work.
If I didn’t know the whole story I would think he is parading Himself for winning big
@@kbrizy7490 A bunch of psycopaths, no more.
He could be a murder of the whistle-blower of Boeing. As a taxpayer, I demand our government agencies FBI, CIA to investigate this guy's potential involvement in the murder.
CIA doesn't operate on the US soil.
So they say
It wasn't his decision, and left with a nice going away present.
Perhaps staying on board until he gets his bonus.
Was murdering the whistle-blower also your decision?
Do you really believe Calhoun was involved?
He probably has guys that do it for him. A fat Italian guy with a ponytail tail and a cigar hanging out of his mouth.
@@alexrebmann1253possibly or some dark government entity...all those military contracts.
@@alexrebmann1253 Who knows? Unless the whistleblower was specifically testifying about stuff specifically tied to Calhoun, I doubt it. It could be a revenge hit from disgruntled former Boeing officer.
That being said, it is time for leadership change in Boeing. Even if Calhoun wasn’t necessarily the cause of the corporate culture, he’s not the leader Boeing needs.
@@SunnyHF-nf4bc He was in charge when it happened. He's responsible.
Chief Executives: where competence goes to die, while pay levels are over 2000 times Ronnie and Rosie Rivetor's.
DEI...went to HARVARD to die that death.
-
YOUR pay level is better than 98% of the Earth, but your 'plan' is just WHAT exactly to compete...DEI??!!
lol "Why now?"
It’s a mystery 😂
Airbus has invested significantly in QA that's why they are on top.
And DEI isn't running the show in Europe...
Airbus gets free money from the EU also.
Yet they copy
Boeing in its golden days used to be managed by engineers. Now you have a bunch of businessmen making executive decisions, and that's a big red flag.
Executives who want nothing more than to crush the Engineering union along the way!
That is a superficial way of looking at it. Previous CEO Muilenburg, who totally botched the handling of the MAX problems, was an engineer. Deal, the current head of Boeing Commercial Airplanes us an engineer. Pope, who will replace Deal, is not. That doesn't concern me. What matters is whether the new CEO, along with the board and senior executives, will put building the best airplanes at the top of their agenda.
Same with all of the Technology field. Businessmen are a holes and just want a sell, they don't care about the integrity of a product.
This is one screwed up company. It went into high gear when they moved headquarters to Chicago.
GE influence.
Stand down? More like getting away with a nice big pay check. Another one will come, push for quarterly profits, products become garbage. People may or may not die. Rinse and repeat this process.
Yep.
That's why he looks so happy in this interview.
Until they put engineers in mgmt and board, i have zero faith in boeing.
Engineers arent taugh how to run a company. You would know the difference if you were an engineer
@supernotnatural there are engineers who become some of the best ceo's and finance industry experts... where you start out isn't where you end up, life is long, but the current management has blinders on and Boeing is going to be bleeding their best engineers soon and current mgmt has zero credibility, they need a no nonsense guy who focuses on basics and engineering at the helm who can cut out all the bad mgmt which is breaking the company, Maybe he's only there for 3yrs but The entire culture of company needs revamp
@@supernotnatural Are you an engineer? If you have an engineering degree then you would know how it is the only real degree, and that all those kids who majored in business administration did it cause it was easy and allowed them to spend most of their time partying. An engineer is smart enough to get a business administration degree 10 times over.
Go now!
His head has the aerodynamics of a union boss, well he did run Boeing into the ground like a union boss
And allegedly murdered a few people along the way too
Like a 747.
Running away
@elastictube1313 If he’s not the right guy to clean up the company, there’s no reason for him to continue being CEO. Would you prefer Boeing keep him?
His name was John Barnett
RIP
As Boeing employee things seem to be going in the right direction. Don't knit if bringing in a new ceo is gonna be the right answer. That's the number one problem at Boeing. Pretty much every person in a high position comes from outside Boeing and has no idea what's going on. They need to bring more people up withing the company starting from the bottom up.
Thats a damn shame. This guy was the best CEO AIRBUS could have wished for.....
He had an actual job to do as ceo with responsiblilites and he ran away not the good ole days of short work weeks plqying golf and blaming everyone else circa early 2000s.
«to the financial community about the slowdown in our factory. Our determination to get ahead of that”
And how do you intend to get ahead of it?
Still doesn’t get it….incredible
He walks away with a paycheck while the engineers and PR has to clean up his mess that he left behind. I believe Boeing can recover from this.
2:36 Don’t you think he got kicked out because the board met with airline CEOs, Without Dave and asked them to get rid of Dave? He is presenting it as “stepping down” but smells like “forced out”.
prosecution ? anyone ?
Ah yes, the peanut gallery chimes in. Degree in the 'soft-skills' perhaps?
The question to ask CEO is: who is your chief safety officer? Does this person report directly to the CEO? What were your safety goals and objectives in the most recent strategic plan? How many employees are employed in a direct safety role? If your company is in any business sector that has the potential to harm people then safety better play a key and prominent role.
This guy rocked Nielsen with the "rush and burn" mentality before leading Boeing to a failure. I am surprised he wasn't ousted earlier.
just admit your incompetence and go ASAP quitely
Dave is acting pretty defensive in his answers. 🤔.
Tightened qc procedures after each work order completed on a plane.
BA has to set up strict QC procedure immediately.
I would like to see a new CEO work with Pope to make changes which restore confidence in Boeing Commercial Airplanes. I want to see her succeed. Will the board recognize the need for fundamental changes?
Why we have not seen the episode of "CNBC American Greed: Boeing" even though this has been going on for years and even the whistleblower was killed to not tell the truth of Boeing?!?!?!?!?!?!
He saves his dignity by leaving and has no shame for what has happened during his Boeing CEO tenure.
If it’s not an airbus , I would not fly, all thanks to you sir😂
Calhoon has been trying to “fix” the quality problem for years with apparently no result. The way to fix a quality problem is to fire every middle manager on the specific line, and work your way up the chain. Then promote every line worker that brings up a valid quality concern and solution.
Time to cut bait and take that $22 mil/year salary plus stock options for totally failing at turning Boeing around. I swear the best CEO skill set today is selling the BS to the believers.
Or that DEI shyte sold to the masses
Stepping down was my decision.... "...after the board indicated they wanted me out".
The last five years is when Boeing went to crap.
Nah, it was after the merger
Birth of DEI coincidence?
@@danlee2191 I agree, but it was the last five years when they started pushing production to the point they were building junk.
It started post 911.
Engineers used to run Boeing. Now the bean counters got in, quality has been compromised.
Got out before he was pushed out. He should be ashamed of the way he managed Boeing into a disrespectful mess.
Boeing: "It's going to take a whole lot of layoffs to ensure we meet our executive bonuses and positive stock forecasts."
Lies!! The Boeing board extended the retirement age for CEO’s from 65 to 70 in 2021, because Calhoun wanted stay on board for 5 more years as CEO. But now all of a sudden Calhoun is “voluntarily” stepping down, just a week after the airline CEO’s requested to talk to the board WITHOUT Calhoun and Deal? I call BS!
Perhaps. Face-saving is normal, so it doesn't matter.
If that is really true,and is he lying about that.Begs the question,what else may he be lying about?
@@jameskilrain38 Look it up. It’s public information!
Board also needs to go. Or it will have more people dying on their airplanes.
well nothing happens for him.. He walks away with millions of dollars. Its only the poor employees who have to undergo the shitstorm at Boeing. 😢😢
He'll probably leave with millions in severence and no penalties for leaving a key strategic company in ruins for other people to fix.... the American leadership way.
It doesn't really mean much unless they put someone with proper expertise in his place. If they are just going to continue putting corporate people in charge rather than those with engineer experience you might as well just break boeing apart like they did with Bell Telephone.
Great idea.All for it.
CEO’s NEVER lose money when they retire, the ‘consequences’ they pay for poor performance is ridiculous. When you already are rich and have more money than you can spend in a lifetime, multimillion dollar fines have no teeth. Until Boeing sets up an organizational structure with an INDEPENDENT QA, Test and Safety Organization, with a senior executive level position reporting to ONLY the CEO, they will continue to have problems. As long as QA and Test reside under production or engineering, there can be no real change for the better, or path forward. Finally, continuing the woke moves of putting DEI ahead of all other qualifications for leadership positions, will result in continued problems and discontent in the workforce.
He should leave immediately. Why wait another 8 months?
An orderly transition is in the best interests of the company.
Isn’t he the guy in that Boeing documentary who seemingly implied that if MCAS went haywire with American pilots, those 2 planes that crashed wouldn’t have?
You tell us? Muilenburg was CEO at the time of those crashes, and he was saying things like that. If Calhoun said it, please cite the source precisely.
@@GH-oi2jf PBS FRONTLINE-Boeings fatal flaw…precisely!! Respectfully!
Now he has a reason not to be in the office.
I hope that it was his decision in the sense that they told him: "Leave or get fired" So he's choosing to leave. Under his leadership Boeing has become incrementally scary.
I am so sorry about that Boeing has such poor and foolish leader that he didn't apologize to the people killed by his company's airplanes and he was still trying to argue for his position and he is still playing politics...Why is he fired right immediately?
The real work begins and this guy wants out. No more short work weeks and casual friday with family in colorado or florida. Kick the can and take money. Dem party had influence in this as well the HQ for boeing is chicago a blue city. Tax breaks city gives them are gonna be used as leverage for change and he wants out .
I remember Conan O'Brian's speech at a commencement ceremony where he said'" all MBA graduates should be sent directly to prison".
Let someone else clean by mess... and where is my big check?
If you watch the video without the audio or captions you get the real message. Platitudes can’t take take back years of inaction or ineffective action.
good reporting john!
"My decision?" He's SO brave.
Investigate him! Investigate him!
Investigate a lot of things and persons.Especially John Barnett,s "suicide"?
Show the face of the person(s) responsible for the door and the tire.
The question is what happened? What happened with the spirit of pride of making airplanes and caring for your customers, now companies only worry about their own interests
You go to jail
Have all board members and executives fly on their own Product as a mandated rule. Problem solved.
He doesn’t want to go right now, because his stock options and his golden parachute may not be as lucrative if he left now..
Never put a non technical guy in charge of a technical business. You'd think the lesson was learned by now.
“Let’s avoid the question about the whistleblower committing suicide when he was asked by Boeing’s legal team to stay an extra day for questions” 😶
Just a little bit more … Calhoun’s bad deeds kept getting worse. Apparently it took a lot for Calhoun to actually be held accountable (or at least feel threatened with accountability) … the FBI jumping in and the violent elimination of Calhoun’s nemesis (the now deceased whistle blower who passed away violently in a parking lot just hours before his scheduled testimony).
How come this guy is not going straight to jail for having put so many lives at risk?!
TOO LITTLE TOO LATE , garbage .
This is the 3rd company that Calhoun and his cronies have destroyed in the name of "shareholder value". I had the misfortune of working at the 2nd of those, Nielsen. It's the same playbook at each one: cut competent staff, then outsource to low-quality firms so you can make the company seem profitable in the short-term based entirely on cutting costs in an unsustainable manner, and finally leave when the s**t starts to hit the fan. Luckily, Nielsen wasn't in a business where people's lives are on the line. I hope no other company hires him, but someone likely will because they only care about money.
That's quite a PR spin. I'm sure it has nothing to do with the state of the company.
under Calhoun it got worse , he should go to prison , he was hired to solve the problem ,not make things worse.
His title should have been CIO - Chief Incompetence Officer.
Stepping down doesn't undo the deaths under his leadership.
Space x rocket never risk its people 😅
DC: The plan is to slow down production to fix the issues (I am paraphrasing)
Interviewer : You have been in charge since 2010-2011, so why didn't you slow down before?
DC: We didn't produce any Max in 2020
HOLD ON!
If you already implemented this strategy of slowing down but we are here with the current issues, what will be different this time around?
From my perspective, this will be different: he is running away to "retire" (he recently discovered he is turning 68 soon -- okkkkkkkkk) & someone new will be saying those same words while NOTHING will improve because the ISSUE IS NOT SPEED - is SAFETY & Quality control with enough PEOPLE, to not allow the same individuals who do a specific work, to "inspect" & "certify" their own work.
This is the most absurd thing I've ever heard, and I have never seen it even in small corporations, so Boeing absolutely has no excuse for that.
Something as basic as translating books (which I personally do from time to time) needs 1 person translating & another proofreading to maximize quality.
That silly line of "everyone should be able to raise their hands" is EXACTLY what "whistle blowers" did & were either fired or ignored.
You do not need people raising their hands. That is REACTIVE.
You need qualified people in a proper structure to be vigilant about quality control to avoid issues & manage them when they appear, which is PROACTIVE & professional.
Why is this so hard to address?
AHHH yesssss... it costs money!!
What a joke !
He still takes zero accountability for his role in the deaths of 300+ people and the consistent failures his company has had due to him. Slowing down does not fix the problem. They need to get rid of accountants and move back towards actual innovation at the board/ corporate level. Step one should be moving the headquarters back to Seattle, Step two should be the gut the board in the entire corporate office of Boeing, Step three force, the FAA to regulate their products they should decline to self regulate. They have zero interest in fixing this. They are still thinking about the stock price.
The timing of tarnishing Being is very coincidence when one Airline company is about to replace huge numbers of 737,investigate deeper and identify the culprits who loosen the bolts.
Throw this man and the shareholders in jail
He needs to be put in jail cell with big bubba. A total national embarrassment.
Congress is the embarrassment
I don't care about their millions Im a retired nurse I have a modest adequate income the respect of my community clean conscious of a job well done helping people can sleep at night loving family from the heart proud of my contribution to society these grifters will never have what I have
Jack Welch Jr…..maybe after he retires he too can write a book about how to help ruin a great American company……
I appreciate he step down before it getting worse 😅
I can’t stand to look at this guy, let alone listen to him. Regret pulling up this content.
Boeing CEO's/Executives' legacy: Failure to lead and to leave when their leadership failed. By staying in failure, they literally almost bankrupted the company. I want to fly only on Airbuses for the next few years.
This man earns 33 million per year. What an absolute shower! Look at the mess he's created. Should be held financially liable ...
Who put the hit on the whistleblower?
he,.the ex ceo, and board members should be criminally investigated.
How about hiring people who do the right thing before Congres, the FBI, NSA, FAA, and US airlines force Boeing to realise reality?
Boeing have gone crazy. Avoid this company.
He is praising himself for killing people for profit . Lock him up
Nothing to do with me. I am just retiring after wrecking the company
The company should package MAX as a subscription service for airlines because MAX is advanced AI software. The subscription model would scale quality and safety for the MAX. The CEO should stay on for two more years or so.
Stepping down is the right thing but it’s not soon enough.
Why did he not fix it? He was there long enough.