Boeing CEO Resigns Amidst 737 MAX Crisis Top Management Shakeup
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- Опубликовано: 24 мар 2024
- The fallout from Alaska Airlines flight 1282 continues as Boeing has announced that its CEO, David Calhoun, will step down from this position at the end of 2024. Other company executives have also announced that they’ll either be retiring or not seeking re-election for their positions.
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Resign?
The entire board should be thrown in jail, especailly after that whistleblower 'silenced themselves'.
Without any evidence or proof? No trial? You'd love dictatorships like North Korea or China.
Agree 100%
How many was there?
Some investigation might be in order first....
nah nah nah, just replace them with vibrant youth of darke rpgiments , you BIGOT
This is nothing for him. He will probably get millions in compensations. And no actual responsibility towards law.
he actually will.................unfortunately.
FBI is investigating, finally. I'm hopeful that they take their investigation all the way to the top. That's where this started.
Criminal charges must follow the financially profiting people
For something that should have already happened, waiting till the end of 2024 is unacceptable.
agree,,
I know this is just more performance. I definitely am not gaining confidence in boeing while this parasite obviously just feathers his nest and drags out any possibility of improvement.
"Retiring." They're just jumping out of the falling plane with their golden parachutes.
Just like the old executives
At least the door won’t get in the way.
@@NinjaRunningWild good one
Should have been fired, not resigning...but it is about time and the buck must stop with him!
He hasn't resigned -- the title is false.
@@rdbchaseresigns/resigning not resigned. The title is fine.
@@cowarddonnie-ji5yzWrong, you just can't distinguish the present from the future or the indicative from the conditional.
Labor laws, he’d sue
Unfortunately, the expedient way is to blame everything on him. Which will not change the root causes of Boeings’ problems. Instead placing blame on one person will do what it always does, give those hiding behind this CEO to go back to doing what they were doing before, with little to no substantive change. The corporate culture needs to change. To make Boeing great again, it will be necessary to replace the accounts running the company out to pasture and replace them and their mindset with real engineering managers who know how to identify and solve real engineering problems using their expertise in technology applications rather than numbers accounting prowess. It is rather simple. Build it properly and they (the customers) will come back. Continue to build it cheaply and they will continue to go elsewhere!
Until the engineers are back in charge of Boeing nothing will change. Keep the bean counters in management positions and the ship will keep sinking.
absolutely agree
Phil Condit wasn't a engineer?
"...and the planes will keep sinking."""
FTFY
Rearranging the deck chairs of the Titanic. Full speed ahead!
RIP John Barnett.
Who killed himself
@@gamm8939Which is highly doubtful
@@gamm8939 lol no Boeing set the hit job
So let me get this straight, after the debacle in 2018 and 2019 with the max planes, they replaced the CEO. And now they're doing the same thing after the 2024 debacle. Something tells me this isn't going to fix the problem.
I couldn't say it better
Golden parachute is the term.
Written into contract.
Parachutes recommended for passengers on flights performed with Boeing 737.
Need the engineers back in charge.
Well product people or engineers. Back to building airplanes, not shareholder value! Such amazing heritage must be protected!
8+ months to go out, and they are basically getting replaced by ppl brought up in that corporate culture.
Another game of musical chairs at Boeing, FAA next ?
put me in coach
The trash is taking itself out
And then new trash will come in
@@mix737.lmao😂
@@mix737. probably 😂
And it takes 8 months to do so.
@@Milo-id9qd the reality of modern-day business
They have to reinstate the original culture of Boeing.
That won't happen until the Tax structure changes. Reagan first but also Trump and Dubya INCENTIVIZED the extraction of profits because executives pay themselves in Stock Options now. Salaries are "for losers" under Reaganomics.
Where are the engineers? Bean counters only care about profits, not safety and quality.
Engineers over accountants!
With how many millions in his pocket?
*their
Hey, you have to pay MBAs well for their hard work navigating the difficult periods (that they created).
if not billions...
$25M
David Calhoun…I’ll resign…but not before I get paid another 90 million in salary and stock options.
Was creating all that shareholder value worth it? They need to reset back to the engineering focused company they used to be before McDonnell Douglas took over their management
Only if the shareholders were tipped off by the executives how they were stripmining the company from the inside so they knew to get out before the consequences hit.
When Boeing decided to split locations of engineering and management, the future became troublesome!!
Must be forced out immediately & all jailed & compensating all losing shareholders!
Total commitment to safety and quality.
Prove it !
I wonder how much they’ll get for resigning? They should be fired and tried for culpability in the deaths of all those people killed in the 737 Max crashes.
Yes, Calhoun needs to stick around for his year end bonuses and stock options. 😜
My thoughts exactly! 😂
He doesn't leave until the end of the year so that he can still take the bonus with him - yes, those people are like that! The USA is abolishing itself - they don't even need Trump to do that.
Until engineers are put into the top leadership, DEI hires and bean counters will continue to make tradeoffs with safety.
Too little too late...
Why are these criminals not locked up?
At this rate, they should recruit their next CEO from McDonald's, the same place they hired the people to build their new planes.
Boeing should come back to product focus without stop in innovation
If only William E. Boeing was alive today…
Wow, so it seems everyone but the the employee who didn't tighten the bolts correctly has resigned or was released. And people wonder why manufacturing left the USA.
Tighten the bolts ??? The bolts were missing and were not installed ! And the work was not checked, not recorded and not signed off on. So much for Boeing QA/QC procedures!
@@johnrday2023the bolts were there when delivered from Wichita.
The door was taken out to fix rivets. After the repair work the bolts were not reinstalled
@@soccerguy2433Repaired by whom?
Everyone’s abandoning ship; they should ground that airplane for good.
And takes the golden parachute, well played.
I think the failure to install the bolts, assuming someone else would discover and do it, is grounds to prosecution for the workers assigned.
Company should be scrapped and criminal charges made.
Cool. So now’s he got plenty of time to be in jail soon right?
How many millions is he getting for his hard work?
About time. Calhoun should have stepped down or been dismissed years ago.
That’s just reminds me of those old says “the rats leave the ship first”. Boeing will go under, but their severance package will already be pocket in (and no “stock options” for sure.
But they will get compensation packages never heard of before! 🤢🤮🤯🤡🤦♂️
Current Airbus CEO is aerospace engineer. All 3 Boeing CEO, including the one coming, are either business or accounting background. Tesla CEO, or Nvidia CEO, they are all engineers from respective subjects. Engineers has vision and knowledge of product. MBAs will just keep cutting conor and find cheaper supplies. Boeing is done at this point.
Congratulations
Finally!! Big W
About time...
No. It's too late.
I was wondering when he would finally do this.
Now the Board of Directors need to go. They are the enablers of the CEO’s policies.
About time
No one seems to care for the legacy of this great company anymore. This future is in tatters 😢
He has aged out, he needed to seek permission from the board to continue and they likely would not approve it anyway.
The other thing to not is this is the time of year when the Boeing bonus pays out, it’s always around this time of year when executives and rank and file make decisions about retirement. If they are not employed around this time they don’t get the bonus.
Like rearranging the deck chairs on the Titanic...
What do _I_ think? I think the answer is obvious. What made Boeing the great company it was before the merger with…and takeover by...McDonnell Douglas? Whatever it was make the company like *_that_* again. _Exactly how obvious does the answer have to be?_ Put executives who are engineers in control of the company in those areas that are critical to its long-term vision and safety and quality first ethos. Vertically integrate…like so many other extremely successful companies.
now whos the backup plan this time
What is the impact on Executive Compensation? The key question at Boeing since Phil Conduit.
They should put engineers back in charge, like they did before taking over McDonnell Douglas.
It was McDonnell Douglas they took over 👍
Sadly, that's far off from happening
I've heard but don't know if it's true that Boeing didn't start moving towards where they are now until after they grandfathered in some of the MD execs - remember the DC-10 disasters?
@@TheHelpfulFoxSenkoSan you are right, my bad.
Cover-ups were happening well before MDD merger
What good will that do
Only the CEO? Where are the board members? Who are they and why they arent being investigated?
He tried his darndest to not own it. Took the cowardly way out of the fire.
He wants to spend more time tightening the bolts on his garden shed.
Or bank fault
There are some bolts in prison that need tightening...
Criminal charges go!
About time
Fantastic now put the engineers in charge in the top brass.
I want the 737 MAX 7 and MAX 10 to be Certificated and Fix all his Quality Control, Production and 737 MAX Problems and Delivery Delays.
This company has got more goddamn problems than I ever expected. Companies have problems, but I don’t think there’s that many out there. Boeing management has let it fall apart management has to change.😮
this guy made dennis muilenbrug look good. he will not be missed.
I wonder how much bonus he will pick up to leave the company like Ex CEO Dennis Mullenburg still lump sum bonus from the employee.
Whats there bonus
Any guesses on the CEO’s golden handshake on departure?
also, do they, by resigning instead of being ousted, still can claim their bonuses and free shares?
Between Airbus and Boeing, Boeing had the winning strategy when Airbus went for the hub and spoke model. Airbus was floundering when Boeing produced smaller efficient airplanes that can land in any airport.
Boeing literally grabbed defeat from the jaws of victory by being complacent with their labor force and QAs issues.
These executives are making business decisions that are very short sighted. It’s a damn shame and embarrassment let alone criminal.
Good
Should have been fired. Now interrogate him and find out "silenced" the whistleblower
It’s about time Calhoun left! The entire board should resign. They all had to know what was going on with the 737.
I dont think they "had to know", but I sure think they "should have known".
Didn't resign if he's still at the position.
Wonder if Lockheed will jump back into commercial aircraft?
Sounds more like brushing off responsibility.
Interesting that the thumbnail has been greyed, like for someone who passed away. Usually they have been very colourful. 🤔
No surprise there …….all the top leaders should have been sacked with no bonuses……..! 😊
He’s probably terrified of going to be another plane crash while he’s in control he wants to get out before it happens
NOT ENOUGH PUT HIM IN JAIL
Sure he hired the hit on John Barnett.
I believe that some airlines were involved to in taking out the Boeing Whistleblower.
And the best Boeing could say is "Our thoughts and prayers"...
They'll just fly away on their 'golden parachutes' to infect another company...🙄
C-level execs don’t get fired. Unwritten rule.
The rats are jumping ship or should I say plane? I am sure they will get very nice golden parachutes for all of their hard work.
I thought they had been kicked out?
Pfft, this is just standard procedure when fit hits shan. They'll golden parachute out and all will remain the same.
Phil Condit, Alan Mulally, Ray Conner, anyone available? please come back !!
Not enough
What difference does it make? It’s always been the board of directors. The CEO is just the fall guy. Nothing at Boeing will change.
How many millions does he walk away with???
Revolving door
Why is he in the job for one more day - let alone for the rest of the year? He should be held to account for criminal negligence
When did Enron start building airplanes?
Way to take the golden parachute instead of taking the blame and risking going to jail.
I hope they pick the right CEO for this one
They need to be jailed for putting greed over safety
Stan Deal = Aerospace engineer -> Stephanie Pope = Accountant; so no lesson was learned
😮
Good. If they know whats good for them, they'll bring the engineers back to the forefront. Will they though? I won't hold my breath.
Don't feel like fixing my mess, so I quit. Hand me my golden parachute.