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Full Version: Boeing may turn to outsider CEO to tackle spiraling crisis
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By Allison Lampert and Tim Hepher
March 26, 20249:23 PM GMT+8Updated 13 hours ago


March 26 (Reuters) - Boeing's (BA.N), opens new tab board has begun the search for a big-hitter to take the helm of the troubled planemaker following the turbulent tenure of CEO Dave Calhoun, with many industry executives and analysts predicting it will seek an outside remedy.

Facing mounting pressure from airlines, regulators and investors, Boeing on Monday announced a broader than expected shakeup with Calhoun, 66, stepping down by year-end on the heels of the company's commercial planemaking chief and its chairman.

The U.S. planemaker has been wrestling with a growing crisis following a January mid-air panel blowout on a 737 MAX plane.

The new CEO will face numerous tasks, including improving the company's safety culture, addressing quality issues and regaining the trust of regulators, customers and the public.

......

unions, some of whom are entering a new phase of contract negotiations, want a return to basics after widespread criticism that Boeing has promoted shareholder value over quality and safety.

Ray Goforth, executive director of a key union at Boeing and Spirit, said the planemaker's next CEO should be an engineer.

"This company thrived under engineering leadership for decades, but has lurched from crisis to crisis," said the head of union SPEEA, which counts engineers among its members.


https://www.reuters.com/business/aerospa...024-03-26/
The whole system is rotten to the core liao!

大厦将倾,非一木所支也。 Laughing
(27-03-2024, 10:00 AM)Levin Wrote: [ -> ]unions, some of whom are entering a new phase of contract negotiations, want a return to basics after widespread criticism that Boeing has promoted shareholder value over quality and safety.

Ray Goforth, executive director of a key union at Boeing and Spirit, said the planemaker's next CEO should be an engineer.

"This company thrived under engineering leadership for decades, but has lurched from crisis to crisis," said the head of union SPEEA, which counts engineers among its members.


https://www.reuters.com/business/aerospa...024-03-26/

Reminded me of SMRT.
This is what happends to corporate America when they let the wall street shareholder "value" obsessed executives run an engineering company instead of people who are real engineers.

You see more and more of such examples permeating corporate America which ultimately leads to loss of human lives and eventually terminal decline of the US of A while the likes of China catch up and overtake them regarding engineering.