Claybird

https://www.nbcnews.com/business/business-news/boeing-ceo-dave-calhoun-slew-executives-step-safety-crisis-rcna144882

https://boeing.mediaroom.com/2024-03-25-CEO-Message-to-Employees

In addition to these changes, Boeing Commercial Airplanes President and Chief Executive Officer Stan Deal will retire from the company and Stephanie Pope will lead our BCA business, effective today. I want to thank Stan for his many contributions and dedication since first joining our ranks 38 years ago, and for his tireless service as our BCA leader during an uncommonly difficult period for our company and for our industry.

Bestglide

https://www.seattletimes.com/busines...ship-shake-up/

should be a lot sooner IMO. Thoughts?

skruts

But will the next guy increase shareholder value?

Guard Meow

What's the bet on his bonus when he leaves? I say 80mil

RJSAviator76

The more the merrier.... all of the top leadership needs to go, along with the bean counters.

Bestglide

I agree except I think they will replace him and his top cronies with the same old MBA guys that put the all mighty dollar over safety every time.
It's going to take a huge undertaking to get rid of the McDonnell Douglas management they inherited from the merger. Unfortunately this affects us all in career progression.

Ice Bear

TransWorld

Another accounting person heading Boeing? I hope she works to fix the quality problems. But I was hopeful they would name an engineer. The training and culture of most accountants and engineers are worlds appart.

SonicFlyer

I think that flushing the top leadership was the only way to recover the PR disaster.

Even if these guys changed course and did everything right from here forward I don't think it would be enough to change public opinion. Only a true "fresh start" would be what does it in the minds of the public I think. I could be wrong though...

DeltaboundRedux

2017: Boeing faces criminal charges stemming from KC-767 military contract awards. Fines and jail time for senior Boeing executives. The Boeing Tanker Case

2021: Boeing faced criminal charges relating to the 2 737 MAX crashes. $2.5 billion dollar settlement. US v. The Boeing Company

2024: DOJ opens criminal investigation over the Alaska mid-exit door plug incident. Boeing Plug Door Investigation

Senior executives and CEO's were at one time held criminally liable for their company's malfesence. There was a shift in the early 2000's away from this after the prosecution of executives at Enron caused the collapse not just of Enron but their accounting firm Arthur Andersen went out of business and put almost 30,000 people out of work.

Google "The Holder Doctrine", if you're curious.

The idea was that it was better to fine large corporations huge dollar amounts to punish them instead of causing them to go out of business and put the innocent working stiffs on the street. It's a large part why no bankers went to jail after the 2008 mortgage meltdown.

Is it approriate in this case? I don't know. But unlike financial products where only blanance sheets take a hit and the taxpayers get soaked, commercial airliners being perceived as unsafe tend to have longer lasting consequences.

"Too big to fail, too big to jail" certainly must apply to Boeing, so it's hard to imagine much will change. Maybe it shouldn't. But it's something to watch.