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Message
Boeing CEO to step down at the end of the year
Posted on 3/25/24 at 9:04 am
Posted on 3/25/24 at 9:04 am
Surely you can’t be serious…
CNBC
CNBC
quote:
Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant. Chairman of the board Larry Kellner is also stepping down, and Stan Deal, CEO of the commercial airplane unit, is out effective immediately. Boeing executives have faced increasing scrutiny from regulators and customers over quality control problems.
9
Posted on 3/25/24 at 9:07 am to When in Rome
Golden parachutes incoming
Posted on 3/25/24 at 9:07 am to When in Rome
Hopefully a handicapped trans black Muslim woman will finally be installed to xer rightful throne
Posted on 3/25/24 at 9:08 am to When in Rome
He should. Hire an ENGINEER!
Posted on 3/25/24 at 9:21 am to When in Rome
Is this the guy who, in the wake of all the safety problems Boeing has faced, makes a speech talking about diversity ?
Yea…it’s time for him to go !
Yea…it’s time for him to go !
Posted on 3/25/24 at 9:23 am to When in Rome
Imagine being so protected that even if you’re absolutely horrible at your job, you get to “step down” from it nine months from now as opposed to showing up and no longer having access to the building and network.
Posted on 3/25/24 at 9:24 am to Dadren
Buy the dip on their stock. They will bounce back
Posted on 3/25/24 at 9:24 am to GetCocky11
quote:I think the last CEO got $60 mil give or take
Golden parachutes incoming
This post was edited on 3/25/24 at 9:26 am
Posted on 3/25/24 at 9:28 am to Dadren
quote:
Imagine being so protected that even if you’re absolutely horrible at your job, you get to “step down” from it nine months from now as opposed to showing up and no longer having access to the building and network.
The protection is for the company and stock price, not that dude. But yeah, pretty amazing how once you get into certain clubs, you're rewarded handsomely even if you're a complete frickup.
He'll probably even get another CEO gig somewhere since he's "an experienced CEO that comes from Boeing" (never mind the fact that his experience was as a piss poor CEO).
Posted on 3/25/24 at 9:29 am to dallastiger55
quote:Just like their wheels when they fall out of the air
They will bounce back
jk though, I agree with your post
Posted on 3/25/24 at 9:45 am to Dadren
quote:
Imagine being so protected that even if you’re absolutely horrible at your job, you get to “step down” from it nine months from now as opposed to showing up and no longer having access to the building and network.
Replacing a CEO is not exactly a two week notice training type of gig. This is more likely an indication they are bringing in someone from outside the top 5 or so executives at Boeing or they don’t know who they are hiring.
Posted on 3/25/24 at 9:47 am to evil cockroach
quote:
I think the last CEO got $60 mil give or take
Failed football coach and failed CEO is what we should all strive for in life
Posted on 3/25/24 at 10:01 am to When in Rome
Two years too late IMO
Posted on 3/25/24 at 10:08 am to GetCocky11
quote:
Golden parachutes incoming
Parachutes are always a good idea when flying Boeing.
Posted on 3/25/24 at 10:25 am to dallastiger55
quote:
Buy the dip on their stock. They will bounce back
Of course they will, they have one competitor.
Posted on 3/25/24 at 10:40 am to When in Rome
“You suck at your job and we’ll pay you generational wealth to leave.”
Nice gig.
Nice gig.
Posted on 3/25/24 at 11:32 am to When in Rome
Have pilots and engineers calling the shots and the problems will be fixed.
Posted on 3/25/24 at 12:55 pm to baldona
quote:
Replacing a CEO is not exactly a two week notice training type of gig. This is more likely an indication they are bringing in someone from outside the top 5 or so executives at Boeing or they don’t know who they are hiring.
Every company, and especially a company like Boeing has an executive succession plan. They’re not going to take 9 months finding someone to fill his role if he drops dead tomorrow. They’d slide an interim in who is already in the C suite.
Posted on 3/25/24 at 12:59 pm to Dadren
Its not like it's November. Takin' 9 months to find a replacement part sounds like something this company would do.
This post was edited on 3/25/24 at 1:00 pm
Posted on 3/25/24 at 1:28 pm to Dadren
quote:
Every company, and especially a company like Boeing has an executive succession plan.
I work for a major Accounting & Consulting firm and I can 100% assure you that your statement is completely wrong. All of my clients are in the Fortune 500. Part of my job is assessing financial internal controls, with a big one being succession plans. I am shocked if a company not only has them in place, but if they are actually effective.
You're greatly over-estimating this
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