https://www.thestreet.com/investing...s-muilenberg-after-months-long-737-max-crisis HA HA HA HA HA HA Boeing Dumps CEO Dennis Muilenburg After Months-Long 737 MAX Crisis Boeing has dismissed CEO Dennis Muilenburg just days after the world's biggest planemaker said it would miss its own deadline for recertification of the grounded 737 MAX. Boeing Inc (BA) - Get Report said Monday that Dennis Muilenburg will step down from his role as CEO of the world's biggest planemaker with immediate effect. Muilenburg, 54, will be replaced by David Calhoun, who took on Muilenburg 's chairmanship earlier this year, starting on January 13. Greg Smith, Boeing's CFO, will serve as interim CEO during the transition period, the company said. Muilenburg's departure, after four-and-a-half years at the helm, comes just days after the world's biggest planemaker said it would miss its own deadline for recertification of the grounded 737 MAX. "On behalf of the entire Board of Directors, I am pleased that Dave has agreed to lead Boeing at this critical juncture," said Boeing board member Lawrence Kellner. He added, "Dave has deep industry experience and a proven track record of strong leadership, and he recognizes the challenges we must confront. The Board and I look forward to working with him and the rest of the Boeing team to ensure that today marks a new way forward for our company." Boeing shares were marked 1.83% higher in pre-market trading immediately following the company's leadership change release, to indicate an opening bell price of $334.00 each.
Because Boeings incompetence. The 737 is dead. The 777 doesnt get off the ground. The Starliner did not achieve correct orbit. The good thing is, since Boeing ****ed up the 737 and stopped production, Airbus wrote to Safran to stop the version of Boeing engines and produce more of the A320 ones. That Boeing fires Muilenberg now shows that Boeing is breakig apart. Usually you dont fire the CEO in the midst of scandal.
What a disaster that was. Check out The Flight Channel's sim of the two fatal crashes. Good god the engineering on that was criminal. The AI forced the crashes over the pilots intent. In one instance both pilots were trimming up SIMULTANEOUSLY to overcome the AI and still lost. The payouts on this are going to threaten the very viability of the company.
I think the Starliner failure last week was the last straw. Personally, I think Boeing's entire board of directors should be fired along with Muilenberg.
When Boeing moved its headquarters from Seattle to Chicago, it ceased being the best aircraft company in the world and became just another multi-national corporation. It will require a corporate culture change to restore its former reputation.
Democrats/neo-commies have no problem wrecking the companies they work for for political gain. I bet Boeing has a few Democrats high up causing this. Democrats/neo-commies are destroying Google, Facebook, and starwars
Doubt it. The company is owned primarily by mutual funds, which basically means Wall Street. Some may be Democrats. Some may be Republicans. I doubt many fly commercial.
The OP's threads are quite simple to understand... America Bad! You wouldn't think we freed his family in Eastern Germany from Soviet oppression.
What everyone needs to understand is that Boeing screwed up big with Indian programmers. We also need to understand that competition is good! Where would we be if we only had Boeing? Now the same could be said if we end up with only Aerobus. There needs to be competitive checks. Otherwise a Boeing could screw up like this and still carry on as usual. At least we now know the issues and they can be fixed.
Interesting article from the Guardian: https://www.theguardian.com/business/2019/dec/24/boeing-737-max-new-troubling-communications-faa Quotes: "The embattled US aircraft maker Boeing has reportedly sent US regulators “troubling communications” related to the development of the 737 MAX – on the same day that the CEO, Dennis Muilenburg, was forced to step aside. According to a senior Boeing executive, the documents include new messages from Mark Forkner, a senior company test pilot who complained of “egregious” erratic behavior in flight simulator tests of Boeing’s MCAS anti-stall system, and referred to “Jedi mind tricks” to persuade regulators to approve the plane. Forkner, meanwhile, has reportedly hired his own criminal defense lawyers and invoked his fifth amendment right against self-incrimination to avoid turning over records to the Department of Justice, which has opened a criminal inquiry into the company’s handling of the 737 Max’s development. It was Forkner who requested that information about MCAS be omitted from flight manuals and pilot training, rendering the pilots of both the doomed Lion Air and Ethiopian flights helpless when the system kicked in, pushing the plane’s nose down repeatedly until they ultimately lost control." My bold. getting serious now...
Boeing 777X’s fuselage split dramatically during September stress test The relatively good news for Boeing is that because the test failed so explosively at just 1% shy of meeting federal requirements, it will almost certainly not have to do a retest. Regulators will likely allow it to prove by analysis that it’s enough to reinforce the fuselage in the localized area where it failed. Asked for comment, Boeing said in a statement Tuesday that while it has not yet completed a detailed analysis of the incident, “what we’ve seen to date reinforces our prior assessment that this will not have a significant impact on the design or our preparations for first flight.” I'm not sure why I don't feel better about this.
The new version broke at a test. That said i flew with a 777 to Australia from Germany in 2018...and it was torture. From Dubai it was 12h to Adelaide and it was absolute horror. Loud, no place, extreme dry air. When we returned we had a A380. Much better flight amd all relaxed. The 777 is trash
