Boeing CEO Dave Calhoun is set to address recent safety concerns and cultural issues within the company during a recent Senate testimony. In his prepared remarks, Calhoun plans to acknowledge the company’s shortcomings while rebutting allegations of retaliation against whistleblowers. “Much has been said about Boeing’s culture. We’ve heard those concerns loud and clear,” Calhoun’s…
Boeing, amid ongoing scrutiny and leadership changes, revealed an additional $546,000 expenditure on personal air travel for four top executives, bringing the total cost to $1.9 million since 2021. CEO Dave Calhoun, along with CFO Brian West, Stan Deal, former CEO of the commercial airplane unit, and Theodore Colbert, CEO of the defence, space, and…
Despite Boeing’s ongoing challenges, CEO Dave Calhoun received a significant boost in compensation in 2023, totalling $32.8 million, marking a 45% increase from the previous year. This hefty sum includes a substantial stock bonus, underscoring the disparities between executive pay and company performance. Calhoun’s decision to decline an annual incentive bonus of $2.8 million, following…
Boeing announces the departure of CEO Dave Calhoun at the end of the year amidst escalating concerns regarding the company’s safety practices, marking a pivotal moment in the aerospace giant’s leadership transition. The decision comes amid a series of setbacks for Boeing, including a recent incident where an unused door blew off a Boeing 737…
