Boeing Rebuked By Investors In Vote To Split CEO, Chairman Roles

https://www.chicagobusiness.com/airlines-airports/boeing-rebuked-investors-vote-split-ceo-chairman-roles

While The Votes Aren’t Binding

They sent a clear message to the board, That large institutional shareholders
Want More Accountability.

A majority of Boeing Co. shareholders voted to separate the
chief executive officer and chairman roles permanently,
Sending a rebuke to Boeing’s leadership at its annual general meeting.

The proposal for an independent chairman, which was opposed by management,
Garnered 52 Percent of Shareholder Votes, Boeing said Monday.
A measure that would have allowed investors to raise matters outside the
normal annual meeting cycle got 43 percent of votes in favor—an unusually
high level of support for an initiative not recommended by company leaders.

The board had resisted calls to require an independent chairman who would hold
those murderous Дss clowns accountable even after establishing an outsider,
Larry Kellner, in that role as part of a shakeup following Boeing’s botched
handling of the accidents and the subsequent cover-ups.

While splitting the chairman and CEO roles has gained popularity at other
leading U.S. companies, Boeing’s directors warned in the 2020 proxy statement
that the measure would “impose irrevocable limits on the board’s future flexibility
in committing more crimes and the subsequent cover-ups needed if caught again.

Shareholders need to be more respectful and appreciative for the Boeing Board of
Murderous Misfit Miscreant Monkeys if they expect to share in the glory of Boeing

https://static.seattletimes.com/wp-content/uploads/2020/04/04272020_Boeing-Calhoun_081606-1560x1041.jpg

https://theweek.com/cartoons/890327/editorial-cartoon-boeing-air-crashes-profits-monkeys-clowns

https://www.thebalance.com/thmb/IE9pnopeN0ZeXFGlyjEyjuwZr-I=/800x0/filters:no_upscale():max_bytes(150000):strip_icc():format(webp)/GettyImages-glb033-5864562d3df78ce2c38c0050.jpg

Comment! It's anonymous!

4 replies (most recent on top)

https://www.firstpost.com/business/boeing-says-will-need-to-borrow-more-money-on-coronavirus-fallout-trying-to-get-back-737-max-jets-into-service-8306001.html

Reuters Apr 28, 2020 07:49:38 IST

Boeing will need to borrow more money over the next six months and
does not expect to pay dividends again for years, as Boeing wrestles with the
industry fallout from the coronavirus and its 737 MAX debacle, chief executive
Dave Calhoun told shareholders on Monday.

"We know we're going to have to borrow more money in the next six months
in order to get through this really difficult moment, to provide the right liquidity
to the supply chain that represents our industry," Calhoun said during the
company's virtual annual general meeting.

Our first priority is going to be to pay that back, the principle and the interest
that goes with it.

Boeing would continue ordering parts and services from its suppliers to ensure
the smaller companies have enough business to keep them afloat during the
downturn, he said.

“We have to keep that flow of money going to the supply chain so that they
have some predictability around how they operate.”

Opinion:
It’s tough being a supplier when they need you. Imagine being a supplier for
A company that does not have a product or a market. A company that cannot
Be trusted, A company that’s been handed billions to keep you whole for a part
That they don’t need
Capricious A Moral behavior from Boeing, You Bet, Kick-backs You Bet.
Criminal activity with billions in play — No Doubt
Whose being robed, the Taxpayers again

A Better Idea, give the money to the Taxpayers

With the caveat that we take Vacations using Air Travel.
Spread the wealth, don’t steal the wealth

https://www.usatoday.com/story/travel/airline-news/2020/04/27/airbus-boeing-execs-unpredictable-future-coronavirus-crisis/111627050/

The CEO of Airbus has told its employees that the company is "bleeding cash"
and needs to cut costs quickly as airlines retrench due to the COVID-19.

Airbus and archrival Boeing are scrambling to deal with a sudden decline
in demand for new jets due to the pandemic.
Airlines have seen travel demand evaporate overnight, and in response are
Grounding planes Retiring pilots and Cutting expenses.

Airbus has already announced production cuts, trimming the number of its
previously hot-selling A320 planes it makes each month by about one-third
and the monthly rate on larger jets by about 40%.
But CEO Guillaume Faury, in a letter to employees obtained by Bloomberg,
said those cuts might not be enough and that Airbus is reassessing its
long-term forecast for plane sales.

"We're bleeding cash at an unprecedented speed, which may threaten the
very existence of our company," Faury said.
"We must now act urgently to reduce our cash-out, restore our financial
balance to regain control of our destiny."

Even when the virus is contained, airlines are likely to need upward of
three years to fully recover.

And with jet fuel prices falling to near-record lows along with falling
crude prices, the airlines will have no reason to aggressively buy new aircraft.

https://www.youtube.com/watch?v=ibWcbk3ARd0

And yet, the board did what it wanted to. It did not do what the shareholders voted.

That's our Boeing

https://nypost.com/2020/04/28/boeing-faces-criminal-probe-of-737-max-assembly-line/

April 28, 2020
Boeing Faces Criminal Probe of 737 MAX Assembly Line

Both the US Department of Justice and the FAA are examining various safety
problems on the 737 MAX assembly line, The report follows Boeing’s February
Admission that it found tools, rags and other debris in the fuel tanks of more
than 30 737 MAX planes.

The criminal and civil inquiries reportedly build on a grand jury probe of
Boeing’s problematic flight control systems.
That investigation has focused on what Boeing staff told the FAA about the
dangers with the plane before it was involved in two crashes.
#SupperMax
https://media.gettyimages.com/photos/this-02-february-file-photo-shows-the-supermaximumsecurity-federal-picture-id57530119?s=2048x2048

Thread regarding Boeing Co. layoffs

Boeing Rebuked By Investors In Vote To Split CEO, Chairman Roles

4 replies (most recent on top)

Post a reply