As fully expected, more executive severance packages and more bean counters promoted. Same as it has been.
https://www.msn.com/en-us/news/us/boeing-ceo-dave-calhoun-to-step-down/ar-BB1kuyss
23 replies (most recent on top)
Your team is only as good as your leadership!
Problem with blaming anyone other than the Boeing leadership is that it was the Boeing leadership who set Boeing's hiring policy and then hired the so called lazy and incompetent Boeing employees. So ultimately...ALL of Boeing's failings are the full responsibility of the Boeing leadership. And it was Boeing leadership who set the policy to put stock price above ALL else. And Boeing employees with half a brain know that Boeing is doomed regardless of how well they do job. Boeing is now the sinking Titanic with their PR band still playing sweet music to Wallstreet ears to try to keep stock price high for more executive severance packages.
Now sack all of the b-m engineers and deadbeat Boeing employees that ever laid hand on a plane or assembled in any way. They are complicit in putting our families into death trap planes. The union "keep the bar low" b-ms need to go first.
Just a long line nepo bean counters executives...
https://www.businessinsider.com/boeing-new-commercial-airplanes-ceo-stephanie-pope-third-generation-employee-2024-3
This is why the previous nepo executives eliminated PE on the Boeing badges of our most accomplished engineers and de-emphasized engineering in general...they needed to be able to promote their degenerate seed to high levels in Boeing.
Shuffling of the empty suits, the male mannequins, the rented resumes and corporate mouthpieces. All an act, all ingenuous, all a joke.
Replacing the current CEO with another accountant who was a nepotism hire who was promoted because of DEI is not gonna fix the company.
This is all in the big plan . The lady stepping in is the same as the other leadership. She is looking hard at the stock price and will take a bite out of the 751 union employees to raise the stock price. This will happen with the help of your union as always. You will strike and Boeing will paint you as overly greedy employees . And the 751 will step in and get you a bad deal and sale it as a great move forward . Replay old plan new date.
Replaced him with a Nepo executive and DEI hire. Won’t be a turnaround.
This would be sad accept for the fact this has been a well-orchestrated scam by Boeing executives for many years to destroy and drain the wealth of a once great company into their personal pockets. And Congress, DOJ, FAA, NTSB and SEC didn't do anything to stop it. Likely if all the people who lost their lives in the 737Max accidents were Americans, more would have been done. That is sad.
Calhoun Stepping Off
https://media.tenor.com/jF2oXUqDUicAAAAM/i-regret-nothing-s-inking-ship.gif
Board of Directors fleeing Claw-Backs
https://media.tenor.com/bca9HYYaOpUAAAAM/rats-wall-wall-street.gif
the problem won't go away
the majority shareholders were the ones that created the top of this company
and its culture
they are Vanguard Group Inc. and BlackRock Inc.
they just fired their grunt workers who were probably just doing what they were told
the situation is no different than if Boeing misread the market and instead of firing their upper management they fired all their mechanics
"Without a strong engineering team led by strong leaders having a demonstrated engineering pedigree, you can't be a successful engineering company."
Well said and precisely why Boeing will just be another footnote in the annals of aviation history.
Sad news for Airbus!
More extravagant severance payout for yet another inept Boeing executive.
And one more classic MBA case study in total management and company failure.
The Welchian stench did its damage.
The entire aviation industry is on notice. All their hands are tied. This is not like in the past. Wait for more!
Wow. Beyond lame but not unexpected!
Ted Colbert, Chief Diversity Hire, will probably get the job.
Still only about stock price and nothing to improve things. In fact, things have gotten worse last month or so. Wish NTSB would just shut this place down.
https://www.thestreet.com/investing/stocks/boeing-shares-leap-as-it-unveils-ceo-exit-major-leadership-changes
Ask for your job back at General dislectic Davey.
that old line of GE management does its magic yet again. destroyer of companies
Yep, a long line of bean counters needing big severance packages before the breakup.
This is just another lame play to get a rise in stock price...and the third such play in about as many years. It won’t change the direction Boeing is headed...a steep nose dive to insignificance. Without a strong engineering team led by strong leaders having a demonstrated engineering pedigree, you can't be a successful engineering company. Pathetic.
but all the DEI ( Do Everything Incompetently) hires remain....