INSIDER
Boeing promotes insider to chief operating officer, putting her in the discussion about the next CEO
Read full article: Boeing promotes insider to chief operating officer, putting her in the discussion about the next CEOBoeing is promoting a woman to one of its top jobs, putting her in the discussion about possible successors to current CEO David Calhoun.
Boeing settles with funds that sued after 737 Max crashes
Read full article: Boeing settles with funds that sued after 737 Max crashesCurrent and former Boeing directors have settled a shareholder lawsuit that accuses the directors of poor oversight before two of the company's jets crashed, killing 346 people.
Boeing CEO waived pay but got compensation worth $21 million
Read full article: Boeing CEO waived pay but got compensation worth $21 millionBoeing CEO David Calhoun declined a salary and performance bonus for most of 2020 but still received stock benefits that pushed the estimated value of his compensation to more than $21 million, according to a regulatory filing Friday, March 5, 2021. Calhoun, who became CEO in January 2020, received $269,231 in salary for the period before he disavowed his salary in March. AdThe company said Calhoun gave up about $3.6 million by declining most of his salary and a $2.5 million bonus. But most of Calhoun's compensation ā valued by Boeing at more than $20 million ā came in the form of stock benefits that will vest in the next few years, assuming he remains CEO. Calhoun, 63, was a longtime Boeing board member before being named CEO after the firing of Dennis Muilenburg in December 2019.
FAA poised to clear Boeing 737 Max to fly again
Read full article: FAA poised to clear Boeing 737 Max to fly againFILE - In this Wednesday, Sept. 30, 2020, file photo, a Boeing 737 Max jet, piloted by Federal Aviation Administration Chief Steve Dickson, prepares to land at Boeing Field following a test flight in Seattle. The FAA is poised to clear the Boeing 737 Max to fly again after grounding the jets for nearly two years due to a pair of disastrous crashes that killed 346 people. Boeing sales of new planes have plunged because of the Max crisis and the coronavirus pandemic. Hansman said pilot training for qualified 737 pilots shouldnāt take long because Boeing has fixed problems with the Maxās software. Relatives say it's too soon, and they and their lawyers say Boeing and the FAA are withholding documents.