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Boeing CEO ousted as 737 Max crisis deepens

reuters.com

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Re: Boeing CEO ousted as 737 Max crisis deepens

#4
After both The Economist[1] and The New York Times [2] publicly undermined faith in Dennis Muilenberg.

No question at this point that he needed to be replaced. The question is - why didn't the board act sooner?

[1] https://www.economist.com/leaders/2019/12/18/boeings-misplac...

[2] https://www.nytimes.com/2019/12/22/business/boeing-dennis-mu...

Re: Boeing CEO ousted as 737 Max crisis deepens

#6
Watched an aljazira documentary about falling standards at a Boeing factory a couple of years ago and been waiting to see if something like this would happen. Now they're gonna sacrifice a lamb, keep same corporate struture and philosophy, keep on making billions, remember to appologise even more next time.

Re: Boeing CEO ousted as 737 Max crisis deepens

#8

> Senior industry source called the wording of Boeing’s statement “brutal”. Anyone have a link to this statement?

I would guess it's the following: https://investors.boeing.com/investors/investor-news/press-r...

"The Board of Directors decided that a change in leadership was necessary to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders. " is quite brutal indeed, more something I'd expect from commentary.

Re: Boeing CEO ousted as 737 Max crisis deepens

#10
https://www.nytimes.com/2019/04/20/business/boeing-dreamline...

> Safety lapses at the North Charleston plant have drawn the scrutiny of airlines and regulators. Qatar Airways stopped accepting planes from the factory after manufacturing mishaps damaged jets and delayed deliveries.

> Less than a month after the crash of the second 737 Max jet, Boeing called North Charleston employees to an urgent meeting. The company had a problem: Customers were finding random objects in new planes.

Turns out trying to squash the unions by moving to a different state helps show why the unions existed...

> Managers were also urged to not hire unionized employees from the Boeing factory in Everett, where the Dreamliner is also made, according to two former employees.

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