Posted on 10/13/2019 2:16:41 PM PDT by CodeToad
Boeing Co.’s board stripped Chief Executive Dennis Muilenburg of his dual role as chairman on Friday in an unexpected shake-up at the highest ranks of the company amid the prolonged crisis of its 737 MAX plane.
(Excerpt) Read more at wsj.com ...
P.S. I know WSJ is a paywall, but the article isn’t the news; the title says it all.
They might be losing contracts and hemorrhaging money. Clients telling them nothing about Boeing has changed, especially at the top, so why should they have confidence in doing business with them. “Shakeup” is step one in addressing their image to keep clients and maybe turn the the company around...?
My speculation based upon the OP’s givens.
Change at the top leaves the same guy running the company. Looks like window dressing at this point.
(In before the Boeing cheerleaders)
Ditch the entire executive board and tell the new people the bean counters don’t get to run the company.
Yep. Optics. Totally agree.
“Someone has to pay!” OK, our Chairman is demoted. *snicker*
Did you know that Nikki Haley is on the board now? Right after Boeing paid Obama $10 million to give a small speech in January 2019.
“tell the new people the bean counters don’t get to run the company”
Actually, Boeing did change that to some extent. Usually only managers get authority, but now engineers report to a new guy and managers lost some control.
tell us all!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
thanks!
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