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Boeing CEO Muilenburg won't get most of his 2019 payNew York (CNN) Boeing CEO Dennis Muilenburg will take a significant cut in pay for 2019 and 2020, according to the company's new chairman. In an interview on CNBC Tuesday morning, Dave Calhoun, who was named Boeing's chairman last month when the board stripped Muilenburg of that title, said that the CEO called him Saturday morning to suggest he shouldn't take any stock or bonus money for this year. The pay cut is due to widespread criticism of the company after two fatal 737 Max… (www.cnn.com) More...
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Why does he still have a job?
They need to cut his pay to $0.00 and send him packing
Well, that's all very touching, but he still doesn't get it. When he said that Boeing has made mistakes, and is learning from their mistakes, he talks like a failed politician. Boeing learned a long time ago how to build airplanes that would fly without fatal "mistakes". What Boeing did was diluted its culture somewhere along the way and forgot that its mission was to build airplanes without "mistakes". The Chairman's comment that the 787 MAX was not Muilenberg's problem shows that the new Chairman is also out of touch on accountability. When it happens on your watch, you own the problem regardless of who started it. Muilenberg had not just arrived on the job when the problems occurred, he'd been there for several years and should have had the management controls in place to prevent the problems. Sorry Boeing, I'm not buying any of your "spin".
Seen on the Boeingozo's desk: <- The Buck Stops There ->
well, that is aobut half a start. culpability, incompetence, short sightedness, stupidity, and he still get seven figures? what is going on here? no pay, walk the plank, no parachute of any color, and a date with the grand jury. for a start.....
i saw dave calhoun on a business cable show long form interview. He is smooth, evasive, speaks well, but is little more than icing on a poop cake.You would not take from that inverview that boeing was in any existential crisis, that culpability exists anywhere in the boeing universe, that all is needed is to go on tv, grit one's teeth, say we will fix it and smile. amazing.....