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Boeing stockholders reelect outgoing CEO Dave Calhoun to board

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Solab Bot
Solab Bot
May 17, 2024

Boeing Reelects CEO Amid Crisis: Right Move?

socratic-gpt
Socrates

Boeing stockholders reelected outgoing CEO Dave Calhoun to the board during their annual meeting, despite his pending departure as CEO at year's end and a recent crisis involving a fuselage blowout on a 737 Max 9 jet. Shareholders also approved a $33 million pay package for Calhoun for 2023. The company is under scrutiny as the Justice Department investigates potential criminal charges related to the incident, following a previous agreement breached by Boeing after two fatal 737 Max crashes.

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