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...Boeing’s largest labour union is seeking a board seat at the plane maker, saying “we have to save this company from itself” as quality control concerns draw scrutiny from customers, passengers and regulators...
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...Musk earlier this year lost his rights to a $56bn share-based pay package, a sum deemed “unfathomable” by a Delaware judge....
...Moody’s downgraded Boeing’s senior unsecured debt rating to one notch above junk with a negative outlook, citing “inadequate performance” of the company’s commercial planes business....
...But the first question is why America’s famous private sector model has fallen short at Boeing. The company maintains that in a few years’ time, annual free cash flow will reach $10bn....
...Also likely to be of interest is troubled aircraft manufacturer Boeing, reporting first-quarter figures on Wednesday, a day ahead of its European rival Airbus....
...The company on Wednesday reported a $355mn net loss in the first quarter....
...A 2001 study found that companies with a Delaware incorporation enjoyed a premium on their valuations....
...Alaska Airlines said instead of receiving 23 Maxes this year, Boeing would deliver between 10 and 20. The company had expected to expand flying capacity up to 5 per cent more than last year....
...for large corporations thanks in part to a transparent corporate law regime, years of legal precedent and a community of lawyers....
...As such, tech companies with founder bosses as well as PE-backed companies, he said, may be suddenly more reluctant to subject themselves to the constraints of Delaware law and could then domicile in the...
...Plaintiffs lawyers have been incredulous over the big corporate law firms’ grievance that Delaware had suddenly become too hostile towards companies....
...Michela Tindera So Delaware’s court system is fast and effective. But that’s not the only reason corporations love it. It’s also because of how long it’s been in operation....
...The Chicago-based airline posted a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...The Chicago-based airline had a pre-tax loss of $164mn, which the carrier said reflects “the approximately $200mn impact from the Boeing 737 Max 9 grounding, without which the company would have reported...
...Sam Salehpour, a quality engineer at the company, said he was berated by a manager in response to repeatedly questioning the safety of the 777 and 787 aeroplanes....
...The regulator has limited the number of 737 Maxes Boeing can build per month to 38 and given the company until the end of May to submit a plan to improve quality....
...The company said the claims were “inaccurate”. “Voluntary reporting without fear of reprisal is a critical component in aviation safety,” the Federal Aviation Administration told the Financial Times....
...Dave Calhoun, the chief executive of Boeing, is to step down at the end of this year, as part of a sweeping overhaul of the management at the US plane maker....
...The company is in a reputational crisis. This C-suite shake-up should be welcomed....
...The US Federal Aviation Administration said it would investigate a fresh mishap involving a Boeing aircraft, after a piece of engine housing fell off a Southwest Airlines plane on Sunday morning....
...blow to Musk’s finances as he seeks billions of dollars of investment for a new artificial intelligence company....
...Criticism of Delaware reached a peak in the 1980s when it sanctioned some “poison pill” defences against hostile takeovers....
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