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...A day after Boeing chief executive Dave Calhoun announced he would step down, Sir Tim Clark also said he backed efforts by the US group’s largest labour union to win a seat on the board....
...His comments add to the mounting problems for the US plane maker following the mid-flight blowout of a section of the fuselage on a Boeing 737 Max 9 aircraft last month....
...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....
...Boeing chief executive Dave Calhoun is to step down at the end of the year as the US aircraft manufacturer struggles to contain a crisis over its safety standards following the mid-flight blowout of a door...
...“The company has underperformed over CEO Calhoun’s tenure,” ISS said last year. Separately on Thursday, US Senator Tammy Duckworth heaped further criticism on Boeing....
...Boeing benchmarks executive pay against packages at other big US companies such as ExxonMobil....
...While at Qualcomm, the company faced lawsuits from the US Federal Trade Commission, a hostile takeover bid and pressure from activist shareholders....
...“This will cost us six months,” Calhoun said in an interview with CNBC, noting that while Boeing would still meet the cash flow target, the timing would be pushed back....
...Boeing also did not disclose the impact of the growth limit on its 737 Max production rate recently imposed by the Federal Aviation Administration, the US aviation regulator....
...The former GE executive has overseen the Max’s return to service, which US aviation regulators approved in November 2020....
...No US airline boss has directly called for Calhoun’s head....
...David Calhoun took over as Boeing’s chief executive four years ago in the middle of a crisis that followed a pair of deadly crashes in 2018 and 2019. Both involved Boeing’s best-selling 737 Max 8....
...“Our first-quarter results reflect the immediate actions we’ve taken to slow down 737 production to drive improvements in quality,” said chief executive Dave Calhoun....
...US stocks fell slightly in early trading on Monday, paring gains from the previous session, which capped Wall Street’s best weekly performance so far this year....
...Because for as long as many of us can remember, V-neck sweaters have been all but verboten — existing somewhere in the style hinterland between twisted jeans and square-toed tan leather loafers from Shoe...
...The V&A’s new show, Tropical Modernism, revolves around this odd confluence....
...Calhoun’s claim that he has “added rigour” to the company’s quality processes has been shattered by the latest 737 Max 9 incident and the grounding of the US fleet....
...Photo City: How Images Shape the Urban World at the V&A Dundee is a terrific exploration of the exchanges between the ways cities have been photographed and of how those images have shaped the subsequent...
...Half a dozen US and European carriers have warned that their plans to increase capacity are in doubt. Airline trust in Boeing management and its CEO Dave Calhoun is being sorely tested....
...In emailed comments sent a day after Boeing chief executive Dave Calhoun announced he would step down, Sir Tim Clark also said he backed efforts by the US group’s largest labour union to win a seat on the...
...Chief executive Dave Calhoun has previously insisted that Boeing would stay high grade....
...The demand came after Boeing chief executive David Calhoun and his senior safety team met FAA administrator Mike Whitaker on Tuesday....
...That now looks harder as the US Federal Aviation Administration investigates whether the plane that Boeing manufactured met its own specifications....
...“When serious accidents like this occur, it is critical for us . . . to understand and address the causes of the event, and to ensure they don’t happen again,” he said....
...Puzzle 2558 Samuel Sevian v Wojciech Przybylski, Titled Tuesday 2021. White to move and win. Click here for solution...
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