Boeing CEO Dave Calhoun to step down in management shakeup amid safety crisis
Boeing CEO Dave Calhoun to step down in management shakeup amid safety crisis
Nothing but a scapegoat if they replace him with another accountant instead of an engineer.
By all credible accounts the systemic issues at Boeing predate this CEO by probably 2 decades. Dave Calhoun seems to specialize in "troubled companies", i.e. he has never been anything more than a professional scape goat.
Edit: I didn't do enough research, he hasn't really been CEO at many places, just upper positions like director and board member. Still, the companies he specializes in seem to be the ones with reputations to cannibalize for money by cutting quality and screwing consumers, like GE.
It doesn't matter if the CEO was an engineer or not in a previous life. The job of a CEO doesn't change and he did exactly what he was supposed to do: made shortsighted decisions that maximised profit and took the fall for it when the short-sightedness of those decisions blew up in their faces.
Until the merger, Boeing was engineer-driven. They were well known for safety first and design over cost.
https://www.cnn.com/2024/01/30/business/boeing-history-of-problems/index.html
There are hundreds of articles on this topic and you rant without knowing the topic.
They need to get back to the engineering mindset. This is why I think CEO bonuses on things like EPS are BS. It should be tied to things like engineering, safety, etc.
I think they're more in a "hire a hit man to kill whistleblowers" mindset. Not the sort to suddenly turn about and become engineering do-gooders.
Don’t let the door hit you on the—oh shit, the door!
In
Soviet RussiaAmerica, the door hits you on it’s way out.Don't let the door hit you on the way out.
No, not that door- the one from your shitty plane flying overhead.
So what about his seat on the board and what about the Director of the board, Bradway?
At the end of the day, it’s the board that’s signing off on the high level strategy. They need to be held accountable too. The CEO isn’t the top of the pyramid. The board is.
Thank you! Folks around here are always baggin' on CEOs like they're the top dogs. Nope. The Board often orders them to do stupid shit, and sometimes they're brought on to do stupid shit. Hence the golden parachute thing. Damn straight I want paid if you fire me for doing what I was told.
Highly recommend the book ‘Flying Blind’ by Peter Robison on Boeing and the decline of its safety culture after the merger with McDonnell Douglas. That’s when the “business” types who ran the former company into the ground took over both and we see the same results here.
Before the merger, the engineers were in charge and safety was taken seriously. Now, it’s more about stock, etc.
Long ago the four nations lived in harmony. But everything changed when the business nation attacked. Only the regulations could stop them, but when the world needed them most, they vanished.
We should make a movie about this. The last regulator. The fans will love it
I feel like I hear this story repeated over and over and over and over and over.... everywhere.
At what point will we stop letting the business types degrade our human civilization for their egoistic short-term gains?
When capitalism is no longer propped up by the government, masquerading as democracy, so that they, too, can greedily profiteer on the short term gains of a quality product that has been ran into the ground for the sake of a bigger personal estate.
Maybe just learning to live with it would be better. It's cliche at this point. Company thinks big, takes big risks, makes shitton of money and shitton of mistakes. Wall Street takes over and the company circles the drain. We all know it's going to happen. That uniqueness will converge, or made to converge to the mean, and given enough time every company will be an also-ran.
I got into Soylent when it first came out. It said proudly made with GMOs on the label. The recipe was open source and a revision number on it. The inventor was conducting medical tests on himself as a test subject and tweaking the nutrition balance and it was all made by one facility. Now, the proudly made with GMOs is gone, it is closed source, the recipe seems to never change, the supply of bottled comes from a different facility each time I order it. What happened? The company was sold to an established player and they made it just yet another meal replacement drink.
I guess what I am saying is it is probably just easier to accept that this is going to happen. The craftsman of your grandfather is the cheap junk of today.
Are we all forgetting that Boeing most likely had a witness testifying them executed in a parking lot a few weeks ago?
John Barnett didn't kill himself and they're doing a damn good job of sweeping it under the rug. It barely got mentioned in by any mainstream news outlets. Even Epstien got more media coverage than this.
You a word, there.
That’s not enough. We want investigations that bring consequences.
Edit: the people who are commenting below about how “we have no control” etc etc, I just want to say, “Shut the fuck up.” Nobody wants you around anymore. Just because YOU have been a weak POS your entire life spouting off weak, sad bullshit trying to divert REAL change doesn’t mean that the rest of the country is like you. Go back to your holes because I promise if you don’t and you keep acting up, we will put you there in finality. The public isn’t stupid, and they aren’t weak. It’s scumbags within the wealth class that are protected by losers like you all naysayers and class traitors who try to make it seem that way. Trump and Biden is a symptom of class traitors turning on the public, not a show of force by the elites. Best recognize.
Just wanted to say your edit is awesome ✊
What we want, and what happens in reality, have absolutely no connection. Money is what makes the world go around. Money is the only thing that matters to our society.
I wonder what his golden handshake (parachute? What's the difference?) is, for screwing things up so badly?
He’s gonna need a parachute if he flies home on one of his planes.
The issue in this instance was not screwing things well enough.
In this particular case a parachute is probably for the best
Cool. Now arrest him for criminal negligence.
How many millions fat will his golden parachute be for sending hundreds of passengers to death?
15 million in stocks that vest in 3 years plus his 1.4 million in base salary plus plus his 22 million in stock, which has admittedly taken a beating as of late.
Nice payout for a complete failure on the job.
The shareholders get their fall guy, cool, but what about the entire leaderships criminal negligence? Because you can’t convince me that the CEO was single-handedly making the call to cut corners.
He was the guy not putting the bolts in. Boeing is actually a pretty small shop
/s
Just going to state the obvious here: Boards of directors of large public company should have a % of the board elected by company workers and another % appointed by elected politicians. The problem here is corporate boards entirely run by investors.
When you have financial engineers overriding the decisions of mechanical engineers, you get crashy airplanes and eventually, caught up murdering people that might talk to investigators in order to defend those juicy profits
...sort of like how when administrators and insurance folk and lawyers and judges override the decisions of doctors and nurses, you end up with highly profitable hospitals and people dying for it
...all a bit like when the bean counters run your software company, layoffs designed to boost stock price by showing investors 'fiscal discipline' leaves your engineering teams shorthanded and forces them to de-prioritize bug fixes and dealing with technical debt and rigorous testing and you end up shipping lots of bugs when you release your product
Don't blame accountants. They don't make any decisions, and they don't have the technical expertise to know what is dangerous.
The CEO is a good start. I bet the COO and head of engineering are also at fault. People signed off on these planes without doing the required installation of the door. If it's a systemic issue, the quality control team is to blame.
Aviation is a regulated industry, right? I expect the FAA to get to the bottom, if not lawsuits.
Not good enough, I want more than just a change of leadership. I want federal oversight at every Boeing Facility. I want the FAA to have a new office funded by Washington to scrutinize this company. I want Boeing Employees purged from the FAA.
Funded by Washington who get the money from higher taxes on these fucks
Can't wait to see his golden parachute
Culture change takes a while; I feel like even if they replaced everyone at the top with safety minded engineers to run the company, it would be some time before they dig themselves out of the hole they created for themselves.
Probably stepping down to sit on the board instead.
He should required to be up there to answer questions from congress and the Feds.
Don't be silly. He'll commit suicide with two shots to the back of the head before that happens.
"I'm gonna step down because I failed this clown car of a company...btw i'm keeping my golden parachute"
I’m just flabbergasted it took this long. It’s COMICALLY obvious that this is the result of a decades-long legacy of technical leadership failures and safety-incompatible profit fixation.
Bring back the dude who married his first cousin!
Rudy Giuliani?
https://www.ft.com/content/a8bfd0a3-2904-4b7e-a8e0-b5e04567c980
Now, I am a fan of this in general. I think unions should get a seat at the table.