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Boeing CEO Says Planemaker Could Be Forced to Cancel 737 MAX 10
Boeing (BA.N) Chief Executive Dave Calhoun told Aviation Week in an interview that the planemaker could be forced to cancel the 737 Max 10 over potential regulatory issues. (www.reuters.com) Más...Sort type: [Top] [Newest]
Unfortunately, this happens all too often, and in a lot of other industries. Good company purchases another not so good company, then the good company adopts the culture, policies and retains the leadership that made the purchased company not so good in the first place, instead of the other way around.
United/Continental.
The child of chaos is failure...
The child of chaos is failure...
I know it's not quite the same, but your comment reminds me of USAirways buying American.
Or even further back USAIR bought Piedmont
Interesting perspective I can see the CEO as the sole employee of the Board, being fired, but how/who would fire the entire board? Government? Another can of worms with that in mind. Governance is complicated.
The Board of Directors is accountable to and elected by the shareholders. They can call for a shareholder's meeting and replace the board.
That I understand but what board (typically hand-picked to support investors and major stakeholders) is going to call a shareholder's meeting to basically be shot? The AGM could be an opportunity but that would require a vote of non-confidence brought forward by a major financial investor who does not have board representation and would be prepared to fire up the investors. I sense that for things to have gotten this bad over time, the board itself is tightly vested in the current strategy. They, after all, have allowed the existing CEO to play the blame game. Perhaps a few high-visibility resignations from the board may trigger some action, especially if held a quarter or two before the AGM. IMHO, if there is no cataclysmic governance/investor revolt, the company will die on the vine (ref earlier comment by someone about Kodak). My 2 cents.
Oh how different it would have been had they promoted Alan Mulally (Ford's gain).
Prior to going into they might try something they putting off: fire the CEO and entire board. Get back to T basics. And spin off the plane, and move back to Seattle.