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- Yahoo Finance
Boeing stockholders reelect outgoing CEO Dave Calhoun to board
Boeing stockholders decided Friday that CEO Dave Calhoun can stay on the company's board despite an unfolding crisis that started under his watch.
- Reuters
Factbox-Boeing faces multiple probes after mid-air MAX door plug blowout
The planemaker is producing its cash-cow MAX jets at a low rate as it works to address the issues, which have also sparked a reshuffle in its top management and led to a drop in its stock price this year. The SEC is investigating statements from Boeing about its safety practices and will examine whether the planemaker or its executives misled investors in violation of the Wall Street regulator's rules, Bloomberg News reported on May 9. The aviation regulator on Jan. 11 said it was launching a formal investigation into Boeing 737 MAX 9 planes following the cabin panel blowout, adding the incident "should have never happened and it cannot happen again."
- Associated Press Finance
Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution
Boeing shareholders on Friday approved CEO David Calhoun's $32.8 million compensation and heard leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes after a door plug blew off a Boeing 737 Max jetliner in January. Calhoun said the company is finishing a 90-day plan for fixing its manufacturing problems — a report the Federal Aviation Administration demanded after the door-plug blowout. The CEO added that the company is still working to complete an acquisition of key supplier Spirit AeroSystems, but he gave no deadline for completion.
