A bad year for Boeing.

[Axtremus]

Bad year for Boeing, GREAT year for Boeing’s CEO!

https://www.cnn.com/2024/05/17/investing/boeing-shareholders-vote-to-approve-usd33-million-ceo-pay-package/index.html

Shareholders of embattled airplane maker Boeing approved a pay package of nearly $33 million for outgoing CEO Dave Calhoun at the company’s annual general meeting on Friday.
.
That’s the highest package ever paid to the company’s CEO and a 45% increase from the $22.6 million he received for 2022. The vast majority of the bump comes from a giant stock bonus granted on top of his more-than-a-million-dollar salary.
…

[taiwan_girl]

@Axtremus said in A bad year for Boeing.:

Bad year for Boeing, GREAT year for Boeing’s CEO!

https://www.cnn.com/2024/05/17/investing/boeing-shareholders-vote-to-approve-usd33-million-ceo-pay-package/index.html

Shareholders of embattled airplane maker Boeing approved a pay package of nearly $33 million for outgoing CEO Dave Calhoun at the company’s annual general meeting on Friday.
.
That’s the highest package ever paid to the company’s CEO and a 45% increase from the $22.6 million he received for 2022. The vast majority of the bump comes from a giant stock bonus granted on top of his more-than-a-million-dollar salary.
…

I wonder what the vote % was like in favor vs. against.

[George K]

https://edition.cnn.com/2024/07/03/business/former-boeing-inspector-scrap-parts-assembly-lines/index.html

[Mik]

Maybe things are looking up.

https://www.msn.com/en-us/money/news/boeing-s-new-ceo-is-already-making-an-overdue-change-his-first-day-on-the-job/ar-AA1orZzb?ocid=msedgntp&pc=LCTS&cvid=8ea7ffb22b124f27a6a7ff96f4574644&ei=37

[Jolly]

Profits at all costs ruin a company.

[Mik]

Yes. It is difficult to understand how that could possibly happen with an aircraft company. Some things are a sacred trust.

[Jolly]

Bean-counters.

[Mik]

The least human of humans.

[Jolly]

No, that would be actuaries...

[taiwan_girl]

I remember hearing that public companies have three people to answer to

customers
employees
shareholders

If you focus to much on one of the three (and there is the appearance that focus on shareholders has gotten too much in recent history), overall and long term, it is not good for the company.

[George K]

[Jolly]

Ruh-roh...

[Copper]

One guy misplaces a couple bolts.

[Mik]

And the beat goes on..

https://www.msn.com/en-us/news/technology/boeing-s-bad-year-just-keeps-getting-worse-one-of-its-satellites-has-exploded-in-orbit-with-debris-becoming-a-potential-threat-to-other-satellites/ar-AA1sNr30

[Copper]

And Russia’s space agency said it was tracking more than 80 fragments.

They have the more accurate count because they watched it blow up.

Just a guess.

[kluurs]

I'm betting space lasers as the cause.

[taiwan_girl]

Boeing is under federal scrutiny yet again, but this time it isn’t for midflight door malfunctions, faulty wheels, or makeshift lubricants. According to an audit released on October 29th by the Department of Defense, the beleaguered aircraft manufacturer allegedly up-charged the Air Force nearly 8,000 percent on spare soap dispensers for its fleet of C-17 cargo planes.

https://www.popsci.com/technology/boeing-soap-dispensers-audit/