'Boeing has not learned its lesson.' Downgrade warning, lawmaker ire greet new CEO
, will receive a $7 million bonus if he gets regulators to clear the Max to fly again, among other performance targets, the company said. That drew the ire of some lawmakers who have criticized the company for sacrificing safety to make airplanes a better sell — and rewarding executives for it.
Boeing is scrambling to win regulatory approval of the planes but Calhoun has taken a more conciliatory approach with the Federal Aviation Administration after former CEO Dennis Muilenburg made overly optimistic statements about when the jets will be approved frayed the relationship between the two and contributed to Muilenburg'sThe planes are Boeing's best seller and the worldwide grounding, now in its 11th month, has cost airlines more than $1 billion in revenue and cost Boeing more...
"This includes following the lead of our regulators and working with them to ensure they're satisfied completely with the airplane and our work," the company said in a statement. "The Board and CEO are in full agreement that the safe return to service of the 737 MAX must be done with full regulatory oversight."
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Boeing Scrambling After New CEO Catches Fire During First Press ConferenceCHICAGO—Emphasizing that the 62-year-old executive was just experiencing minor technical issues and would be back behind the podium shortly, Boeing officials scrambled to do damage control Monday after their new CEO Dave Calhoun erupted into flames during his first press conference. “I assure you, Mr. Calhoun is one of the safest board members in Boeing’s history and has never caught fire prior to today,” said Boeing spokesperson Karen Flynn, adding that Mr. Calhoun had undergone rigorous testing before being promoted to CEO, leaving the company stunned when he suddenly paused his speech, sent out an SOS signal, and burst into flames. “While we are devastated by the news, the reality of having executives is that there is always a risk that one will lose control, fly off the stage, and crash into the audience at high velocity. To the hundreds who died, or suffered severe injuries today, we sincerely apologize.” At press time, investigators found that Mr. Calhoun had failed to pay Boeing for additional safety protections that could have prevented him from exploding into millions of small, unidentifiable pieces.
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