The Investment Committee react to the news that Boeing CEO Dave Calhoun will resign by the end of the year.
Boeing CEO to step down year-end: CNBC’s ‘Halftime Report’ investment committee react | Onlyinvesting.info
By onlyinvesting.info
Mar 25, 2024
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Boeings problems are due to the culture of its corporate management. 15+ years of corporate management by white christian republican men who were only interested in maximum 'shareholder value' to line their own pockets thru huge bonuses by artificially inflating stock prices – quality and engineering be damned. Read about former Boeing – and McDonnell-Douglas – executives Philip Condit and Harry Stonecipher. Both ardent disciples of GE's Jack Welsh – one of the worst human beings ever (I worked at GE in the 80s). These McDonnell-Douglas people and their greedy entourage flew Boeing right into the ground – like a 737 MAX on MCAS. And they are the same people that brought us the DC-10 deathtrap in the 1970s and F'd over 10s of thousands of GE employees in the 80s/90s. Read about all of Boeing's debacles in the last 10 years: 737MAX, KC-46, T-7A, Starliner – all at taxpayer and flying public's expense. GAO blasted USAF/Boeing T-7A program. Google: 'Boeing T-7 GAO report'. The fish rots from the head.
Calhoun happily take 2024 Christmas bonuses and say goodbye suckers.
The "DNA splice of Jack Welsh, Warren Buffett, and Bill Gates" is what got Boeing in the mess that they're in. It's gonna take years of focusing on engineering instead of earnings to get the company back. Who knows if they're willing or even capable of doing it?
Weiss is a horrible investor
The why didnāt Jim say this before this day?
Where was cnbc when this is as obvious last year or before that?
None of these guys beat the market… they just make money "managing" peoples money
He'll probably leave with millions in severence and no penalties for leaving a key strategic company in ruins for other people to fix…. the American leadership way.
Hope the DOJ contunues to pursure criminal charges.
Weiss selling is a good buy signal, Bro only sells bottoms and buys tops.
he needs med he looks sick!!
I love Boeing. During the bear market in 2022, when S&P was down 3600, it was one of the winners. Bought it at $95 during Covid and bought more when it was 125 in 2022. Sold most of it above 220 and bought Meta. Hopefully, it revisits 125 or even 95. Will buy more.
As a former stockholder of Boeing, I hope that they claw back all of the bonuses paid to the management for the last twenty years. They āinvestedā in stock buybacks while reducing quality for short terms gains that benefited upper management to the long term detriment of the company and the flying public. If crimes have been committed, as the FBI letter suggested, they started at the top.
$BA is a buy
āOh! And by the way. The union wants a new dealā. The union contract ENDS in September! So that means they HAVE to sign a new contract! The workers havenāt had a raise in a decade. Boeing canāt fill their job openings each week because people can make more money locally elsewhere.
Wow! Good thing I watched this guy (the expert) before deciding if I should invest in Boeing or not!!!!!!!
Wokeness is destroying everything. I hope the next one is the CEO of Disney.
So if the CEO and board knew of Aerodynamic and manufacturing issues…should they be charged with crimes for the accidents?
Current Airbus CEO is aerospace engineer. All 3 Boeing CEO, including the one coming, are either business or accounting background. Tesla CEO, or Nvidia CEO, they are all engineers from respective subjects. Engineers has vision and knowledge of product. MBAs will just keep cutting conor and find cheaper supplies. Boeing is done at this point.
They ALWAYS win at the top!! Why are executives rewarded for running companies into the ground??He came from GE!! AFTER it had become a disaster and here he goes again!!
Maybe he should run for president??
There REALLY should be some kind of Executive compensation reform.
Never happen but we can dream..
I'm a shareholder but I'm in for the next 5 -10 years..
They'll get the ship rightened, but it's going to take a while..
I just can't wait to see what his Golden Parachute looks like.š¢
I glad to have an adviser who is excellent in what he's doing , you changed my entire life and I will continue to preach and song your praises on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Andras Bohm!!!!…
Wasn't Farmer Jim a big bull on Boeing due to big free cash flow expectation?
People are getting sick of all these CEOās that make nearly a million dollars a week and operate poor business, or businesses that put people at risk, or underpay their employees (most companies now) donāt worry about this dufus stepping down.