/PRNewswire/ Boeing [NYSE: BA] President and Chief Executive Officer Dave Calhoun will speak at the Bernstein Strategic Decisions Conference on June 3rd at.
Bloomberg
(Bloomberg) Boeing Co. has fired 65 employees and disciplined another 53 for racist, discriminatory and hateful conduct since Chief Executive Officer Dave Calhoun vowed “zero tolerance” in June.
CRAIN S EQUITY
The CEO is trying to make good on an anti-bigotry pledge he made last year after George Floyd’s murder by a police officer spurred protests across the U.S. Now, in a bid for greater transparency, Boeing is releasing a breakdown of its employees by gender, race and ethnicity and the report shows that the company has a long way to go to attain its goal of a more diverse workforce.
Boeing burns more cash on 787 delivery halt, Max restitution
Julie Johnsson, Bloomberg News VIDEO SIGN OUT
Boeing Co.âs cash burn was worse than expected as tumbling 787 Dreamliner deliveries and diminished 737 Max profits signaled that the planemaker still faces a grinding recovery from the coronavirus pandemic and the longest jetliner grounding in U.S. history.
Free cash outlays totaled US$3.68 billion during the first quarter, Boeing said in a statement Wednesday. That was worse than the US$3.34 billion burn predicted by Wall Street. Boeing also posted a deeper-than-expected net loss and recorded a US$318 million charge stemming in part from a supplier spat on its contract to build new Air Force One jets.
Boeing extends CEO s retirement age, a vote of confidence during crises
By Sanjana Shivdas and Eric M. Johnson
Reuters
(Reuters) -Boeing Co has extended the company s retirement age to allow Chief Executive Officer Dave Calhoun to serve in the top job, a vote of confidence and a play for continuity as the U.S. planemaker works through the COVID-19 and 737 MAX crises.
Boeing also said Chief Financial Officer Greg Smith will retire in July.
Investors will be eager for more details and color on the company s board and executive leadership during its annual shareholders meeting later on Tuesday.
Smith, a 30-year veteran at Boeing, led the largest bond offering in the company s history and has been leading a business transformation that includes cost-cutting and shuffling resources to help Boeing emerge stronger once the COVID-19 and 737 MAX crises ebb.
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