'Hideous, extreme greed': Why disasters keep happening at Boeing
Its share price is down, regulators are investigating, airlines are unhappy and its CEO is stepping down. Can Boeing survive the crisis?
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Its share price is down, regulators are investigating, airlines are unhappy and its CEO is stepping down. Can Boeing survive the crisis?
Stephanie Pope is charged with patching up the company’s shattered reputation
Boeings new management faces a myriad of challenges — criminal investigations, eroding finances, regulatory scrutiny, market share losses to rival Airbus SE — along with a rare opportunity to shift Boeing away from the focus on cash that has driven its strategy for the past decade.
Boeing's board seeks a new CEO to address the company's crises and rebuild trust and is considering external candidates like Larry Culp and Pat Shanahan. Initially a favourite, Stephanie Pope's promotion to head of the commercial airplanes division delays her potential CEO role.
Boeing's board has begun the search for a big-hitter to take the helm of the troubled planemaker following the turbulent tenure of CEO Dave Calhoun, with many industry executives and analysts...