Boeing shares dive 4% after CFO's shock retirement, CEO extended - Netscape Money & Business
Boeing shares dive 4% after CFO's shock retirement, CEO extended By Sanjana Shivdas and Eric M. Johnson Reuters (Reuters) -Boeing Co announced the retirement of its finance chief for the past decade, Greg Smith, and the crisis-hit jetmaker's shares fell 4% even as it signaled stability by prolonging its chief executive. Boeing extended its required retirement age of 65 to 70 to allow CEO Dave Calhoun to stay in the top job as the U.S. planemaker battles to recover from the coronavirus and 737 MAX crises, and manufacturing flaws on its aircraft programs. [L1N2M91WF] But shares fell as investo...