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A federal appeals court has dismissed a class-action lawsuit accusing Boeing and Southwest Airlines of placing passengers in harm’s way by covering up design defects of the Boeing 737 MAX.
By Jon Hemmerdinger2021-04-20T16:07:00+01:00 Longtime Boeing chief financial officer Greg Smith, an executive who some observers had suspected might be the company’s next chief executive, will retire from the airframer, effective 9 July. Boeing announced Smith’s pending departure on 20 April while also saying it had extended the company’s mandatory retirement age for CEO David Calhoun from 65 to 70. Source: Boeing Boeing CEO David Calhoun The change allows Calhoun, 64, to remain with the company until April 2028, though Boeing notes “there is no fixed term associated with” Calhoun...
The complaint, made public by a Delaware judge earlier this month, quotes internal company emails and board meeting records to allege Boeing directors repeatedly moved in lockstep with the company’s management instead of challenging it on safety.
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New details in a Boeing investor lawsuit claim to shed light on how the company’s directors handled safety oversight before and after the two deadly...
A 120-page complaint quotes internal company emails and board records to show the planemaker’s board repeatedly moved in lockstep with management instead of challenging it on safety.