Dave Calhoun, Chairman of BoeingAdam Jeffery | CNBCBoeing's new CEO Dave Calhoun had a difficult first day operating the corporate — a debt downgra
Dave Calhoun, Chairman of Boeing
Adam Jeffery | CNBC
Boeing’s new CEO Dave Calhoun had a difficult first day operating the corporate — a debt downgrade warning and outcries from lawmakers over his potential bonus.
The last decade-long Boeing board member took the reins on Monday, tasked with cleaning up the company’s image, inner tradition, relationship with regulators and airways, in addition to Boeing’s funds after two deadly crashes of its best-selling aircraft, the Boeing 737 Max.
Calhoun, a veteran of General Electric aviation and Blackstone Group, will obtain a $7 million bonus if he will get regulators to clear the Max to fly once more, amongst different efficiency targets, the corporate stated. That drew the ire of some lawmakers who’ve criticized the corporate for sacrificing security to make airplanes a greater promote — and rewarding executives for it.
“This fee represents a transparent monetary incentive for Mr. Calhoun to stress regulators into ungrounding the 737 Max, in addition to rush the investigations and reforms wanted to ensure public security,” Democratic Sens. Edward Markey of Massachusetts, Richard Blumenthal of Connecticut and Tammy Baldwin of Wisconsin wrote to Boeing’s board on Monday. “We imagine that this bonus can be unconscionable within the face of two tragic aircraft crashes and proof that Boeing has not discovered its lesson.”
Boeing is scrambling…