Ousted Boeing CEO Dennis Muilenburg will not receive severance as part of his departure, the company say
Muilenburg lost his job due to the ongoing Boeing 737 Max crisis. Boeing's board had stuck with Muilenburg through the first 10 months of the grounding of all 737 Max jets following two fatal crashes that killed 346 people. But on Dec. 23 the board announced that"a change in leadership was necessary to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders.
The documents had been turned over to to the FAA in December, and were given to congressional committees looking into the 737 Max crisis on Thursday. Among the comments in the communications were one which described the jet as"designed by clowns, who in turn are supervised by monkeys."In a different communication two employees agreed that they would not let their families fly on the plane.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CEO Unveils Bold New Plan To Undo Damage From Last Year’s Bold New PlanNEW YORK—Saying it would mark a significant change in the company’s direction, Paradigm Marketing CEO Paul Dannon announced Monday a bold new plan that was evidently intended to undo the havoc caused by last year’s bold new plan. “It’s time to make some major shifts in how we do things [in reaction to the disastrous major shifts I implemented last year],” said Dannon of the sweeping new initiative that amounted to a point-by-point retraction of his sweeping initiative from almost exactly one year ago. “We’re all going to have to accept some changes [to salvage the resources wasted due to my last disastrous strategic move], but I’m confident this is going to be an important step [backward] for the company. And, who knows, maybe we’ll even have [no] fun [whatsoever] in the process.” At press time, Dannon was laying off several employees whose salaries amounted to the bonus he had received last year.
Read more »
Here are Thursday's biggest analyst calls of the day: Tesla, Snap, Apple, Boeing, Coca-Cola & moreHere are the biggest calls on Wall Street on Thursday.
Read more »
IAG CEO Willie Walsh to retire, Luis Gallego named new boss
Read more »
Boeing Jet Was on Fire Before Crash, Iran SaysThe Ukraine International Airlines flight that crashed after takeoff from Tehran was on fire before it hit the ground, according to Iran’s aviation regulator, adding a new clue for investigators.
Read more »
Boeing Jet Was on Fire Before Crash, Iran Says; Investigators Consider Hostile ActThe jet that crashed after takeoff from Tehran was on fire before it hit the ground, Iran’s aviation regulator said, as investigators remained open to the possibility that it was hit by a projectile or an explosion.
Read more »
How Squared Away's CEO hires and manages top talent - Business InsiderThe secret to hiring and managing top talent, according to the CEO of a virtual assistant company who grew her business to over 80 assistants and 100 clients in just 2 years (by adriangranzella)
Read more »