Boeing CEO David Calhoun is facing congressional lawmakers on Capitol Hill Tuesday in a new hearing focused on safety practices at the company. The hearing, called by the Senate Permanent Subcommittee on Investigations, was prompted by the January blowout of a door panel on an Alaska Airlines flight and subsequent revelations about Boeing and its safety practices in the wake of the incident.
'Per my December 2019 letter, the longer Calhoun stayed the longer it would become clear that shareholder returns was his sole focus. At the four-year mark, that is all too dismally obvious.' In his opening remarks, Sen. Blumenthal highlighted those shortcomings. “Mr. Calhoun, you were brought in to turn this company around,' Blumenthal said.
Source: News Formal (newsformal.com)
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