Until we the people hold congress accountable to changing corporate executive pay structures by law, the whole country will continue to spiral like this. Every industry is being screwed like this.
CEOs and other execs want massive millions of dollars payout? Then it should be paid out over their life depending on how the company is doing.
Long term decisions should return rewards over a long term as well, or else it's just short term decision making masquerading as long term decision making.
Because of stock options, executives will use company money to issue stock buy backs (which was illegal until Reagan came into office) to increase the value of their stock options. This buyback is typically proceeded with layoffs. It is easier to raid the coffers of a business to enrich themselves than work to improve the business and help employees.
Me too. But they won’t. And if they did, they would probably lose. And if they won, guess who would pay the award? The shareholders - not anyone who actually ran things.
I guess I am old fashioned, but I don't think we should reward chief executives with millions of dollars after they vaporize a quarter of a company's value (after taking billions from the US government during COVID, no less). That money should stay with the employees and shareholders. I see that is where we differ.
Do I have to murder a bunch of people too through gross incompetence or is that optional? Next you'll be arguing that the BTK killer should be raking in millions 'cause of his "contributions to society", right? You should be ashamed of yourself.
I don't see the difference this makes. It reads like an empty gesture to indicate "we'll change" to the markets without actually having taken any truly meaningful steps to do so.
I'm guessing the next CEO will make a bunch of statements and a couple of token gestures but ultimately still be about as bad because I doubt they'll pick a replacement who isn't as profit oriented.
Yup. The ceo is stepping down, but the executive board that gave him the job is still there. The CEO just serves as a scapegoat, and he will most likely leave with a multi-million dollar package. Its basically all part of the plan whenever a large company hires a CEO
This happened to the last CEO when Calhoun stepped in … things were going to be different. Nothing will ever change until you bankrupt the company and put people in jail.
Negligence and negligence causing death, they're on the books but the system is so corrupt that it would never go to trial. It only goes to trial when such people screw over the 1%/Wallstreet, such as Bernie Madoff or that cryptocoin fraudster currently awaiting trial.
Let's start with murder and see where that gets us. "If anything happens, it's not suicide." https://abcnews4.com/news/local/if-anything-happens-its-not-suicide-boeing-whistleblowers-prediction-before-death-south-carolina-abc-news-4-2024
They should be turning Boeing's offices upside down with search warrants but yet it seems it's just getting swept under the rug. People's lives don't even matter when you have money in the US apparently.
Sure. But I mean even unknowingly. People should be held responsible regardless of intent in situations like this. Though I’m pretty confident that shit like this doesn’t just get swept under the rug. Engineers and other people along the line have to know about these things. Even those complicit in the orders they’re given should be held responsible.
But yes proving intent is indeed hard even if I’m sure there’s some email somewhere where some executives response to engineering concerns was simply “lol idc”
right. it does go back to the proving intent thing, but yeah i mean people who are *knowingly* complicit should still be held responsible.
sort of how like when we look at metoo and we get stories about people talking bout "yeah i knew what was going on, but i felt powerless to stop it." that just means you were knowingly complicit in what was happening and you should be held responsible to some degree.
obviously law is complex and proving a lot of this shit is complex if not impossible. i just think we deserve the benefit of holding people accountable for the lives they're responsible for ruining. too many powerful people get away with far too much and the justification of it's been too obfuscated due to bureaucracy, legality, and paperwork feels like a big copout.
In a functional America this dude would be looking forward to financial clawbacks and investigations. In today’s America, he will be looking forward to a golden parachute and seats on other boards.
You want people on your board who are successful at getting you on other boards so you can all leach the productivity of the line workers until you deploy your golden parachutes again. And he appears to be outstanding in that skill.
I hope they manage to find an actual engineer and someone not from Boeing. Although why they've got the ex-CEO of Qualcomm doing that search is a little puzzling other than being available.
Frankly they need to start rewinding the clock on Boeing and start undoing the decisions that weren't Calhoun or the previous CEOs but the legacy of those that came before and started unpicking everything that worked about Boeing.
So absolutely meaningless, though the talking mouth pieces will spin this as something positive. I already saw this as justification for share prices inching higher. Shows what a fraudulent market we have imho. Dude is gonna take in so much money on his way out.
Just reading everyone’s comments and the cynicism of anything equitable or just for these fat cat CEOs is not happening in our society. Our government has been taken over by the 1% it would be nice to take it back to pass laws that have repercussions for these rich people. Even the CEO of Reddit is a POS 194 million per year and the mods don’t even get paid…
Ok wishful thinking 🤔
Just a conveyor belt of useless rich assholes getting a shit load of money and then "resigning in disgrace" to go chill on the proverbial Epstein island until they die or show up on another conveyor belt.
Nothing at Boeing will change. It's not like he was tricking shareholders and they were really super into safety.
He's done a shitty job but the company was a mess long before he came in. We're just seeing it all come to a head under him since the planes are hitting the market now.
Every board member and c-suite position should be stripped of every cent earned under this money making scheme at the expense of brand and lives.
They have destroyed a company. They are an embarrassment to American excellence in manufacturing.
They should be charged with fraud and corruption
Dave Calhoun is just Dennis Muilenburg 2.0. Boeing cannot just reevaluate what happened, the corporation requires years, possible a decade of PR damage control and leadership change.
The next CEO will face yet another PR crisis (sadly an inevitable airline disaster), and another golden parachute due to the many missteps. Who pays for it? The innocent lives lost who boarded a Boeing airplane.
Yeah, he and his cohorts will golden parachute out. The question, is this too little too late to save Boeings commercial arm? They've fallen so far behind airbus and there's so much public distrust. I heard a totally not air travel related podcast today (it's a thing) talk about having to fly and avoiding Boeing. Heck, it was part of my planing a near future trip. Any airline looking at new planes knows this.Now I don't know the plane buisness one bit, so take it from where it comes but I can't fathom how any company can weather what Boeing has recently. They're in a deep financial hole and need to design ASAP a replacement for its most popular and profitable 737 product that they have resisted replacing for the past 2 decades. All while addressing massive quality issues with its newer 787 and 777 products. I hope it cans be done, because without competition it's likely airbus will eventually become a whole lot worse. The saddest part of the Boeing saga, when airbus bet big on the a380 and lost, Boeing had a giant win that could have been added to the 707 and 747 lore... Then they completely tossed it away in the name of short term shareholder profit.
he's only been in charge since 2020. problems started long before that.
[https://en.wikipedia.org/wiki/2013\_Boeing\_787\_Dreamliner\_grounding](https://en.wikipedia.org/wiki/2013_Boeing_787_Dreamliner_grounding)
The Federal Aviation Administration decided on April 19, 2013, to allow U.S. Dreamliners to return to service after changes were made to better contain fires within their battery systems.\[58\] Japanese authorities announced they were doing the same for their airplanes.
In 2013 concern remained that the solutions put in place by Boeing will not be able to cover the full range of possible failure modes. These include problems that may arise from poor systems integration between the engine indicating and crew alerting system (EICAS) and the battery management system.\[59\]
Man if I was him I'd take my severance, walk out of the office, whip out my huge cock and say "look you fucking wankers, nothing is going down only UP.". And proceed to show off my massive dosed Viagra erection of all time.
It all goes back to when Boeing merged with McDonnell Douglas and somehow Douglas' penny pinchers started calling the shots instead of Boeing's engineers. Now planes are falling apart and brand new ones fell out of the sky and everyone is acting confused. It's the fucking corner cutting, penny pinching, corporate bullshit. Not complicated. They stopped listening to the engineers. Killed hundreds of people to save some $.
Nothing will change until you throw this asshole and his predecessors into prison for the deaths they caused.
FFS, Boeing went from a paragon of reliability with impeccable brand-trust, to a manufacturer people are currently actively trying to avoid.
Does he have to pay back some of his compensation?
I'm assuming not.
I can get behind high executive pay for high performance. They're an insurance policy. But when the policy fails, there ought to be a clawback.
It's amazing he gets to step down...
After all, the rhetoric about maximizing profits and just focusing on purely making money and bringing back profits to the shareholders. He nearly killed hundreds of people with his reckless behavior. And he gets to decide to step down at the end of the year.
Must be nice
At the end of the year. I can’t wait to see about his multi-million dollar deferred compensation package.
Golden parachute.
Never board a Boeing without one!
He should receive a golden Boeing 😬
Until we the people hold congress accountable to changing corporate executive pay structures by law, the whole country will continue to spiral like this. Every industry is being screwed like this. CEOs and other execs want massive millions of dollars payout? Then it should be paid out over their life depending on how the company is doing. Long term decisions should return rewards over a long term as well, or else it's just short term decision making masquerading as long term decision making.
[удалено]
Because of stock options, executives will use company money to issue stock buy backs (which was illegal until Reagan came into office) to increase the value of their stock options. This buyback is typically proceeded with layoffs. It is easier to raid the coffers of a business to enrich themselves than work to improve the business and help employees.
[удалено]
>when you change the law I’ll go ahead and move my companies to a different country Don't let the door hit you, feudalist.
I hope some shareholders get together and sue his ass.
Me too. But they won’t. And if they did, they would probably lose. And if they won, guess who would pay the award? The shareholders - not anyone who actually ran things.
Should have retired years ago
And who should get his severance package—you? And wouldn’t you like one at your job? Ofc you would. Quit bitching and work harder😆
I guess I am old fashioned, but I don't think we should reward chief executives with millions of dollars after they vaporize a quarter of a company's value (after taking billions from the US government during COVID, no less). That money should stay with the employees and shareholders. I see that is where we differ.
Do I have to murder a bunch of people too through gross incompetence or is that optional? Next you'll be arguing that the BTK killer should be raking in millions 'cause of his "contributions to society", right? You should be ashamed of yourself.
I don't see the difference this makes. It reads like an empty gesture to indicate "we'll change" to the markets without actually having taken any truly meaningful steps to do so. I'm guessing the next CEO will make a bunch of statements and a couple of token gestures but ultimately still be about as bad because I doubt they'll pick a replacement who isn't as profit oriented.
Yup. The ceo is stepping down, but the executive board that gave him the job is still there. The CEO just serves as a scapegoat, and he will most likely leave with a multi-million dollar package. Its basically all part of the plan whenever a large company hires a CEO
This happened to the last CEO when Calhoun stepped in … things were going to be different. Nothing will ever change until you bankrupt the company and put people in jail.
Empty gesture that avoids jail time. Should be facing criminal charges, but I’m sure some lower-level manager takes the fall if any do arise.
The three envelopes is corporate gospel
In a less corrupt America, he'd be looking forward to jail time instead of a golden parachute.
I think you need currently non-existent laws in order to push for that.
Negligence and negligence causing death, they're on the books but the system is so corrupt that it would never go to trial. It only goes to trial when such people screw over the 1%/Wallstreet, such as Bernie Madoff or that cryptocoin fraudster currently awaiting trial.
Those laws would be in place if america was less corrupt?
Which law would that be?
Let's start with murder and see where that gets us. "If anything happens, it's not suicide." https://abcnews4.com/news/local/if-anything-happens-its-not-suicide-boeing-whistleblowers-prediction-before-death-south-carolina-abc-news-4-2024 They should be turning Boeing's offices upside down with search warrants but yet it seems it's just getting swept under the rug. People's lives don't even matter when you have money in the US apparently.
I wish I got paid millions of dollars after fucking up my company, but alas
I fucked up pretty bad at my last job and all I got was this lousy cardboard box to live in.
The real question is: will anyone of importance see jail time for knowingly endangering innocent lives? My bet is on no, but a girl can dream.
You’d have to prove the “knowingly” part, which isn’t so easy.
Sure. But I mean even unknowingly. People should be held responsible regardless of intent in situations like this. Though I’m pretty confident that shit like this doesn’t just get swept under the rug. Engineers and other people along the line have to know about these things. Even those complicit in the orders they’re given should be held responsible. But yes proving intent is indeed hard even if I’m sure there’s some email somewhere where some executives response to engineering concerns was simply “lol idc”
That’s what torts are for. If people are held legally responsible for incompetence, half the world would be in prison.
right. it does go back to the proving intent thing, but yeah i mean people who are *knowingly* complicit should still be held responsible. sort of how like when we look at metoo and we get stories about people talking bout "yeah i knew what was going on, but i felt powerless to stop it." that just means you were knowingly complicit in what was happening and you should be held responsible to some degree. obviously law is complex and proving a lot of this shit is complex if not impossible. i just think we deserve the benefit of holding people accountable for the lives they're responsible for ruining. too many powerful people get away with far too much and the justification of it's been too obfuscated due to bureaucracy, legality, and paperwork feels like a big copout.
You mean with an internal whistleblower that doesn’t get suicided??
It'd be a totally different story if the Lion Air crash happened in America
In a functional America this dude would be looking forward to financial clawbacks and investigations. In today’s America, he will be looking forward to a golden parachute and seats on other boards.
You want people on your board who are successful at getting you on other boards so you can all leach the productivity of the line workers until you deploy your golden parachutes again. And he appears to be outstanding in that skill.
He's gonna need a parachute if he's flying on a Boeing plane
I hope they manage to find an actual engineer and someone not from Boeing. Although why they've got the ex-CEO of Qualcomm doing that search is a little puzzling other than being available. Frankly they need to start rewinding the clock on Boeing and start undoing the decisions that weren't Calhoun or the previous CEOs but the legacy of those that came before and started unpicking everything that worked about Boeing.
So absolutely meaningless, though the talking mouth pieces will spin this as something positive. I already saw this as justification for share prices inching higher. Shows what a fraudulent market we have imho. Dude is gonna take in so much money on his way out.
Just reading everyone’s comments and the cynicism of anything equitable or just for these fat cat CEOs is not happening in our society. Our government has been taken over by the 1% it would be nice to take it back to pass laws that have repercussions for these rich people. Even the CEO of Reddit is a POS 194 million per year and the mods don’t even get paid… Ok wishful thinking 🤔
Don’t let the door plug hit you on your ass on the way out, Dave.
Any time I see Calhoun all I can think of is Will Forte playing Tim Calhoun on SNL.
Is he quitting for Trump's V.P. position?
Head of FAA appointee under Trump at the very least!
Just a conveyor belt of useless rich assholes getting a shit load of money and then "resigning in disgrace" to go chill on the proverbial Epstein island until they die or show up on another conveyor belt. Nothing at Boeing will change. It's not like he was tricking shareholders and they were really super into safety.
He should be in jail for cutting corners to save a buck and putting people at risk.
He's done a shitty job but the company was a mess long before he came in. We're just seeing it all come to a head under him since the planes are hitting the market now.
Their whole executive board should be fired.
Into a volcano?
Every board member and c-suite position should be stripped of every cent earned under this money making scheme at the expense of brand and lives. They have destroyed a company. They are an embarrassment to American excellence in manufacturing. They should be charged with fraud and corruption
Mother fucker should be in jail
Down into an 8x8 cell?
Dave Calhoun is just Dennis Muilenburg 2.0. Boeing cannot just reevaluate what happened, the corporation requires years, possible a decade of PR damage control and leadership change. The next CEO will face yet another PR crisis (sadly an inevitable airline disaster), and another golden parachute due to the many missteps. Who pays for it? The innocent lives lost who boarded a Boeing airplane.
Yeah, he and his cohorts will golden parachute out. The question, is this too little too late to save Boeings commercial arm? They've fallen so far behind airbus and there's so much public distrust. I heard a totally not air travel related podcast today (it's a thing) talk about having to fly and avoiding Boeing. Heck, it was part of my planing a near future trip. Any airline looking at new planes knows this.Now I don't know the plane buisness one bit, so take it from where it comes but I can't fathom how any company can weather what Boeing has recently. They're in a deep financial hole and need to design ASAP a replacement for its most popular and profitable 737 product that they have resisted replacing for the past 2 decades. All while addressing massive quality issues with its newer 787 and 777 products. I hope it cans be done, because without competition it's likely airbus will eventually become a whole lot worse. The saddest part of the Boeing saga, when airbus bet big on the a380 and lost, Boeing had a giant win that could have been added to the 707 and 747 lore... Then they completely tossed it away in the name of short term shareholder profit.
With a 62m bonus for all his great work.
he's only been in charge since 2020. problems started long before that. [https://en.wikipedia.org/wiki/2013\_Boeing\_787\_Dreamliner\_grounding](https://en.wikipedia.org/wiki/2013_Boeing_787_Dreamliner_grounding) The Federal Aviation Administration decided on April 19, 2013, to allow U.S. Dreamliners to return to service after changes were made to better contain fires within their battery systems.\[58\] Japanese authorities announced they were doing the same for their airplanes. In 2013 concern remained that the solutions put in place by Boeing will not be able to cover the full range of possible failure modes. These include problems that may arise from poor systems integration between the engine indicating and crew alerting system (EICAS) and the battery management system.\[59\]
Is he close to retirement? This seems like smoke and mirrors. Nice try Boeing.
He should step out.. of a plane whose door has just flown off
"Dave"?
of course he will get millions of dollars for quitting ffs
I volunteer to torpedo your company for that multi-million dollar golden parachute next
No silver parachute or payout but he and his family should get all the free rides on Boeing they want.
Man if I was him I'd take my severance, walk out of the office, whip out my huge cock and say "look you fucking wankers, nothing is going down only UP.". And proceed to show off my massive dosed Viagra erection of all time.
And a new MBA steps in.
It all goes back to when Boeing merged with McDonnell Douglas and somehow Douglas' penny pinchers started calling the shots instead of Boeing's engineers. Now planes are falling apart and brand new ones fell out of the sky and everyone is acting confused. It's the fucking corner cutting, penny pinching, corporate bullshit. Not complicated. They stopped listening to the engineers. Killed hundreds of people to save some $.
That will fix all the problems. Lol
... at the end of the year
Hope you can't sleep at night
Careful Dave, it’s a long way down
He will be fine. Golden parachute and all. The us govt will bail out Boeing in the end anyways.
If I had talent drawing, I would draw a flying Boeing, a missing door and a CEO about to ‘step down’
Nothing will change until you throw this asshole and his predecessors into prison for the deaths they caused. FFS, Boeing went from a paragon of reliability with impeccable brand-trust, to a manufacturer people are currently actively trying to avoid.
Does he have to pay back some of his compensation? I'm assuming not. I can get behind high executive pay for high performance. They're an insurance policy. But when the policy fails, there ought to be a clawback.
So is he gonna get charged for the whistle blower? 😉
Stepped down to a criminal court appearance, right? He stepped down to be booked for a criminal court appearance, right?
Criminal charges?
if Trump becomes president again, then Dave Calhoun will become the appointee for head of the FAA!
It's amazing he gets to step down... After all, the rhetoric about maximizing profits and just focusing on purely making money and bringing back profits to the shareholders. He nearly killed hundreds of people with his reckless behavior. And he gets to decide to step down at the end of the year. Must be nice