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Mar 21, 2024
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it will be chairman larry kelner from the boeing board along with at least one board member visitingr of their top customers here in the united states potentially might be visiting some of their largest international customers after that, and this is essentially a chance for kelner and board members to hear straight from the customers what's not working at boeing and how frustrated those customers are. we do know from talking with people familiar with these discussions that the airlines initially reached out to boeing and said, look. can we meet with you? can the airlines ceos, largest customers come and meet with you? boeing came back said why don't we have larry kelner at least one board member come and visit each airline as opposed to all airline ceos coming together at once. we point out we've reached out to boeing for a comment on this. nothing official at this point aside from saying dave calhoun and stan diehl are supportive of any meetings between kelner and board members and customers to discuss how boeing can do a better job. that's the story what we can expect happening ne
it will be chairman larry kelner from the boeing board along with at least one board member visitingr of their top customers here in the united states potentially might be visiting some of their largest international customers after that, and this is essentially a chance for kelner and board members to hear straight from the customers what's not working at boeing and how frustrated those customers are. we do know from talking with people familiar with these discussions that the airlines...
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Mar 22, 2024
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kelner in meetings that will not include company ceo david calhoun. according to "the wall street journal," the group plans to express concerns that the alaska airlines max 9 blowout and the company response. the wall street analyst adding the decision to hold meetings without calhoun does not appear to be a good sign for the ceo's longevity at the company. frank, certainlyunusual. >> absolutely. take a look at shares since the blowout down 20%. bertha, thank you very much. see you later on. >>> more to come here on "worldwide exchange," including the one word investors need to know today. first, one of the valuable companies is under siege from regulators. jim cramer will give us his take on shares of apple. >>> the second day of reddit as a public company. will this face another alphabet or another snapchat in the making? >>> nike and lululemon shares get hit hard in the pre-market. a very busy hour when "worldwide exchange" returns. meets bold new thinking. (laughter) at 88 years old, we still see the world with the wonder of new eyes, helping you
kelner in meetings that will not include company ceo david calhoun. according to "the wall street journal," the group plans to express concerns that the alaska airlines max 9 blowout and the company response. the wall street analyst adding the decision to hold meetings without calhoun does not appear to be a good sign for the ceo's longevity at the company. frank, certainlyunusual. >> absolutely. take a look at shares since the blowout down 20%. bertha, thank you very much. see...
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Mar 25, 2024
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even earlier, in may , chairman of the board of directors larry kelner would leave the company, and stendiland general director of the division that produces civil aircraft, would immediately vacate his chair without even waiting for shareholder meetings. boeing employees received a letter on monday on behalf of david calhoun, it says the alaska airlines flight 1282 incident was a turning point. the american publication cnbc reports that calhoun made the decision to leave his post on his own. "we must continue to work through these incidents calmly and transparently, and we must demonstrate our full commitment to safety and quality at all levels of the company. all eyes are on us and i am confident that we can become a better company given the experience we have learned from working together on boeing's transformation in recent years. it is still unknown who will take his place, while the corporation has already said that the new chairman of the board of directors will be steele molen kopf, the former ceo of qualcom. he helped make the company a global leader in smartphone mobile technology
even earlier, in may , chairman of the board of directors larry kelner would leave the company, and stendiland general director of the division that produces civil aircraft, would immediately vacate his chair without even waiting for shareholder meetings. boeing employees received a letter on monday on behalf of david calhoun, it says the alaska airlines flight 1282 incident was a turning point. the american publication cnbc reports that calhoun made the decision to leave his post on his own....
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Mar 26, 2024
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. >> in addition to the exit, boeing announced larry kelner will not stand at the meeting in may.by steve malinkoff. he will lead the board in picking a new ceo. also, president and chief executive of the airplane unit is leaving effective immediately and replaced by stephanie pope for more on the story, let's bring in tony bancroft and nancy tangler. good morning to both of you. tony, i'll start off with you. i want your take on what we heard yesterday. calhoun is retiring, but not until the end of the year. how do you feel about him continuing to lead this turn around effort? >> you know, thanks for having me i think the band-aid has been ripped off the announcement yesterday was the beginning of how investors are seeing boeing transitioning. in reality, it is an orderly and stable transition. i think dave will be 67 in april. he was only going to go to 70. 18 months was the most realistic time t timeline for him this was announced a little bit earlier with the january insu incident this gives him time to get boeing back to the 737 production line back to stable >> does this giv
. >> in addition to the exit, boeing announced larry kelner will not stand at the meeting in may.by steve malinkoff. he will lead the board in picking a new ceo. also, president and chief executive of the airplane unit is leaving effective immediately and replaced by stephanie pope for more on the story, let's bring in tony bancroft and nancy tangler. good morning to both of you. tony, i'll start off with you. i want your take on what we heard yesterday. calhoun is retiring, but not until...
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Mar 22, 2024
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larry kelner, the executive chairman, knows the business very well from continental. people are not going to be rolled if they meet. boeing, in you were the, only offered -- if these airline executives, which of course the customers press, there will be a change. there will be a change at the top. you can't have your customers rebel against you and think that you can keep the strategy as it's currently -- >> and those customers, obviously, frustrated, certainly the ones that rely a lot on boeing to supply their fleet by the slowdowns in manufacturing, brought about by all the missteps, jim, that mean essentially they have fewer planes that can fly, so there's reduction in capacity, or at least below what they had anticipated coming into the year. >> i look for a person like david, who's been so successful at carrier, to want to be at a meeting with the executives. i think this idea of just sending the non-executive chairman is a nonstarter when you have your major customers that want to meet with the board. >> yeah, although that is typically -- you're going to have s
larry kelner, the executive chairman, knows the business very well from continental. people are not going to be rolled if they meet. boeing, in you were the, only offered -- if these airline executives, which of course the customers press, there will be a change. there will be a change at the top. you can't have your customers rebel against you and think that you can keep the strategy as it's currently -- >> and those customers, obviously, frustrated, certainly the ones that rely a lot on...
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Mar 25, 2024
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larry kelner out as chairman, replaced by steve mullencough on board of directors leading the ceo search exclusive interview coming up in a half hour talking to him about these changes and his view where things are at boeing as it wrestles with a lot of problems within its manufacturing facility here in renton, washington, as well as the outlook for boeing and the management in the future, where it will not include dave calhoun after end of this year guys, back to you. >> five points up so far on -- we'll see how that works the initial knee-jerk reaction on all this is positive for the shares, i guess, phil. trying to -- >> not surprised, joe. not surprised. not surprised. look, the pressure building for them to make significant, concrete, take some significant concrete action, and this is it. you are basically, you have boeing's board saying, look. we're putting new management in place. we don't know who the ceo will be that will be determined over the next several months as steve mullencough begins the ceo search no doubt involve an outside recruiting firm, but a unique skill set is re
larry kelner out as chairman, replaced by steve mullencough on board of directors leading the ceo search exclusive interview coming up in a half hour talking to him about these changes and his view where things are at boeing as it wrestles with a lot of problems within its manufacturing facility here in renton, washington, as well as the outlook for boeing and the management in the future, where it will not include dave calhoun after end of this year guys, back to you. >> five points up...