among the votes: whether departing ceo dave calhoun should remain on boeing's board.needs change from the top. the biggest point about the cycle, it is a salutary warning to all organisations and ceos about what happens if you forget your organisation's key values, your own moral compass and focus on profits. as for dave calhoun being on the board, he was brought in to fix the culture, he was paid $33 million to fix the culture. and plainly with what happened earlier in the year with the blow outs and whistle—blower reports he failed to do what he was being paid for and how any shareholder can accept the suggestion that that individual should now move onto the board, i think it is incredible. one of the world's largest exporters of spices — india — is facing contamination allegations against two spice brands in the country. it has sparked concerns among regulators around the globe. the u—k �*food standards agency�* has told the bbc it has tightened scrutiny on all indian spice imports. at the heart of this crackdown is a pesticide used to avoid contamination of spices

dave calhoun, who took over in 2019 after the previous boss was fired, has announced he's leaving atbut who will take on the role — now described by some as the "toughestjob in corporate america"? some shareholders want to see a new face from outside the firm. there is another bone of contention. boeing has disclosed mr calhoun was awarded a pay deal of almost $33 million this year, up 45% on last year, despite a steep fall in the stock price. live now to business leadership expert chris roebuck. a highly embarassing time for boeing. let's start with dave calhoun, not just his pay packet, but the question of whether he remains on the board of boeing after he leaves as chief executive. shareholders, will they get a say on that? i think the staggering _ will they get a say on that? i think the staggering biggest _ will they get a say on that? i think the staggering biggest point - will they get a say on that? i ii�*u “la; the staggering biggest point about this entire saga is it is a salutary warning to all organisations and a ceo of what happens if you forget your organisation's key v

boeing ceo, dave calhoun, who took over in 2019 after the previous boss was fired, has announced he'sof the year. but who will take on the role now described by some as the "toughest job in corporate america"? some shareholders want to see a new face from outside the firm. and there is another bone of contention. boeing has disclosed mr calhoun was awarded a pay deal of almost $33 million this year, up 45% on last year despite a steep fall in the stock price. earlier i spoke to the leadership expert and he says boeing needs change from the top. this point about this entire saga is it's a salutary warning to all organisations and ceos of what happens if you forget your organisation's key values, your own moral compass, and focus totally on profits. and as for calhoun being on the board, as you pointed out so accurately, he was brought in to fix the culture. he was paid $33 million to fix the culture. and plainly, with what happened earlier in the year, with the blow outs and whistle—blower reports, he failed to do what he was being paid for. and how any shareholder can accept the sugge

have you spoken to dave calhoun about this? bill: i've spoken to him many times. the aircraft division of boeing has had the recent problems with the bolts on the panel falling out. but dave calhoun, when i first met him, he introduced me to his new head of boeing defense and space. he said this guy is a good one. he said -- he is going to make sure that everything is working in the defense and space sector, wishing's star lab. -- which includes the star lab. my interpretation is just like has been ordered to you today. they have done it without a hitch. that this is a clean spaceship that is ready to launch. i can tell you, from the nasa point of view, we don't launch until it's ready. megan: thank you, marsha. over here? jeff: space news for gary. is there anything different about this atlas from other atlases? hardware or procedures that account for the inflow? gary: other than the emergency detection system, it's pretty much a standard atlas five vehicle, goes through the same standard procedures and processes. the only other significant difference is it doesn

>> you have dave calhoun leaving at the end of this year and the board picking a,000 ceo.me changes on the board. is it possible that the doj says, we're not comfortable with the leadership even further. that's a possibility, though i don't think the doj wants to go down that path, because then you get the government really getting into the business of picking business leaders for particular companies. so i think that is not likely. i think more likely the option is greater restrictions in terms of what boeing has to live up to. and keep in mind, kelly, they could have put the deferred prosecution agreement extended for another two or three years. so that they continue to have oversight of boeing. >> interesting. so they sound like they're going to be more involved one way or the other. again, investors sending the stock down 31% this year. phil, thank you very much. >>> shares down 1.7% today, coming up, netflix giving up gains after taking its first true step into live sports. it will be dreaming nfl games on christmas day for the next three years. the shares are still u

ceo dave calhoun and key company officials met with federal aviation administration officials for threedated safety plan, 90 days to the day after the faa set that deadline. >> and while this plan is being implemented, the cap on how many planes boeing can actually make remains. and that is slowing down delivery of new aircraft to airlines. ktvu tom vacar reports. >> boeing's plans deal primarily with setting specific objectives for safety and quality going forward. >> i made it clear to boeing ceo dave calhoun and other senior leaders that this plan does not mark the end of our increased oversight of boeing and its suppliers, but the beginning of the next chapter. >> there is no timeline. it lasts until every plane is deemed completely acceptable for passenger use. >> these steps are not just about the max, they're about all production for boeing commercial aircraft to reach those objectives, the faa already has a lot more inspectors on the factory floor relying on key employee interviews to assure that boeing employees and its suppliers employees have more and better ways to provide i

dave calhoun the ceo of boeing said he's going to step down by the end of the year and boeing is actively looking for a new ceo. many people raise the same questions and said boeing needs a new ceo with an engineering background, not someone from the financial services side. after those two crashes in 2018 and 2019 that forced the grounding of the plane for almost 20 months, it did caused legislation and the faa and boeing to rethink about their processes. they did get criticized for their oversight of boeing and boeing agreed to a 2.5 billion dollars settlement with the justice department over its representation during the certification of the max 8. that is still ongoing. the doj now is deciding did the alaska incident, was that a violation of that agreement? will that prompt it to reopen or extend that prosecution agreement? the broader point is one that's been raised alive. has boeing move too far from its roots as an engineering company and become a financial company? there is anecdotal evidence that people have moved away from blowing -- boeing flights a little bit. one in every two

i made it clear to boeing ceo dave calhoun — and other senior leaders — that this plan does not mark suppliers, but at the beginning of the next chapter. boeing is under scrutiny not just for this january's in—flight incident, but also for 2018 and 2019 failures that resulted in the deaths of 346 passengers aboard two 737 max jets. the new plan is boeing's path toward regaining the confidence of airline passengers and regulators. in the meantime, mr whitaker said regulators won't be allowing boeing to increase its production of 737 max jets — that's been on hold since february — and he doesn't expect that to change for the next few months. going forward, the firm and the watchdog will be having weekly check—ins on the plan's implementation, and the faa will carry out monthly reviews. let's stay in the us, because all eyes on wall street will be on a key piece of inflation data out before the markets open. the personal consumption expenditure — or pce — index records the price of goods and services bought by ordinary americans, and it is closely watched by the us federal reserve. the

of troubled plane maker boeing have approved a $33 million final pay package for outgoing ceo dave calhoun 737 max passengerjet, after inspections failed to notice that four bolts were missing. earlier this week, the us justice department said boeing could be criminally prosecuted for two deadly crashes involving the 737 max, after it breached the terms of a settlement. to the middle east next, where the israeli army says it is involved in intense fighting in the jabaliya area of northern gaza — which it previously said was mostly cleared of hamas fighters. the israel defence forces says tanks supported by warplanes and drones are fighting both above ground and in tunnels. troops went back into the area this week after previously pulling out, saying hamas had regrouped there. hundreds of thousands of palestinians have fled the fighting and bombardment. earlier several american doctors, who were working in the gaza strip, were evacuated. they'd been unable to leave since israeli forces took control of the gaza side of the rafah crossing with egypt last week, in an expansion of the ground op

boeing ceo, dave calhoun, who took over in 2019, after the previous boss was fired, has announced he'send of the year. but who will take on the role, now described by some as the "toughestjob in corporate america"? some shareholders want to see a new face from outside the firm. and there is another bone of contention — boeing has disclosed mr calhoun was awarded a pay deal of almost $33 million dollars this year — up 45% on last year. that's despite a steep fall in the share price. he may not get the full amount of share options, though, if he does step down at the end of the year. to talk us through what could be a tense meeting, let's speak to barry valentine. he has a0 years experience in the aviation industry, and has served with the us federal aviation administration. he now advises the wicks group law firm. hello. welcome to the programme. ijust want hello. welcome to the programme. i just want to start off, the first issue is finding that talent search. how tough is this going to be? i that talent search. how tough is this going to be?— is this going to be? i suspect that there

faa chief might whitaker met with outgoing ceo dave calhoun today.st up one-half of a percent. our "countdown" closer nonetheless likes aerospace sector, joining me with 430 billion in assets under management, baird analyst, ross mayfield. which part of the aerospace division do you like, ross? >> yeah, definitely favor the defense names over the more traditional aerospace. i think the long structural tailwinds from elevated defense spending, geopolitical tensions, where in the u.s., despite fiscal trouble defense will get through but really broad as well. u.s. defense names just don't sell locally. there is structural tailwind there. i think there is a road for a turnaround there. liz: how do you assess the ongoing wars between russia invading ukraine and israel versus gaza in pumping up these stocks? as a business network, this is what we do have to address here? >> absolutely. it is the reality of the world today. geopolitical tensions are heightened. we had a peace dividend a long time that is slowly kind of turning. you know there is cold war te

. >> you'll do it better than dave calhoun. >> i'm happy to take it, as well as the treasury job in trump't you love when he says that i know you're taking the trump treasury job david, you're saying that in a commercial break but no, i will take the boeing job. i promise you, i will do better. i promise you. i mean, i have a history -- i have a particular set of skills that will be a nightmare for the naysayers. >> you'll come on, though, every quarter? >> good luck every quarter, i'll come on, and i will talk to phil lebeau and tell a very straight story, and i would immediately go to every agency, throw myself down and says, do what you want, i'm not stopping okay and look, if they -- if they do not release the negatives, then i'm tell i doing you, i will fid them and make them pay >> boeing's been a tough story, to our earlier point about transports holding the dow back. >> it's unbelievable name a new -- make me ceo. just make me ceo i will even quit my job. >> you'll do both? like jack dorsey >> just four hours right now that i do not know what to do between 12:00 and 4:00 rat night

three-hour meeting was held not only with the head of the faa, but also the outgoing ceo of boeing, dave calhoun, and other senior leaders from boeing. and the idea here is to really fix boeing's tarnished reputation since the 737 max nine door plug blowout back on january 5, but you have to remember this is a years-long saga of demise for boeing after the 2018 and 2019 737 max crashes abroad that killed 346 people. here who is the plan that boeing has laid out to the faa. this is from the faa. the faa says boeing will give its workers clear instructions of what they will do on the assembly line floor. also, there'll be improvements to training and improvements to the tools that they use. also, boeing says it is committed to staying on top of third party suppliers. remember that is so critical to the door plug blowout incidents because spirit aerosystems is the supplier, the contractor that built the 737 max nine fuselage. a flaw was noticed. one, that fuselage showed up at a boeing factory in renton washington and boeing workers removed the door plug from that airplane and then put it back on,

. >> outgoing boeing ceo dave calhoun, also reportedly going to be in this meeting the faa administrator today. >> now, we know the faa administrator said this report. it's the beginning, not the end of the long road of getting back to where boeing needs to be. he says it's great to see up. let's see what what impede can get his hands-on today in terms of that reporting, john or a new report in the wall street journal says that donald trump is considered during advisory role for elon musk, the tesla ceo and faltering social media mogul. that is, if trump gets back to the white house, the journal writes, the two men are developing a friendly rapport and talk on the phone several times a month as the election nears that people familiar with their talk said, pair of held discussions on it immigration, technology, and science, including the us space force, their views and interests have grown more aligned. the people said with musk calling trump directly on his cell phone, joining me now is carillon bardo deputy wall street bureau chief of the wall street journal, who was one of many reporte

dave calhoun, face top regulators thursday to prove the plane maker is getting back on course it is the latest development as boeing struggles to fix its tarnished reputation since the january 5 door plug blowout on an alaska airlines 737 max nine now, boeing is laying out its plan for the federal aviation administration to stop what it calls quality control escapes clearer instructions for workers on its assembly line, as well as improved training and tools. boeing also says it is committed to ending flaws caused by third-party suppliers contractor spirit aerosystems built the fuselage of the alaska 737 max nine, but boeing workers bound to defect triggering them to re-install the door plug, but leaving out for critical bolts to hold it in place, faa administrator, mike whitaker, i don't know that i would characterize it as simple. building an airplane but the quality management system has to be robust. the training of employees has to be sufficient and this plan is comprehensive. it takes on all those aspects. and we're just going to monitor the implementation to make sure it's effect

. >> don't you wish every executive -- the guy at boeing, what's he pulling down 30 >> talking dave calhoun trying to just kind of make the point, like guys and dolls. >> he did inherit a mess to be fair. >> true. i'm saying in america, if you're a ceo, you pretty much start at 30 what ceo makes less than 30. i need to know. >> a ceo not being paid enough clearly. >> what ceo doesn't make more than the first 20,000 people hired by the company remember in 1980 when reagan -- 1981 when reagan was president, ceos didn't make that much more. >> no. they made 400 grand. >> they gave away half their salary to the workers there would never be a strike. >> the media business it's more. pay the cfo 30 million. >> you're in the media business. you want to detail who is paid like that? >> no. there's so much value created in the media business that these guys are all well deserving. >> reverse split >> i'm coming slowly but surely to the end of my time here. >> not slowly. not slowly that's the big problem you have. >> jim and david, worst memorial day box u office in almost three decades if you strip

meantime, boeing shareholders will vote today on whether departing ceo dave calhoun should remain on multiple investigations and possible criminal charges for past actions and slumping production of its top telling jet. and calhoun said he would retire by the end of the year as part of a management shake-up, after the midair blowout on a jet in january. and house republicans delivering a rebuke to president biden on israel over his decision to pause shipments of weapons to that country. lawmakers there passing a bill seeking to force that weapons transfer. the white house said the president would veto the bill if it passes and the democratic-led senate expected to reject it. >>> all right. here is the futures. about where they were -- looks like we copied it and pasted it up and put it up again. nothing happened. let's get to dom chu with a look at this morning's premarket movers. and i've never shot a 62, but that's just me. go ahead. >> you know, i never have either, but i'm sure xander schauffele has shot some of those in his time. anyway, i'm going to give you some movers that ar

we're working with stephanie pope, dave calhoun and the team in boeing.craft. that's going to constrain our growth. >> why doesn't that make you as mad as the last several times we've spoken with you. did they come in and offer you better prices? it's not like -- i mean, you were calling for the management team to get tossed out. >> yeah, and thankfully they did. the team in seattle has changed. i think stephanie pope is doing a good job. there are greene shoots of recovery. fuselage has been moved from wichita to seattle with no def defects. we're not seeing an acceleration of those turn around times in seattle. >> spirit airlines talking -- or spirit aerosystems talking about laying off people because they're having cash constraints themselves. >> they haven't produced a significant hold for about two months because of all the production was kind of frozen, but i think they're getting there. we for the first time in recent weeks with boeing, we were supposed to get two deliveries in june and three in july. it's now two in june, seven in july. they're pr

dave calhoun the ceo of boeing said he's going to step down by the end of the year and boeing is activelyking for a new ceo. many people raise the same questions and said boeing needs a new ceo with an engineering background, not someone from the financial services side. after those two crashes in 2018 and 2019 that forced the grounding of the plane for almost 20 months, it did caused legislation and the faa and boeing to rethink about their processes. they did get criticized for their oversight of boeing and boeing agreed to a 2.5 billion dollars settlement with the justice department over its representation during the certification of the max 8. that is still ongoing. the doj now is deciding did the alaska incident, was that a violation of that agreement? will that prompt it to reopen or extend that prosecution agreement? the broader point is one that's been raised alive. has boeing move too far from its roots as an engineering company and become a financial company? there is anecdotal evidence that people have moved away from blowing -- boeing flights a little bit. one in every two com

the new search for a ceo is the focus following dave calhoun's decision to step down at the end of the a name? annmarie: they are on the search. this also with calhoun can remain on the board. there is pushback from shareholders that maybe he should just go. potentially boeing will want this to be a nonevent, but it might be. this is about whether or not he will remain part of the company in a broader way and stay on the board. dani: there is irony, will it be larry cole pulled? he was a gl alumni. we have had four past boeing people that have been ge alumni's. we want someone internally? no, because of the mess. what if you get someone externally? this is an insane learning curve for someone new to come in. do shareholders have the appetite for a veteran and boeing? jonathan: the conversation yesterday with george ferguson of bloomberg intelligence was concerning. george told us that he thought that the regulator can only do so much because they were in such a unique position as boeing that almost alluding to the idea that some people have, maybe you want to call it a conspiracy theor