dave hal calhoun on saturday said he received a phone call from dennis muilenburg -- on capitol hills and representatives, why are you being paid given the crisis involving the 737 max he didn't have an answer he said that's up to the board on saturday he called dave calhoun and said forget about my bonus and stock grants for 2019. also forget about them all the way until the max deliveries -- they're caught up completely which may not happen by the end of next year it could be early 2021 by the time they catch up with all deliveries he is -- his compensation question they have put that to rest at least for now. and don't forget, he is at deal book talking with andrew ross sorkin. >> it's interesting calhoun said it was a series of engineering decisions. what did he say in response to text gate, one of the most memorable emmoments in the hearings >> yes. >> why didn't somebody in the staff come running in with the hair on fire when they saw the texts. >> we did ask about the emails and whether or not this was a culture of oh not telling everybody everything, and essentially not a saf

dave calhoun, he said, look, dennis mullenberg has waved most of his compensation. be only for 2019 but beyond. last year he made just over $23 million. now, almost 90% of that was through the performance bonus as well as stock awards he's not getting those for 2019. and then he's not going to take them until the max deliveries are caught up which may not be until early 2021 here's what dave calhoun had to say about their feelings about mullenburg >> from the vantage point of our board. he's done everything right from the beginning from the beginning remember, dennis didn't create this problem but from the beginning, he knew that m-cast should and could be done better and he's led a program to rewrite it. to alleviate all of those conditions that ultimately beset two unfortunate crews and the families and victims no one was hiding anything it was a set of engineering decisions that ended up boeing wrong. our job is to make sure whatever jobs we have, that those processes never allow for this to happen again. that that assumption just because history suggested it, ju

boeing chairman dave calhoun the dow component separated the ceo and chairman roles amid the 737 max oun chairman on october 11th been relatively quiet in terms of on camera interviews. this morning he has a "squawk box" exclusive he joins us with phil lebeau good morning good morning, mr. calhoun. >> reporter: good morning, joe. >> good morning, joe. >> reporter: i know you have a number of questions for dave you and i were talking before you came out here. >> yes. >> big question right off the bat is the compensation for dennis muilenburg. you have some news about how that's going to be changing, correct? >> yeah, i do. of course, it was sort of obvious to everyone that was an uncomfortable question for dennis dennis doesn't like to speak on behalf of board activities anyway, dennis called me saturday morning, 10:00, with the purpose of suggesting that he not take any compensation for 2019 in the form of bonuses, which is of course most of your compensation it came in two fronts. one, no short, no long-term bonus and, three, no consideration for equity grants until the max in its en

dave calhoun also eased the minds of investors who think tht 737 max crisis is one the company can'tat ma may be one of the reason why shares rose 2% in today's trading. phil lebeaug. hes more. >> ls than a week after muilenburg was blastedhi on capitol . >> if you had an ounce of integrity you would know the right thingo do is to step down. >> boeing chairman dave calhoun was emphatic, the board still backsmu enburg. >> from the vantage point of our board, denis has don everything right. from the beginning. >> for more thanr a yea as investigators zeroed in on the cause of the 737 max crashes, and fixing the plane's defective flight control system, muilenburg has been on the hot seat. critics say he oversees a company where the push to roll out thmax came at the expense of ensuring the planes are safe. an allegat calhoun denies. >> that question of culture and anybody's willingness to trade safetyin against any else, never seen it neverev touched i. lln't believe it. >> s muilenburg is stinging from congressman questioning his $23 million pay package last year. >>s anybody at boein

yesterday "squawk box" spoke excludsively with chairman dave calhoun.g is doing enough to improve itself and whether ceo dennis muilenburg can still effectively lead the company. u' wchg quk x" yoreatin"sawbo on cnbc bsolete? at pgim, we see alpha in the trends driving specific sectors of outperformance. where a rising middle class powers a booming auto industry... a leap into the digital era draws youthful populations to mobile banking and e-commerce... trade and travel surge between emerging markets. every day, our 1,100 investment professionals around the world search out opportunities for alpha. partner with pgim, the global investment management businesses of prudential. as a principal i can tell you this. when one student gets left behind, we all get left behind. this is a problem that affects each and every one of us. together with ibm, we created a whole new kind of school called p-tech. within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. you know what's going up today? my pos

dave calhoun talked with us exclusively this morning on "squawk box. we touched on a number of topics including boeing, dennis muilenburg, the future of the 737 max. here's a little taste of what he had to say about how the board feels about the job dennis muilenburg has done. >> dennis didn't create this problem. but from the beginning, he knew that mcas should and could be done better. it was sort of clear to us, no one was hiding anything. it was a set of engineering decisions that ended up being wrong. that question of culture and anybody's willingness to trade safety against anything else, never seen it, never touched it, don't believe it >> the big piece of news coming out of this interview this morning is dave calhoun saying that he got a call on saturday from dennis muilenburg who, remember, last week, was grilled on capitol hill about his pay package and why he is still being paid, despite all of the issues surrounding the max mullenberg said, i'm going to waive my bonus and stock awards for 2019 and for as long as it takes to catch up on 737

boeing's new chairman dave calhoun confirmed suggested he shouldn't take any stock . or bonus money this year boeing stock is up today and has gained a temper cent increase just this year and this also comes as boeing successfully tested its 1st major flight test this week the starliner reaching a height of 4000 feet at 650 miles per hour the 75 2nd test appeared to be successful this was in spite of one of the 3 parachutes that failed boeing officials said the spacecraft was designed to last lately with just 2 and the abort system at the requirements for a successful test the launch was a critical milestone as boeing looks to fly humans to the international space station sometime next year. occidental petroleum is looking to slash capital spending in an effort to pay down debt from their $55000000000.00 acquisition of anadarko petroleum the company which has large operations in the oil rich permian basin announced a budget of 5500000000 in capital expenditure for 2020 down from more than 3 but are down more than 3000000000 in 20 from 2019 occidental estimates oil and

. >> dave calhoun told us yesterday we have dennis muilenberg's back as ceo he was put on the spot early on and asked whether or not he has considered resigning here is what he had to say. >> i think it's fair to say i've thought about it but, to be frank, that's not what's in my character i don't see running away from a challenge, resigning as the right solution the way i grew up, what i believe in today and the values i try to share with me team is when we have challenges we face into them. these two accidents, they happened on my watch at boeing and i feel obligated, i feel responsible to stay on it, to work with the team to fix it. >> dennis muilenburg also said he expects to lose tens of millions because he is foregoing a business as well as stock awards for this year, likely for next year as well. he also plans to make a donation to the victims' family funds shares of boeing under a bit of pressure as people continue to question whether or not this plane will be certified by the end of the year. back to you. >> boeing shares are up 2.5% over the past week muilenburg doing testimony

but nevertheless, now he's got the backing of the new chairman, dave calhoun, said he's not going to muilenburg, for the time being. neil: you always just wonder whether he's potentially dead man walking, though. i always wonder, the problem with boeing is that so much goes through him, he's been the guy, you know, prior to this he often would brag about being a very hands-on, detail-oriented manager. we have seen this before, where testimony gets heated and all of a sudden, not as hands-on, not as detail-oriented. what do you think his future looks like? dagen: i think they've got to get this aircraft back in the sky. that's got to be job one and not to make any ceo, any corner office changes until they can get that done. they suffered some delays on that. i know boeing said it expects regulators will sign off on a package of the software fixes and the like, approve new pilot training plans in the coming weeks, but i think that they can make those decisions once they get this aircraft back into operation. neil: look forward to seeing you in 15 minutes. thank you, my friend. dagen: h