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Dave Calhoun was hired to fix Boeing. Instead, ‘it’s become an embarrassment’
Hardly a day has gone by in 2024 without a bad headline for Boeing, from life-threatening mid-flight crises up above to entrenched business debacles happening on the ground. So how does CEO Dave Calhoun still have a job?
One of its planes suffered a mid-flight blowout on January 5, prompting multiple federal investigations that increasingly suggest Boeing workers failed to put crucial bolts in place after making repairs. Calhoun, who previously worked at the Blackstone Group, Nielsen and GE, was cut from the same cloth as Jim McNerney, who ran Boeing as CEO from 2005-2015, a tumultuous era marked by strained labor relations and cost-cutting. “If you ask me, the first thing that needs to happen for Boeing to gain trust is to basically fire the entire C suite,” Gad Allon, a professor at the University of Pennsylvania’s Wharton School of Business, told me Tuesday.
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