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Dec 23, 2019
12/19
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she says mr mullenberg's departure means little to her. i don't think his resignation is going to change anything for me. maybe for other families but it isn't going to bring my dad home for christmas and it's not going to bring lots of loved ones around the table for dinner this year or any other year to come. so, for us, it doesn't make that much of a difference but we hope other families don't have to go through what we are going through. the final humiliation for dennis mullenberg came last week when boeing suspended production of the 737 max because regulators still won't let the plane back in the air. it is unclear when it'll fly again. but, when it does, one of the biggest challenges facing the chief executive will be to persuade passengers it really has been made as safe as it possibly can be. theo leggett, bbc news. the sports minister says the government is committed to working closely with the football authorities to stamp out racism. nigel adams said he'll be monitoring their plans. it comes after the chelsea player antonio rud
she says mr mullenberg's departure means little to her. i don't think his resignation is going to change anything for me. maybe for other families but it isn't going to bring my dad home for christmas and it's not going to bring lots of loved ones around the table for dinner this year or any other year to come. so, for us, it doesn't make that much of a difference but we hope other families don't have to go through what we are going through. the final humiliation for dennis mullenberg came last...
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Dec 23, 2019
12/19
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BBCNEWS
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i think dennis mullenberg's departure was inevitable at some point. he presided over an era where boeing came out with its flagship aircraft which we now know contained aircraft which we now know contained a floor, which never should have got past regulators, and it was allowed to continue flying after the first of those two catastrophic accidents. the plane was allowed to keep lying and another one crashed in ethiopia. he has come underfire for presiding over an era where the company put reduction rates over its safety, according to people. it says safety is its number one priority, but there has been a lot of criticism to dennis mullenberg‘s response and his attempt to spread brain and say the accidents were part of a chain of events. i think his departure was inevitable. the fact it is happens 110w inevitable. the fact it is happens now has been triggered by the announcement last week that boeing was going to have to close down it point in washington state where it makes the plane. boeing has been saying all year it wanted this aircraft are flyin
i think dennis mullenberg's departure was inevitable at some point. he presided over an era where boeing came out with its flagship aircraft which we now know contained aircraft which we now know contained a floor, which never should have got past regulators, and it was allowed to continue flying after the first of those two catastrophic accidents. the plane was allowed to keep lying and another one crashed in ethiopia. he has come underfire for presiding over an era where the company put...
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Dec 23, 2019
12/19
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BBCNEWS
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she says mr mullenberg's departure means little to her. i don't think his resignation is going to change anything for me. maybe for other families but it isn't going to bring my dad home for christmas and it's not going to bring lots of loved ones around the table for dinner this year or any other year to come. so, for us, it doesn't make that much of a difference but we hope other families don't have to go through what we are going through. the final humiliation for dennis mullenberg came last week when boeing suspended production of the 737 max because regulators still won't let the plane back in the air. it is unclear when it'll fly again. but, when it does, one of the biggest challenges facing the chief executive will be to persuade passengers it really has been made as safe as it possibly can be. theo leggett, bbc news. our business correspondent samira hussain is new york for us. boeing is a huge american company, so boeing is a huge american company, so what does it mean for the company and for the economy? there is no doubt that th
she says mr mullenberg's departure means little to her. i don't think his resignation is going to change anything for me. maybe for other families but it isn't going to bring my dad home for christmas and it's not going to bring lots of loved ones around the table for dinner this year or any other year to come. so, for us, it doesn't make that much of a difference but we hope other families don't have to go through what we are going through. the final humiliation for dennis mullenberg came last...
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Dec 23, 2019
12/19
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BBCNEWS
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she says mr mullenberg's departure means little to her. i don't think his resignation is going to change anything for me. maybe for other families but it isn't going to bring my dad home for christmas and it's not going to bring lots of loved ones around the table for dinner this year or any other year to come. so, for us, it doesn't make that much of a difference but we hope other families don't have to go through what we are going through. the final humiliation for dennis mullenberg came last week when boeing suspended production of the 737 max because regulators still won't let the plane back in the air. it is unclear when it'll fly again. but, when it does, one of the biggest challenges facing the chief executive will be to persuade passengers it really has been made as safe as it possibly can be. theo leggett, bbc news. well, the aviation expert john strickland joins me now. great to see. first off, you visited seattle recently. you met the former executive. what was your impression of him and how he was handling the crisis? he came a
she says mr mullenberg's departure means little to her. i don't think his resignation is going to change anything for me. maybe for other families but it isn't going to bring my dad home for christmas and it's not going to bring lots of loved ones around the table for dinner this year or any other year to come. so, for us, it doesn't make that much of a difference but we hope other families don't have to go through what we are going through. the final humiliation for dennis mullenberg came last...
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Dec 24, 2019
12/19
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KPIX
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dennis mullenberg was at the helm when the company suffered 2 fatal crashes. he agreed to resign monday at the request of the board. the company said a change of leadership was needed to restore confidence in the company moving forward as it works to repair relationship windshield regulators, customers, and all other stake holders. it's been a tough year for the aerospace giant. stocks plunged ov the weekend after star liner, boeing's new space capsule veered off course, causing nasa to scrap a docking with the international space station. mullenberg failed to get the troubled 737 max back in the air, and last week boeing announced it's halting production. 2 max planes crashed several months apart killing 346 people. the company admitted its automatic flight control system played a role in the crashes. >> we are responsible, and we own that. regardless of cause. any accident is unacceptable. >> reporter: the ceo testified on capitol hill 2 months ago where he was confronted by lawmakers and victims' families. >> it's come to the point that you're not the perso
dennis mullenberg was at the helm when the company suffered 2 fatal crashes. he agreed to resign monday at the request of the board. the company said a change of leadership was needed to restore confidence in the company moving forward as it works to repair relationship windshield regulators, customers, and all other stake holders. it's been a tough year for the aerospace giant. stocks plunged ov the weekend after star liner, boeing's new space capsule veered off course, causing nasa to scrap a...
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Dec 23, 2019
12/19
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>> it's been one thing after the next for dennis mullenberg. he and the rest of boeing have painted a rosy picture that the 737 that the mcast the automated flight control system that's at the center of the investigation of those crashes would be fixed and that the 737 would be fixed and return to service. earnings call month after month, week after week, that just hasn't happened. the latest being as you mentioned last week with the stopping the production of the max, costing boeing billions of dollars, costing airlines hundreds of millions of dollars. and when it will fly again is still unclear. we're still waiting on boeing and the faa to present a path forward. boeing has painted a rosy picture throughout this. >> a lot of people wondering when it will be put back into rotation. this move seems aimed at restoring some confidence in the company overall. who takes its place and what are you expecting moving forward? >> dennis calhoun who replaced mellenberg in october as chairman, he now becomes the ceo. here's the big thing. mullenberg was a
>> it's been one thing after the next for dennis mullenberg. he and the rest of boeing have painted a rosy picture that the 737 that the mcast the automated flight control system that's at the center of the investigation of those crashes would be fixed and that the 737 would be fixed and return to service. earnings call month after month, week after week, that just hasn't happened. the latest being as you mentioned last week with the stopping the production of the max, costing boeing...
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Dec 24, 2019
12/19
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CNBC
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once that happened, we saw mullenberg go. we saw the meeting between dixon and him and the idea of don't ask us for any favor take us through this deliberation the board met. what do they have to talk about. why was this decision made and why now? >> you saw in the clip, the board stood by muilenburg for months and months. victims and family were even saying why are you still here but the board stuck with them. this meeting with the faa, you saw the faa come out to an american corporation and say we call the shots we are the ones in charge and to sort of assert the control and to make sure the public knows they have that kind of control was a turning point for them already trickled down to suppliers. they've already warned the suppliers, don't send us any parts. >> this is not a hit job on denis mullenburg at all. go back to 2016. the stock is up 143% during his time at boeing since just 2015 what exactly does david calhoun have to do as ceo, what does ths board have to do at boeing to get back on track? i think the stock per
once that happened, we saw mullenberg go. we saw the meeting between dixon and him and the idea of don't ask us for any favor take us through this deliberation the board met. what do they have to talk about. why was this decision made and why now? >> you saw in the clip, the board stood by muilenburg for months and months. victims and family were even saying why are you still here but the board stuck with them. this meeting with the faa, you saw the faa come out to an american corporation...
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Dec 26, 2019
12/19
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CNBC
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mullenberg's relationship with the faa to put it mildly was not the best at this point given sort of the waive he had been prodding pushing them putting dates out there they hasn'tdn't agreed to. there was a reboot >> a lot of people had credibility problems in the last year they're not the only ones. these are very specific issues with the company for example, 3m several profit warnings we saw, issues there. the stock has been down on the year fed-ex, another company out there, that had very specific issues related to them even though they are tied into the global economy slowing or not slowing the story. so this is a good reminder that you can't just go out and buy index funds the rest of your life >> are you putting a warning out there for fred and for mike at 3m >> i'm saying several big companies had very specific issues around them this year that was unrelated to the 30,000 views i tend to give of the u.s. economy and the global economy and the markets moving in tandem with big global thieves. >> they continue to worsen during the year one of the biggerest if not the single lar
mullenberg's relationship with the faa to put it mildly was not the best at this point given sort of the waive he had been prodding pushing them putting dates out there they hasn'tdn't agreed to. there was a reboot >> a lot of people had credibility problems in the last year they're not the only ones. these are very specific issues with the company for example, 3m several profit warnings we saw, issues there. the stock has been down on the year fed-ex, another company out there, that had...
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Dec 24, 2019
12/19
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. >> sitting down with mullenberg and asked him about the pressure to step down >> has there ever been a day when you are thinking, i'm nt it working? it is better for the company if i leave? >> i've thought about it to be frank, that's not what in my character i don't see running away from a challenge as resigning being the right solution >> offering the board sup poirt over the failures. >> denis has done everything right from the beginning remember, denis didn't create this problem from the beginning, he knew mcas should and could be done better and led a program to rewrite and alleviate all of those conditions that ultimately beset two crews and all of those victims. >> creating the max fleet to successfully navigate this period >> he is going to experience one of the most difficult situations any ceo i know has lived through. if he can get us through here to the end point and that being a max flying in service and accepted by the flying public and begins to restore our brand, i might argue he's the best to be running the company >> looking at how the aerospace giant looks to regai
. >> sitting down with mullenberg and asked him about the pressure to step down >> has there ever been a day when you are thinking, i'm nt it working? it is better for the company if i leave? >> i've thought about it to be frank, that's not what in my character i don't see running away from a challenge as resigning being the right solution >> offering the board sup poirt over the failures. >> denis has done everything right from the beginning remember, denis didn't...
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Dec 16, 2019
12/19
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. >> karen, start with this, denis mullenberg, lost his chairmanship does he deserve to lose his job as ceo >> deserve, i'm not sure. >> could he? >> you could. >> are you implying there is something that went wrong the communication? >> i'm talking about the disconnect, the initial report, and the faa, and the lack of communication. i'm wondering about the c.eo has made such tactical errors zbl k >> i don't know. this is surprising to me, the suspension of production because it opens such a can of worms in terms of their supply chain and what could happen to them? if they want to revamp and get going again is that supply chain able to do that? are the customers there? how much can you sell that plane for? how much do you owe in continued delay? how much do you owe the airlines that have already ordered them i don't know i think, god, it's a lot of pressure on him. i think that was a serious misstep though to confidently convey we think that we'll be flying in the first quarter. >> i think about thinking about the stock and muilenburg and how to trade around that it's difficult to bu
. >> karen, start with this, denis mullenberg, lost his chairmanship does he deserve to lose his job as ceo >> deserve, i'm not sure. >> could he? >> you could. >> are you implying there is something that went wrong the communication? >> i'm talking about the disconnect, the initial report, and the faa, and the lack of communication. i'm wondering about the c.eo has made such tactical errors zbl k >> i don't know. this is surprising to me, the...
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Dec 24, 2019
12/19
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FBC
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the stock soaring 3% yesterday after announcing david calhoon will replace dennis mullenberg . it's unbelievable, on the eve of a holiday, boeing announces leadership change and the stock market and a investors were excited about it. but for a lot of people, myself included, maybe you too, i don't think bringing in this guy, david calhoon who is a veteran of the company, been on the board for a decade really changes any of the culture at gloang they had to make a choice between bringing in somebody who would clearly be a fresh outside voice and somebody who on one hand has the institutional knowledge, wouldn't have a big learning curve, that is calhoon, but somebody who on the other hand can't claim to be the new blood coming into the company. had this is somebody who up until recently was loudly defending denni dennis muilenbu, said he had confidence in him. a trade-off there. couldn't you new at this, -- continuity, yes. but in terms of convincing people it's a new day, we'll see. >> what was the nail in the coffin for mulcoffin for muleen. >> there were problems beyond the c
the stock soaring 3% yesterday after announcing david calhoon will replace dennis mullenberg . it's unbelievable, on the eve of a holiday, boeing announces leadership change and the stock market and a investors were excited about it. but for a lot of people, myself included, maybe you too, i don't think bringing in this guy, david calhoon who is a veteran of the company, been on the board for a decade really changes any of the culture at gloang they had to make a choice between bringing in...
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Dec 20, 2019
12/19
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CNBC
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but you don't see dennis mullenberg talking this morning, nor a couple other executives. it is the team in charge of the space program. they're the ones talking certainly not good news, certainly will have an impact on the program in the near term but this is not catastrophic this is not like boeing is like, oh boy this is the worst thing in the world to happen to us. i wouldn't put in it that category. >> and morgan, as you move through and cover this, what other details could possibly come out do they look ahead to the weather for the landing and that kind of thing? >> reporter: i think all of that is on the table right now. also, they don't know -- this did not -- this was an anomaly that did not show up in the simulations ahead of today's flight this is the first for starliner and simulating this and other tests here ahead of this it did not show up in any of the simulations, not sure what the root cause was and because of that, they don't know -- it is not still clear whether they will have to do another unmanned, uncrewed test flight before they can start putting as
but you don't see dennis mullenberg talking this morning, nor a couple other executives. it is the team in charge of the space program. they're the ones talking certainly not good news, certainly will have an impact on the program in the near term but this is not catastrophic this is not like boeing is like, oh boy this is the worst thing in the world to happen to us. i wouldn't put in it that category. >> and morgan, as you move through and cover this, what other details could possibly...
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Dec 19, 2019
12/19
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CNBC
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call was from the president of the united states this is not the first time president trump and dennis mullenberg, c.e.o. of boeing, have had conversations over the last couple of years the phone call happened on sunday the boeing c.e.o. told the president that the plans to halt production of the 737-max would be temporary and that there will be no layoffs, but all of this raises the question about whether or not the president might take the stoppage of production and the impact on the economy to put pressure on the faa to speed up the recertification of the 737-max let me remind you what the head of the faa told us just last week when we put that question to him >>> have you heard from president trump about the max or from anyone in the white house who has said, look, we're coming up on nine months, it will be a year we need to get this plane back in the air we need to get boeing delivering planes again it's good for the economy. have you received any pressure at all >> no, i have not. this is my decision. this is the agency's decision. secretary chow has been very supportive and the white house
call was from the president of the united states this is not the first time president trump and dennis mullenberg, c.e.o. of boeing, have had conversations over the last couple of years the phone call happened on sunday the boeing c.e.o. told the president that the plans to halt production of the 737-max would be temporary and that there will be no layoffs, but all of this raises the question about whether or not the president might take the stoppage of production and the impact on the economy...
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Dec 23, 2019
12/19
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CNBC
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what do you think happens if there is an announcement that mullenberg is leaving? i think the shares at this point rise obviously, then the question is who's next and, you know, would you want that job but i think at some point, you know, it's more of a part of the problem than the solution. we know this is not all his fault. but, you know, not only the design issues but the response has sort of been repeatedly botched from the early days. i know it's been tough and "the wall street journal" story confirms what you can see which is that he had lawyers pulling at him to say one thing and -- >> seth, you can't put calhoun in the job people will say it's the same problem. right? he's been there the whole time >> right >> if you take whoever you think the number two, three, or four person is, i'm not sure that works either you're going to, again, this is a credibility thing. are you going to bring somebody in from the outside who is supposed to credentialize this whole process and yet the outsider doesn't know all of the ins and outs of what's going on for the past yea
what do you think happens if there is an announcement that mullenberg is leaving? i think the shares at this point rise obviously, then the question is who's next and, you know, would you want that job but i think at some point, you know, it's more of a part of the problem than the solution. we know this is not all his fault. but, you know, not only the design issues but the response has sort of been repeatedly botched from the early days. i know it's been tough and "the wall street...
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Dec 24, 2019
12/19
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MSNBCW
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boeing's board of directors decided late sunday the company needs new leadership now firing dennis mullenberg and replacing him with board chairman calhoun. >> the biggest issue for him is that the relationship with faa has broken down completely. >> mullenburg had tried to pressure the faa into fast tracking the approval with the 730 sfem 7 max fichs fixes after they killed people. they temporarily shutdown the max production line. it was only in november that he met with those members of the family of those who died. >> we are deeply sorry. >> reporter: boeing had not been transparent about the plane's problems. the world's airlines are demanding compensation. this man's daughter died in the ethiopian crash and he's demanding a change in boeing's executive culture. >> i can't help my daughter anymore, but this is what we can do, try to make aviation safer for everyone else. >> it says it needs make changes with the faa and the but knowing chief has reached out to the faa chief promising transparency and cooperation. back to you. >> all right. >>> so the impeachment battle on both sides of t
boeing's board of directors decided late sunday the company needs new leadership now firing dennis mullenberg and replacing him with board chairman calhoun. >> the biggest issue for him is that the relationship with faa has broken down completely. >> mullenburg had tried to pressure the faa into fast tracking the approval with the 730 sfem 7 max fichs fixes after they killed people. they temporarily shutdown the max production line. it was only in november that he met with those...
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Dec 27, 2019
12/19
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FBC
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mull ingberg was fired -- mullenberg was fired earlier this week. the 737 max remains grounded as they work with the faa to return the plane to service. cheryl: all right, tracee, thank you very much. obviously boeing is a big story for the markets for the dow, the stock one we watch. at the same time, there's questions this morning about this new ceo's, calhoon, about his ties to lobbying groups, political donations he' donatiod the relationship with the faa. is he the right guy? >> spending on lobbying in washington is going through the roof. we talked about cleaning up the swamp. the swamp has not been cleaned up, whether this is the right guy, i think this company has big problems one way or the other with the 737. so we've got to wait and see. cheryl: also, jack, the consumer trust issue in all of this, i don't think i've ever in my lifetime seen where people talk about a 737 max and know what that is and the average person knows what that plane is and they'll be looking to see if they're on one. >> they are. like i said before, i can't tell yo
mull ingberg was fired -- mullenberg was fired earlier this week. the 737 max remains grounded as they work with the faa to return the plane to service. cheryl: all right, tracee, thank you very much. obviously boeing is a big story for the markets for the dow, the stock one we watch. at the same time, there's questions this morning about this new ceo's, calhoon, about his ties to lobbying groups, political donations he' donatiod the relationship with the faa. is he the right guy? >>...