Showing posts with label Lawrence Kellner. Show all posts
Showing posts with label Lawrence Kellner. Show all posts

Monday, December 23, 2019

Way to Go: Foundering Boeing Corp. Replaces Aeronautical Engineer With An Accountant as CEO

Last June, writing of Boeing Corporations penny pinching stupidity, we  noted that:

... Boeing corporation has only one aeronautical engineer on its board of directors, Dennis Muilenburg, who serves as President, Chairman, and Chief Operating Officer. With the exception of a couple of book-keepers, other board members appears to be of little more than decorative value, vanity board members, including such engineering notables as Caroline Kennedy, daughter of JFK, and just-appointed Nikki Haley, former US Ambassador to the UN. ...

But apparently Boeing's directors judged that one aeronautical engineer on the Board was one too many, so today they fired Muilenburg and announced that they will replace him with David Calhoun, currently the global head of private equity portfolio operations at Blackstone.

In January, Boeing will appoint Lawrence Kellner, a real estate developer, as Board Chairman.

Boeing Corp, RIP.

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