Boeing CEO and Board Chair Step Down Years Too Late

Four years ago, under the heading Boeing's Deadly Penny Pinching Stupidity, we wrote:

... 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, as we wrote later the same year:

... apparently Boeing's directors judged that one aeronautical engineer on the Board was one too many, so today they fired Engineer and CEO Muilenburg and announced that they will replace him with David Calhoun, an accountant 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.

Now, after two Boeing aircraft crashes due to poorly written software and one near disaster due to the mid-flight blowout of an improperly installed door panel,  both accountant CEO Calhoun and real-estate developer Board Chairman Kellner are to step down in what has been described as "a broad management shake-up as the 737 Max crisis weighs on aerospace giant."

So will they hire folks with aeronautical engineering expertise to replace them? Just wonderin'.

Related: 
https://www.zerohedge.com/markets/boeing-shares-tumble-after-nyt-whistle-blower-report-787-dreamliner-fuselage-flaws

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