Boeing Co (NYSE:BA) CEO Dave Calhoun is under intense scrutiny as the company grapples with a series of crises. Despite the ongoing turmoil, Calhoun has managed to retain his position, leaving industry experts and analysts perplexed.
What Happened: Boeing has been embroiled in a series of crises, ranging from mid-flight emergencies to severe business setbacks, reported CNN. The company’s stock has plummeted by over a quarter of its value this year, with a series of incidents further tarnishing its reputation.
"It's become an extreme embarrassment," Richard Aboulafia, a longtime aviation analyst said. "The board seems weirdly absentee, investors seem weirdly complacent, and the government doesn't seem to have a mechanism for dealing with this."
These incidents include a mid-flight blowout on a Boeing plane, which led to federal investigations pointing to potential negligence by Boeing workers. The company has also been accused of delaying the provision of crucial evidence to investigators.
On top of this, a Boeing 787 Dreamliner experienced a sudden plunge mid-flight, injuring 50 passengers. The same day, a Boeing whistleblower, John Barnett, died in an apparent suicide just before he was scheduled to testify about safety concerns he had raised.
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