Boeing: management expected before the Senate







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(Boursier.com) — Boeing and its general manager Dave Calhoun will have to keep a low profile before the US Senate this Tuesday, during a public hearing and while the aircraft manufacturer is accused of putting its profits before the safety of travelers. Investors, meanwhile, are concerned about Calhoun’s succession after the stock price fell by a third this year. New President Steve Mollenkopf, who took office as part of a reshuffle in March, is leading the search for the next CEO. According to sources close to the matter cited by Bloomberg, this research has accelerated in recent weeks. This Tuesday, Calhoun should recognize the shortcomings of his group which resulted in a series of incidents and accidents. According to Bloomberg, he is expected to confirm strict policies to prohibit retaliation against employees who report security problems, after whistleblowers and a group of experts called the practice common. “We are committed to ensuring that every employee feels empowered to speak up if they have a problem,” the leader should declare. “It is our duty to listen, however we receive feedback, and treat it with the seriousness it deserves,” according to comments seen by Bloomberg.

Remember that the US Department of Justice, Congress and other federal agencies are investigating the company. The head of the Federal Aviation Administration deplored regulatory oversight that was too lax, promising to keep Boeing under control until there was real evidence of progress, Bloomberg recalls.


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