Boeing CEO Says He Decided Not To Quit After 737 Max Crashes And Gave Up Bonuses

[TexasTowelie]

The CEO of Boeing says he considered stepping down in the aftermath of two 737 Max plane crashes in the last year that killed 346 people, but he says he is committed to staying on and seeing the giant defense and aerospace company through one of the worst crises of its century-long existence.

"I think it's fair to say I've thought about it," Boeing chief executive Dennis Muilenburg said Wednesday at a business conference. "But to be frank, that's not what's in my character. I don't see running away from a challenge, resigning, as the right solution."

Muilenburg's comments come after he and his company faced criticism from lawmakers in two congressional hearings last week on Boeing's role in the deadly plane crashes in Indonesia Oct. 29, 2018, and in Ethiopia on March 10 of this year. In his testimony, Muilenburg acknowledged Boeing made mistakes in the design and development of flight control system on the 737 Max that contributed to the crashes, and subsequent missteps in how the company responded to the crashes.

"They happened on my watch," says Muilenburg of his reasons for staying put. "And I feel obligated, I feel responsible to stay on it, to work with the team to fix it, to see it through."

Read more: https://www.npr.org/2019/11/06/777078013/boeing-ceo-says-he-decided-not-to-quit-after-737-max-crashes-and-gave-up-bonuses

I support Mullenburg's decisions to stay and fix the problems within the company. It's easy to be the CEO when times are relatively good, but it takes hard work to get through rough times. Mullenberg's loyalty to Boeing is in sharp contrast to the CEO's that cash out and withdraw capital from companies for golden parachute retirement plans. I commend Mullenberg for his leadership.

Canceling the bonuses of the other members of the management team is also appropriate considering the circumstances. It's the rank-and-file workers that will ultimately solve the issues related to the 737 Max and the bonuses should go to them for fixing the problems and staying on their jobs during difficult times.

[lapfog_1]

1. the 737 max is a bad design

and, as CEO, he should have put into place enough checkpoints along the way to have stopped the final design before it went into production.

his failure may take down the company as the carriers sue over the cost of the fleet plus lost revenue, etc.

[Sherman A1]

2. Precisely

This cobbled together mish-mash of an aircraft needs to go to the scrap yard. His lack of action may very well spell the end of Boeing or its civil aircraft unit.

[mitch96]

5. From what I've read it was the desire for fuel economy via efficient engines

The engines caused a otherwise good proven design to cause a aerodynamic stall. To fix the stall problem they designed faulty software to cause the nose to point down when getting near a stall.
In my simple mind they could get rid of the software and the engines that initially caused the problems and they would have a safe aircraft again..
As for the bonus... accept the bonus from Boeing and give it to the familys of the victims..
THAT would be a show of good faith... It happened on his watch and I understand his desire to fix the problem... A monetary show of good faith would be a first step... YMMV
m

[Jirel]

3. That's doublespeak for...

... “After this, my career at the top of the executive food chain is DEAD unless I fix Boeing.”

[OldBaldy1701E]

4. Of course not...

There was not a major public backlash... sure, there will be litigation, but that is why most of the major corporations here in the US have more lawyers on their payroll than safety inspectors. Since he will not be taking the 'hit', he isn't going to give up the cushy job. Typical corrupt oligarchy, and S.O.P. for them as well...