Congress Ramps Up Scrutiny of Boeing Executives, Board - News Summed Up

Congress Ramps Up Scrutiny of Boeing Executives, Board


Rep. Peter DeFazio, chairman of the House Transportation and Infrastructure Committee, said he was dissatisfied with the Boeing board’s oversight. Boeing declined to comment on the survey, but a board member has said an internal review found no signs that undue pressure had compromised safety. Boeing’s directors, expected to meet on Sunday in San Antonio, recently stripped Mr. Muilenburg of his dual role as chairman. While Dave Calhoun, a top executive at the New York private-equity firm Blackstone Group Inc., took over the chairmanship from Mr. Muilenburg, Mr. Muilenburg retained his CEO position and is still a board director, and Mr. Calhoun has said the board has full confidence in him as CEO. U.S. Sen. Richard Blumenthal (D., Conn.) said he wanted to question Mr. Muilenburg and Boeing’s board members about Mr. Forkner’s exchange.


Source: Wall Street Journal October 20, 2019 15:22 UTC



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