Boeing has a corporate governance problem. CEO Dave Calhoun has been a Boeing director since 2009 and CEO since January 2020. It strikes us as curious that Calhoun had no knowledge of the operational problems around the 737 Max aircraft that led to the two crashes that killed 346 people in October 2018 and March 2019.
Calhoun either had knowledge of the 737 Max’s technical problems and chose to ignore them, or, he should have had knowledge and taken appropriate action. Only three of Boeing’s twelve directors were appointed after the 737 crashes (Akhil Johri ’20, Steven M. Mollenkopf ’20, John M. Richardson ’19).
Yesterday it was reported that the FAA was undertaking a broad review of Boeing Dreamliner lapses.