'There's just so much uncertainty about when this plane is going to fly again,' said Argus Research's John Eade, among the first analysts to downgrade the stock after the 737 Max crashes.
the Yale School of Management professor cited Calhoun's relation to past Boeing CEO James McNerney among his top qualifications for the role. During McNerney's helm, from 2005 to 2015, Boeing began producing what would become the 737 Max.
"He's a protege of McNerney, so if you're looking for the McNerney positive influence, he worked for McNerney when McNerney was back at ," Sonnenfeld said of Calhoun, who was tapped to take over Boeing on Jan. 13. "He ran a $60 billion business, 120,000 people in aviation and infrastructure at GE."counts as another plus for Boeing, Sonnenfeld added. He was chairman of the board for the large machinery manufacturer in 2017-2018 and currently serves as presiding director.Calhoun's resume also includes senior managing director of Blackstone and CEO of Nielsen.
Sonnenfeld said the shakeup at Boeing is about "more than just Calhoun." He said he believes the company has the right leadership structure in place, pointing to Larry Kellner, who was named chairman of the board. Kellner is a former CEO of Continental Airlines, which merged with"[Kellner] knows what he's doing as far as contact with the air carriers," Sonnenfeld said.
Sonnenfeld also praised Chief Finance Officer Greg Smith for being "a lot more than a bean counter" who serves as the "culture carrier that really can speak to the employees and the financial community."
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