The Boeing 737 Max crisis prompts calls for a shakeup at the company
ISS and Glass Lewis, leading research firms that advise investors on how to vote on proxy questions, are supporting a resolution that would split the CEO and chairman positions. Both jobs are currently held by Dennis Muilenburg. The vote will take place at the April 29 annual meeting in Chicago.The ISS note to investors specifically mentions the two fatal crashes of the 737 Max and the damage to Boeing's reputation from the plane's problems.
It said Kellner and the board should have had better oversight of Boeing management as the 737 Max was developed and the crisis unfolded."The incidents have already had a substantial negative impact on the company's sales and reputation," Glass Lewis said in its note.
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