Boeing’s supine owners are inviting tougher co-pilots to intervene. tombuerkle
A shareholder proposal calling on Boeing’s board to have an independent chair “whenever possible” was defeated at the company’s annual shareholder meeting on April 29. The motion was supported by 34 percent of shareholders casting votes, up from 25 percent at last year’s meeting.
Dennis Muilenburg, the company’s chairman and chief executive, told shareholders at the Chicago meeting that the company was committed to safety but did not provide any update on when it would present a software upgrade of its 737 MAX to the U.S. Federal Aviation Administration for approval. The plane has been grounded worldwide after the crash of an Ethiopian Airlines flight in March, five months after the crash of another 737 MAX operated by Indonesia’s Lion Air.
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