Boeing Board Let CEO Mislead on 737 Max Crashes, Suit Says
Bloomberg 2/9/2021 Jef Feeley
(Bloomberg) Boeing Co. directors, including current Chief Executive Officer David Calhoun, lied about the company’s oversight of its 737 Max 8 airliner and participated in a misleading public-relations campaign following two fatal crashes involving the plane, shareholders claim.
Popular Searches
The board ignored red flags about the 737 Max, didn’t develop its own tools to evaluate safety and didn’t properly hold former chief executive officer Dennis Muilenburg accountable for launching a lobbying and public-relations effort to push back against criticism of the plane’s design flaws, according to recently unsealed court filings.
Auto supplier Continental sues Nokia in royalty fight over telecom patents autonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autonews.com Daily Mail and Mail on Sunday newspapers.
DuPont, Chemours in $4 Billion ‘Forever Chemicals’ Cost Pact
Bloomberg 1/22/2021 Jef Feeley, Tiffany Kary and Tony Robinson
(Bloomberg) DuPont de Nemours Inc. and Chemours Co. agreed to a $4 billion settlement of a dispute over environmental liabilities shifted to Chemours after it was spun off in 2015.
Popular Searches
The accord, which also includes DuPont’s former seed business Corteva Inc., covers payments for liabilities tied to a class of chemicals known as PFAS, the companies said in a statement on Friday. DuPont and Corteva will split “certain qualified expenses” 50-50 with Chemours, the companies said. They specified expenses incurred over a term of 20 years or $4 billion at most.