Dennis muilenburg, replacing him will be the former chair, technically chair, will step out of chair, become president and ceo, David Calhoun he becomes president and ceo effective january 13th what was the final straw that broke the camels back in large part, the relationship between boeing and the faa which is completely broken down over the last several months. I learned from sources that this morning David Calhoun called the head of the faa, steve dixon it was a short but amicable phone call in that call calhoun said to dixon boeing welcomes rigorous oversight. He also said boeing wants to be regulated. This is a big change in tone for boeing compared to where it was a few months ago but in terms of whether or not Dennis Muilenburg was not going to be in the job for long, it was expected for some time his tenure would be short. This is our conversation with him in the halls of capitol hill just a couple months ago have there been discussions with the board maybe once this is certif
In saudi arabia for the murder of the journalist jamal khashoggi. The former love island presenter Caroline Flack has pleaded not guilty to assaulting her boyfriend at herflat in london. The professional Footballers Association has called for a government inquiry into racism in the sport after the chelsea player, antonio rudiger, complained of hearing monkey noises from the crowd during yesterdays premier league match at tottenham. Our sports correspondentjoe wilson is at tottenhams stadium. The stadium behind me is a gleaming addition to the british sporting landscape in itself, an advertisement to the power and wealth of the premier league, but far from futuristic, what happened here yesterday seems to be another worrying indication that things are going backwards. Professional footballer telling the referee, telling the world, he has heard monkey chants. Not on a distant football pitch in eastern europe, this was Chelseas Antonio Rudiger at tottenham hotspur, in englands capital cit
Ceo Dennis Muilenburg is out effectively immediately as they struggle to get the 737 back in the air. Halftime report starts right now. Welcome, good to have you with us on this monday, our Investment Committee today, joe ter nova, brenda is back, the cio of sand hill Global Advisers the end of year rally continuing boy, what a difference a year makes, joe, right . Certainly does. Remember last december . I certainly do. That stunk. It did. Not this time around. Not this time around. 30second record close of 2019 on friday, up 28. 5 yeartodate could have the best yearly performance since 2013 remarkable. We had a liquidity correction this time last year. We had a Federal Reserve that was clearly hostile. Weve seen significant pivots in that record. The earnings picture really hasnt changed in 2019 we know earnings have basically been flat. Where we sit right now looks as though the runway is pretty clear for further price appreciation were now getting participation not just from techno
Communicating well as the year ended. Faarecent surprise is the was not ready to review the boeing until mid february to finish the review. Dennis muilenburg could be back in fleets by year end. This disconnect surprised a lot of people. That was the beginning of the end for denniss career at boeing. Kevin in terms of the shareholder response and the washington response, how have people been reacting to the news . George we have seen shares up. Was about this act trying to keep any further slippage in the timeline, trying to keep the max in front of the faa and reviewed and cooperated and looking like youre cooperated with the faa. I do not think it accelerates anything. I want to follow up. What is interesting is this is a company that is known for its checklist. For pilots talking to engineers, we have a great story in Bloomberg Businessweek on this and how there was a breakdown. What needs to change. Is it a big change within the boeing culture going back to where it used to be . Ge
Has his work cut out for him. The former ceo Dennis Muilenburg has come under fire for handling of the 737 max crisis. Here is the man that will handle the crisis. Member of board of directors since 2009. Member of Blackstone Private Equity firm. He served as a ceo of nielsen and worked at 26 years with General Electric specifically with transportation and aircraft engines. Muilenburg as you know, critics said under him boeing was too cozy with regulators getting the 737 max plane to market. That the company was not transparent enough after the two crashes. The company says, new Ceo David Calhoun will bring a brand new commitment to communication. Number one is getting the 737 max planes in the air. The company halted production of the plane while it works with the faa to get it recertified. You see them sitting in the Production Facility parking lot in washington. Boeing a dow component. Boeing enjoyed a nice bump on the stock market today, but it hasnt been a great road since march.