Boeing Shareholders Defy Proxy Advisor's Recommendation and Re-Elect CEO Amid Safety Issues

By : Benzinga

Published On: 2024-05-20

646 Views

00:36

Boeing shareholders voted to re-elect outgoing CEO Dave Calhoun despite proxy advisor Glass Lewis recommending against it due to ongoing safety issues. Calhoun had previously announced plans to step down at the end of 2024 following multiple safety incidents involving Boeing planes. Proxy advisor Glass Lewis was dissatisfied with efforts to change Boeing's safety culture, which has come under intense scrutiny after incidents like a whistleblower's death. Boeing shares have dropped 30% this year due to ongoing safety and production issues.

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