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IPFS News Link • Business/ Commerce

Muilenburg Fired As Boeing CEO

• https://www.zerohedge.com, by Tyler Durden

Over the 3-year period 2016 through 2018 - Muilenburg's reign as CEO - Boeing employees received newly issued stock that's worth $4.9 billion today. There was another $3.5 billion worth of stock issued to the Boeing pension plan, which was immediately sold into the open market.Boeing announced today that its Board of Directors has named current Chairman, David L. Calhoun, as Chief Executive Officer and President, effective January 13, 2020. Mr. Calhoun will remain a member of the Board. In addition, Board member Lawrence W. Kellner will become non-executive Chairman of the Board effective immediately.