Posted 3/20/2024, 1:19:47 PM
Boeing's Deepening Crisis Calls for New Leadership to Revive Innovation
- Boeing's financial situation is worse than it seems due to constrained defense budget and inability for that division to offset civil aviation losses
- Boeing has a leadership and culture problem, lacking engineers in top leadership roles compared to financial executives
- Current CEO Calhoun has been involved with Boeing for over a decade and should have seen these issues coming
- Calhoun recently announced Boeing won't develop a new airplane for 10+ years, discouraging top engineering talent
- Boeing needs new leadership with engineering backgrounds to revive its historical engineering culture and innovation