THE ALL BOEING BIZ NUGGETS: Calhoun, Kellner leaving, but the cronyism is here to stay!

Live from the ISS ESG Skeptic Nelson Peltz Anti-Diversity Snack Room, it’s an all-new terrific Tuesday edition of Business Pants. Joined as always by Analyst-Hole Matt Moscardi! In today’s ESG turnip peeler called March 26, 2024: biz Boeing nuggets!

Our show today is being sponsored by Free Float Analytics, the only ESG data platform to measure real board influence and diversity power gaps

DAMION1

1. In our 'I'm not running for re-election because shareholders will automatically elect me again with 93% of the vote because they’re not paying attention and I 'm getting bored of sucking at this' headline of the week. Boeing CEO to step down, board chairman will not run for re-election

1. In our 'Clever, right? Boeing plane crashes? Heads popping off? Come on, this is gold!' headline of the week. A Complete Decapitation': Three Top-Level Executives at Boeing Resign Amid Safety Concerns

1. CNN anchor John Berman

1. In our 'In other WSJ news, Toyota sells several cars ' headline of the week. Boeing's Next CEO Will Have 'Massive Job' at Company in Crisis

1. In our 'After this tired analysis, WSJ Needs a Clean Break With the Past:  Listen to Free Float before you open your mouth' headline of the week. After Calhoun, Boeing Needs a Clean Break With the Past

1. “The CEO’s credibility was compromised by his status as a longtime board member, making the case for an outsider to succeed him”

1. In our 'One passenger seen rocking herself to sleep quietly chanting, 'According to Free Float Analytics, 50% of board influence still held by three directors who were on the board before fatal crashes in 2019, 50% of board influence still held by three directors who were on the board before fatal crashes in 2019'' headline of the week. Fliers trying to avoid Boeing planes, turning to prayer and anti-anxiety meds

1. CEO dave calhoun 22%

2. larry kellner 12% chair (and nom committee member)

3. nom committee chair ronald williams 13%

MATT1 - THROWBACK EDITION

1. In our 'Wait, he was on the board too?  He was CHAIR??  Of THIS board?  Are you sure?  Where are you getting your data?' headline of the week. Proxy advisers recommend Boeing shareholders vote against key board members

1. ISS also said that a vote for newly named Boeing Chief Executive David Calhoun is "warranted"

1. In our 'Yeah, but if we HADN'T, they would have made use more SCREWS in the plane' headline of the week. These companies still donate to Jan. 6 seditionists in Congress

1. Boeing was the LARGEST donor post Jan 6

1. In our '94.2% of investors agree' headline of the week. Boeing’s Calhoun Cites ‘Quality Escape’ In 737-9 Groundings

1. Vote FOR Calhoun in 2023

1. In our '93.1% of investors agree' headline of the week. Perhaps first, among the many legacies of [Larry Kellner's] tenure, is profoundly strengthened governance at our company, including through his recruitment of several superb new board members, and his work with others on the board to establish our independent standing board aerospace safety committee.

1. Vote FOR Kellner in 2023 

1. In our '100% of passengers agree' headline of the week. FBI tells passengers on Alaska Airlines flight they may be 'victim of a crime'

DAMION2

1. In our 'Come on, it's not like a plane disintegrated or something important like that... oh... wait... nevermind.. I still get to keep my unvested stock, right?' headline of the week. Boeing CEO Resigning Amid Disintegrating Planes Scandal

1. In our 'Astronaut prescriptions for anti-anxiety meds up over 458,750% over past 3 months' headline of the week. Boeing Preparing to Launch Astronauts as Parts Fall Off Its Planes Mid-Flight

1. In our 'Shareholders were too stupid to get rid of me, the board is all people me and my buddy Larry hand-picked, so yeah, I'm quitting on my own cuz nobody here’s gonna fire me, nyah nyah ne nyah nyah' headline of the week. Boeing CEO Says Resigning 100% His Decision 

1. In our 'Hey Ma, where's my Philip's Head screwdrivah!? Ask Dad!' headline of the week. The CEO of Ryanair says the airline would regularly find missing seat handles and tools under floorboards on Boeing planes

1. In our 'Business Insider writers are clearly fans of Business Pants' headline of the week. Boeing just pulled a classic corporate America move and promoted a woman to clean up its mess

MATT2 - BOEING, IS THAT YOU? EDITION

1. In our 'No, the door plug didn't make me do it.  Or the plane groundings.  Or the deaths.  Or that wheel that rolled off a plane. Or the customers who said they wouldn't buy our planes as long as I lived.  Or the FAA or FBI or any other Fs.  It was all me.' headline of the week. Boeing CEO says resigning 100% his decision

1. In our 'I hear Ozempic cures the need for flying at all' headline of the week. Fliers trying to avoid Boeing planes, turning to prayer and anti-anxiety meds

1. In our 'Fliers trying to avoid Starliner trips to space are turning to Calhoun voodoo dolls and Airbus shaped weed gummies' headline of the week. Starliner’s first commander: Don’t expect perfection on crew test flight

1. In our 'I learned from Uncle Dave to be LASER FOCUSED... Before, I was just regular focused, but Dave showed me how to use LASERS on my focus' headline of the week. United Airlines loses $600 million in market cap on news that FAA is opening a probe after airline’s 10th safety flub in just 2 weeks

1. Said United CEO Scott Kirby: "While they are all unrelated, I want you to know that these incidents have our attention and have sharpened our focus.”

In our 'Birds fly NEAR airplanes, and I heard Dave Calhoun recently purchased a dairy farm' headline of the week. Bird Flu Spreads to Dairy Cows