Boeing shareholders vote to keep departing CEO on planemaker's board

Core Insights - Boeing's CEO Dave Calhoun was re-elected to the board despite ongoing quality-control issues and investigations [1][2] - The company is preparing to meet with the FAA to address systemic quality-control problems following a mid-air emergency [2] - Boeing's stock has decreased by 30% this year, reflecting investor concerns over leadership and performance [3][5] Group 1: Leadership and Management Changes - Calhoun plans to retire by year-end, prompting the search for a new CEO, with an external advisor assisting in the process [2] - The company is seeking feedback from various stakeholders to identify a suitable successor [3] - Management experts suggest that a new CEO with a technical background in aerospace is essential for Boeing's recovery [5] Group 2: Shareholder Sentiment and Compensation - Shareholders supported a non-binding advisory vote on CEO compensation, indicating concerns over alignment with company performance [3] - Portfolio manager Tony Bancroft believes Calhoun's pay is appropriate for a company of Boeing's size [5] - Potential successors for the CEO position include Pat Shanahan, David Gitlin, and Greg Smith, as identified by analysts [5]