Dennis Muilenburg stuck to a script that the company “owns” some responsibility, but stopped short of accepting any design flaws.
By Douglas MacMillan Douglas MacMillan Reporter covering corporate accountability Email Bio Follow April 29 at 1:41 PM At Boeing’s annual meeting for shareholders, one investor challenged CEO Dennis Muilenburg to explain why the company built the 737 Max with a single sensor that was vulnerable to failure.
Boeing’s CEO and board of directors confronted difficult questions from investors and the media on Monday, the first time since two crashes of the 737 Max jet threw the company into chaos. Speaking to a half-empty auditorium in Chicago’s’ Field Museum, Muilenburg tried to reassure investors that the company takes safety concerns seriously and is working with regulators to update the technical features of the plane that contributed to both accidents.
Muilenburg didn’t say how soon the 737 Max could fly again. He said the company is working on a software update for the safety problem and is coordinating with the FAA to prepare for a formal certification flight. Boeing hopes that will pave the way for a worldwide grounding of the Max jets to be lifted by global regulators.
At the meeting, Boeing shareholders rejected a proposal to create a separate independent chairman position. Investors also voted against measures that would force the company to reveal more details about its government lobbying.
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