4.6 • 12 Ratings
🗓️ 3 January 2025
⏱️ 5 minutes
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A plummeting stock price, criminal charges or simply strategic blunders can cause an otherwise exemplary career to tumble. Our annual list of career crashes illustrates how even the mightiest can fall.
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0:00.0 | Here's your Forbes Daily Briefing for Friday, January 3rd. Today on Forbes, biggest career crashes of |
0:08.9 | 2024. A plummeting stock price, criminal charges, or simply strategic blunders can cause an |
0:16.1 | otherwise exemplary career to tumble. Our annual list of career crashes illustrates how even the mightiest can |
0:23.2 | fall. Here are some highlights from our career crash list of 2024. When Boeing CEO Dave Calhoun |
0:31.0 | testified in front of lawmakers in June over safety problems with the airplane maker's fixture |
0:36.1 | 737 max, he started off by apologizing |
0:39.6 | to the families of those killed in Boeing airplane crashes, before detailing the safety |
0:44.1 | failures in its manufacturing process and admitting company whistleblowers were retaliated against. |
0:50.6 | The 68-year-old CEO had by then already announced he'd be stepping down by the end of the year, |
0:55.9 | but by July, a new CEO, Kelly Ortberg, was already in charge. |
1:01.1 | Calhoun, who started his career at Boeing as a director and rose to be non-executive chairman, |
1:06.0 | was brought in as CEO in 2020 to turn things around at Boeing, following two deadly crashes that killed 346 people. |
1:14.2 | But the company has continued to struggle with safety and manufacturing issues. |
1:18.6 | In January 2024, a Boeing 737 Max 9 plane door blew open mid-flight, sparking Senate hearings, |
1:26.6 | grounded flights, and a federal aviation |
1:28.5 | administration audit that found that Boeing failed to comply with quality control requirements. |
1:34.3 | A company whistleblower was found dead in March. By July, the company pled guilty to one charge |
1:39.7 | of defrauding the American government over safety issues in the 737 max, though the deal was rejected |
1:45.1 | by a Texas federal judge. Boeing's woes have continued. Last weekend, one of its 737-800 passenger jets |
1:52.9 | operated by South Korea's Jesuit air crashed as it was attempting to land. Hip-hop mogul Sean Combs, |
2:04.8 | a.k.a. P. Diddy career, crashed following a slew of sexual abuse and sex trafficking claims. Combs was first arrested in September after he was |
2:10.2 | federally charged with sex trafficking, racketeering conspiracy, and transportation to engage in |
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