Boeing CEO Dave Calhoun, Out: We Have Another Mountain to Climb 03/25/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 25 March 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Boeing CEO Dave Calhoun will step down at the end of 2024. After a tumultuous year for the company, Boeing is shifting leadership: board chair Larry Kellner will resign, as well as president and CEO of Boeing Commercial Airplanes, Stan Deal. Calhoun sits down with CNBC’s Phil LeBeau, in his first interview after the announcement. In a wide ranging conversation, the outgoing Boeing CEO explains the company culture and the tug between quality and quantity on the Boeing manufacturing line. The EU has launched a probe into Meta, Apple, and Alphabet. Author Walter Isaacson discusses allegations of anti-competitive behavior and regulations’ potential benefits for consumers. Plus, the FAA is boosting scrutiny on United Airlines, and Congress averted a government shutdown–for now. Walter Isaacson - 10:15 Phil LeBeau - 22:11 Dave Calhoun - 28:04 In this episode: Phil LeBeau, @Lebeaucarnews Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer: @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:08.0	A big change for Boeing.
0:11.0	CEO Dave Calhoun will be resigning from the position of CEO.
0:16.0	The NBC's Phil LaBowe sat down with Dave Calhoun in his first interview after the announcement.
0:21.8	Some things have to change in the company's culture of safety
0:25.0	versus speed.
0:26.0	Everybody has to be able and capable of raising their hand and stopping a line if they have to.
0:32.1	That is the premise for going forward.
0:34.0	And the EU taking aim at Apple, Alphabet, and Meta, a headache for Big Tech,
0:40.0	but that might be the point. The pros and cons of regulation with author Walter
0:44.0	Isakson. Let's remember that if they hadn't done that to Microsoft when it
0:47.9	tried to bundle search and browsing and everything into its operating system, you
0:52.0	would not have Google now.
0:54.7	Plus government shutdown averted for now and the FAA is boosting its oversight of
1:00.3	United what's driving all these airline issues. It's still the safest way to travel.
1:05.2	The stuff comes up in headlines and this is how we were actually.
1:09.1	It's Monday, March 25th. Squawk Pod begins right now.
1:13.8	Stand Becky by in three, two, one, Q, please.
1:19.2	Good morning, everybody.
1:20.3	Welcome to Squawk Box right here on CMBC. We're live from the NASDAQ market site in Times Square.
1:26.0	I'm Becky Quick. He's Joe Kernan.
	...

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