Boeing CEO to step down year-end: CNBC's 'Halftime Report' investment committee react

The Investment Committee react to the news that Boeing CEO Dave Calhoun will resign by the end of the year.

[danmacarthur]

He'll probably leave with millions in severence and no penalties for leaving a key strategic company in ruins for other people to fix.... the American leadership way.

[brianalbano]

None of these guys beat the market... they just make money "managing" peoples money

[Luv__Watch]

“Oh! And by the way. The union wants a new deal”. The union contract ENDS in September! So that means they HAVE to sign a new contract! The workers haven’t had a raise in a decade. Boeing can’t fill their job openings each week because people can make more money locally elsewhere.

Wow! Good thing I watched this guy (the expert) before deciding if I should invest in Boeing or

[JM-ifmo]

Hope the DOJ contunues to pursure criminal charges.

[geraldbrowne]

The why didn’t Jim say this before this day?

[gustavderkits]

As a former stockholder of Boeing, I hope that they claw back all of the bonuses paid to the management for the last twenty years. They “invested” in stock buybacks while reducing quality for short terms gains that benefited upper management to the long term detriment of the company and the flying public. If crimes have been committed, as the FBI letter suggested, they started at the top.

[geraldbrowne]

Where was cnbc when this is as obvious last year or before that?

[freedomrulesjavier]

So if the CEO and board knew of Aerodynamic and manufacturing issues...should they be charged with crimes for the accidents?

[northstar]

Calhoun happily take 2024 Christmas bonuses and say goodbye suckers.

[supadave]

Weiss selling is a good buy signal, Bro only sells bottoms and buys tops.

[Avarnus]

Current Airbus CEO is aerospace engineer. All 3 Boeing CEO, including the one coming, are either business or accounting background. Tesla CEO, or Nvidia CEO, they are all engineers from respective subjects. Engineers has vision and knowledge of product. MBAs will just keep cutting conor and find cheaper supplies. Boeing is done at this point.

[rho]

I love Boeing. During the bear market in 2022, when S&P was down 3600, it was one of the winners. Bought it at $95 during Covid and bought more when it was 125 in 2022. Sold most of it above 220 and bought Meta. Hopefully, it revisits 125 or even 95. Will buy more.

[AnimatedHistory-InCharts]

Wasn't Farmer Jim a big bull on Boeing due to big free cash flow expectation?

[OnlyInLasVegas]

People are getting sick of all these CEO’s that make nearly a million dollars a week and operate poor business, or businesses that put people at risk, or underpay their employees (most companies now) don’t worry about this dufus stepping down.

[mrrandom]

Wokeness is destroying everything. I hope the next one is the CEO of Disney.