Machinists Demand Apology from Boeing (BA) CEO After Comment During Earnings Call
Get Alerts BA Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.4%
Revenue Growth %: +7.2%
Join SI Premium – FREE
The President of the International Association of Machinists and Aerospace Workers (IAM) is calling on Boeing CEO Jim McNerney to apologize to Boeing’s (NYSE: BA) workforce for offensive remarks made during a quarterly earning call with reporters on July 23, 2014.
“The heart will still be beating, the employees will still be cowering, I’ll be working hard,” said McNerney in response to a reporter’s question about whether he had plans to retire after he turns 65 next month. Boeing’s policy is for executives to retire at age 65.
“Boeing’s CEO would have been far better served to give credit to the workforce that has driven the company’s sales and profits to record levels,” said IAM President Tom Buffenbarger. “Instead, his unfunny and unnecessary remarks serve as reminder that the Jack Welch style of anti-personnel management is still alive and well at Boeing. If he is able to get his foot out of his mouth, the very next thing we hear from Mr. McNerney should be a sincere apology to all employees at Boeing.”
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA raises AMD target to $720, sees server CPU TAM tripling to $211B by 2030
- B. Riley’s Top Biotech Picks Ahead of 3Q26 Earnings Season
- BofA says investors are increasingly worried about an AI boom-bust cycle
Create E-mail Alert Related Categories
General News, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share