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by allen3 2367 days ago
This seemed like a likely outcome when he was stripped of his chairman role, the board needed a sacrificial lamb and he was it. Given the nytimes article yesterday the board deciding to cut ties during the week of Christmas is very telling. Muilenburg was not the CEO during the 737 MAX initial approval and served as the president for the defense side of Boeing, he was dealt a bad hand. However, the ensuring crisis showed he was not a crisis manager and had difficulties navigating the PR crisis that followed. But, the take home from all of this is that the brand took a big hit to its reputation.