BREAKING NEWS: Josh Hawley Ruthlessly Grills Boeing CEO, Asks Him Point Blank Why He Hasn't Resigned

thank you Mr chairman uh Mr calone what is it that that you get paid currently Senator that's uh welld disclosed in in our proxy documents uh in each of the years that I've been employed yeah but what is it that's a big number sir well let me help you out it's 32.8 million this year does that sound right yes it does that's a 45% increase over last year does that sound right yes it does what is it you get paid to do exactly I get paid to run the Boeing Company yeah so just help me understand that I mean do you get paid for transparency is that is that part of is that one of the metrics for your income I think the board counts on me for transparency really because you're under investigation for falsifying 787 inspection records the Boeing's under criminal investigation for the Alaska Airlines flight you are investigated by go by doj for criminal conspiracy to defraud the FAA this is in your tenure this doesn't sound like a lot of transparency to me um what about uh safety is that a component of your salary it sure is Senator you know have you seen the reports that the subcontractor that you use to make that door piece that fell out of the sky that when the FAA went and toured the facility they found one door seal being lubricated with Dawn liquid dish doope and cleaned with a wet cheesecloth and another was being checked with a hotel room key card does that sound like safety to you Senator I I think our relationship with that particular supplier has been well documented reviewed by the FAA and most certainly us and I'm very intent on acquiring that company so that none of that ever happen you know the FAA also says that Boeing still has not implemented the recommended steps back from 2019 and 2020 after the max crashes you you you still have not taken the appropriate safety procedures or implemented what they recommended I mean how if safety is a component of your 33 million compensation package I mean how can you possibly qualify for any of this what what about quality is quality part of your compensation package Senator I uh I meet with the FAA pretty regularly uh they don't hold anything back and I'm not aware of anything that has been cited with respect to those accidents that we haven't uh taken action on really because we've had whistleblowers you said you'd listen to whistleblower testimony we've had multiple whistleblowers come before this committee and alleg that Boeing is cutting every possible corner on quality and safety not just in the past but now they've alleged that you've eliminated safety inspections that there are fewer in quality and there are fewer inspectors do doing quality inspections out there they've alleged that when they raised quality issues and concerns they were reassigned they were retaliated against they were physically threatened that doesn't sound like attention to Quality to me and yet you're getting paid 303 million a year it's extraordinary Senator I I we have increased our quality inspectors significantly how much has your stock price increased while you've been at Boeing it hasn't and I don't watch it much have you done any stock BuyBacks while you've been at boing uh not in my job no how your profits have your profits increased at all well you I haven't had any profits sir I'm sorry I have not had any profits yeah you know I I think the truth is Mr Calhoun you're not focused on safety you're not focused on quality you're not focused on transparency all of this is in the record but I think actually you're focused on exactly what you were hired to do which is that you're cutting corners you are eliminating safety procedures you are sticking it to your employees you are cutting back jobs because you're trying to squeeze every piece of profit you can out of this country you're this company you're strip mining it you're strip mining Boeing it was one of the greatest American companies ever it has employed thousands of people in my state and you are strip mining it for profit shareholder value and you're being rewarded for it you got a huge raise a huge increase so it's working out great for you for the American people they're in danger for your workers they're in Peril for your whistleblowers they literally fear for their lives but you're getting compensated like never before don't you think maybe your priorities are are misplaced here I mean don't you think maybe it's time to get back to focusing on making quality planes and paying your workers well and taking care of the little guys who got you to where you are that's not a rhetorical question Senator uh I don't recognize any of the Boeing you described really and I want to assure you don't recognize the Boe that has airplanes falling out of the sky that has had two Maxes crash that has had pieces of doors fall out of the sky that have had whistleblowers come before they've sat right where you have sat and told us these are your employees who have told us that when they these are the engineers by the way are you an engineer I'm not yeah they are and they have said that they're not listened to that they're retaliated against that threatened that's the reality of Boeing today that's your company that you have created now I don't recognize it either from the company it used to be decades ago but under your leadership that's what Boeing is and you're being rewarded for it handsomely handsomely don't you think there's something wrong with that why haven't you resigned yeah Senator I uh I stand by what I said and I want to assure the great employees in in your state that um that is not the way we operate the company will if you would like my chief engineer to talk about what he sees no I want to hear from you cuz what I hear from you is a lot of this team does that and that team does that and I listen to the whistleblowers but I don't meet with them and I've heard about all this stuff that you Congress have have medom asked for because the public wants to see it gosh darn him but you actually haven't supervised any of it I've heard that it's a lot of it's this it's that it's this it's that but meanwhile you're getting paid a heck of a lot of money it's unbelievable if anybody's coming out of this deal good it's you why haven't you resigned Senator I'm I'm sticking this through I'm proud of having taken the job I'm proud of our safy record and I am proud saford of our Boeing people you're proud of this safety record I am proud of every action we have taken every action you've taken sir wow wow there's some news for you well behind you you can't see it behind you the folks are are showing pictures of the people who are the victims of your safety record I think we can all see them and I think the American public when they fear to get on their airplanes they understand your safety record and frankly sir I think it's a travesty that you're still in your job

Channel: Forbes Breaking News

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Length: 7min 9sec (429 seconds)

Published: Tue Jun 18 2024