An Igbo proverb is clear – “no man, no matter how wealthy, can prepare enough food for his kinsmen, but if those kinsmen make food for him, he will be unable to consume the whole food”. That proverb is not saying that Dangote cannot feed his village kinsmen in Kano for an evening. Rather, the proverb is drawing on the strength that comes from unity and the “wisdom of many”.
In the Igbo Nation, parents name their children “Igwebuike” [strength in many] because despite the success of any person, the real strength comes in teamwork. The elders conclude by saying that no matter how big an iroko tree is, it can never be called a forest because a forest requires having many “trees”.
That brings me to the news that the CEO of Boeing will be stepping down: “Boeing, a cornerstone of the aerospace industry, finds itself in the midst of a significant management overhaul as CEO Dave Calhoun announces his intention to step down…”
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America and the flying public cooked for Dave when the airline executives (not Boeing investors) visited him. Those airline executives from United, Delta, Alaska Airlines, etc cannot be managed by dividends, stock buyback, and their calls were not “money” but service. With Boeing struggling on delivering service, Dave has more than enough food to eat, and he decided to give up.
LinkedIn Summary
Major changes are in store for Boeing. CEO Dave Calhoun will step down at the end of the year, while board chair Larry Kellner will step aside at Boeing’s annual meeting in May, the company said Monday. Stan Deal, who heads up the aerospace giant’s Commercial Airplanes division, is out effective immediately. Boeing has faced intense scrutiny in recent months over its safety and manufacturing practices; last week, the company agreed to deploy members of the board — including Kellner — to meet with concerned airline CEOs, The Wall Street Journal reported, citing anonymous sources.
- In a memo to employees obtained by Business Insider, Calhoun urged “a total commitment to safety and quality at every level of our company” as “the eyes of the world are on us.”
- The Federal Aviation Administration may limit United Airlines’ new routes after a series of safety incidents, Bloomberg reported, citing anonymous sources.
Boeing CEO Dave Calhoun to Step Down Amid Management Shake-Up
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