Boeing’s Chairman and CEO was re-elected after a proposal to oust him as Chairman failed to win enough votes, as 34% of voters supported the proposal, which argued that an independent Chairman would be better suited to helping the board develop long-term strategy while allowing CEO Denis Muilenburg to focus on day-to-day operations.
Boeing’s Board of Directors recommended voting against the proposal. Boeing’s last 13F filing indicated that the company has 69.96% institutional ownership, which means that some institutional investors voted in favor of the proposal, which wasn’t passed with the overwhelmingly margins that most proxy votes are when recommended by the board. As a result, despite survival, a message has been sent by Wall St. to Mr. Muilenburg and Chicago through this vote.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.