It might have been sometime during the Q&A session with analysts during the Q2 earnings call on August 2 that in hindsight was a defining moment for Spirit AeroSystems CEO Tom Gentile. It seemed that his remarks and explanations seemed irrelevant to analysts, who were grilling him for Spirit’s continued losses and unfavorable contracts with Boeing and Airbus. Two months later, and Spirit announced on October 2 that Gentile had been replaced by Patrick Shanahan as interim CEO.
While stock quotes are not the determining factor of how a CEO performs, it seems no coincidence that those of Spirit AeroSystems have taken a serious hit since the Q2 earnings call. From $31.44 on August 1 to $22.86 on August 2, when 21 million shares were traded. The stock was down to $14.84 on September 21. The announcement of Gentile’s departure had only a very modest effect, with Spirit closing at $16.84 on October 2.
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.