Boeing CEO Muilenburg 'has done everything right,' says chairman

Boeing chairman Dave Calhoun said Tuesday the company’s board believed CE Dennis Muilenburg “has done everything right,” just days after he came under attack from US lawmakers and repeatedly refused to step down at a hearing on two fatal crashes involving Boeing 737 MAX airliners. “He has our confidence,” Calhoun said, adding that Muilenburg called him on Saturday, offering to give up much of his compensation for 2019 and could lose equity grants until early 2021. The board had stripped Muilenburg of his chairman title last month. “From the vantage point of our board, Dennis has done everything right,” Calhoun said. Boeing did not plan to cut the production rate of the 737 MAX or to rebrand it, he said.<br/>