BA May 2024 110.000 put
| Previous close | 0.1400 |
| Open | 0.1400 |
| Bid | 0.0000 |
| Ask | 0.2600 |
| Strike | 110.00 |
| Expiry date | 2024-05-31 |
| Day's range | 0.1400 - 0.1400 |
| Contract range | N/A |
| Volume | |
| Open interest | 2 |
- Yahoo Finance Video
4 things Boeing shareholders want to see at annual meeting
All eyes are on Boeing's (BA) annual shareholder meeting as a vote will be held to determine whether the company's embattled CEO, Dave Calhoun, will be reelected to the board. Boeing shareholder and Gabelli Funds Portfolio Manager Tony Bancroft joins Catalysts to break down what shareholders want to see from today's big meeting. Bancroft lays out three key areas investors want to see prioritized after leadership decisions: a finalized Spirit deal, FAA authorization for increased 737 MAX production, and a better handle on the 787 supply chain. Calhoun will step down as CEO at the end of the year, and despite mounting criticism, Bancroft says he believes he's done "a great job." "He took over in the midst of two mishaps, and then obviously, on top of that, COVID hit — the worst downturn in commercial air travel in history. And he essentially brought Boeing back from about zero production of the 737 MAX to 38 a month. That's a large increase," he explains. He says that a new CEO doesn't necessarily have to be an insider but should possess a technical background: "Boeing at some point is going to have to design a new plane...I think someone who has that understanding and background to work with engineers could be heavily weighted for the decision." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
ReutersFactbox-Boeing faces multiple probes after mid-air MAX door plug blowout
The planemaker is producing its cash-cow MAX jets at a low rate as it works to address the issues, which have also sparked a reshuffle in its top management and led to a drop in its stock price this year. The SEC is investigating statements from Boeing about its safety practices and will examine whether the planemaker or its executives misled investors in violation of the Wall Street regulator's rules, Bloomberg News reported on May 9. The aviation regulator on Jan. 11 said it was launching a formal investigation into Boeing 737 MAX 9 planes following the cabin panel blowout, adding the incident "should have never happened and it cannot happen again."
Associated Press FinanceBoeing shareholders approve CEO's compensation as company faces investigations, possible prosecution
Boeing shareholders on Friday approved CEO David Calhoun's $32.8 million compensation and heard leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes after a door plug blew off a Boeing 737 Max jetliner in January. Calhoun said the company is finishing a 90-day plan for fixing its manufacturing problems — a report the Federal Aviation Administration demanded after the door-plug blowout. The CEO added that the company is still working to complete an acquisition of key supplier Spirit AeroSystems, but he gave no deadline for completion.
