A close adviser to Boeing's ousted CEO will also leave the company.
Mike Luttig was Boeing's general counsel from 2006 until this spring.
Shortly after the crash of a second Boeing 737 Max, the companies premiere aircraft, he was assigned to head the company's legal strategy and to advise the board.
Luttig, who will retire next week, is the latest executive to leave the beleaguered company. In addition to CEO Dennis Muilenburg who was pushed out this week, Kevin McAllister, the head of Boeing Commercial Airplanes, was forced out in October. Anne Toulouse, senior vice president of communications, will leave at the end of the year.
Luttig served 15 years on the U.S. Court of Appeals for the Fourth Circuit before joining Boeing.
"We are deeply indebted to Judge Luttig for his extraordinary service to Boeing over these nearly 14 years, especially through this past, challenging year for our company," said interim CEO Greg Smith in a prepared statement.
In October 2018, a brand-new Max operated by Indonesia’s Lion Air crashed into the sea near Jakarta. Five months later, in March, an Ethiopian Airlines Max went down shortly after takeoff from Addis Ababa. All 346 people aboard the two planes were killed.
A faulty sensor caused the system to activate before the two disasters, pushing down the nose of both planes. Boeing had not told pilots about MCAS until after the Lion Air crash, and regulators at the FAA didn’t know much about it either.
Earlier this month, the House Transportation Committee disclosed an internal FAA analysis made after the first crash, which estimated that there would be 15 more fatal crashes over 45 years until Boeing fixed MCAS.
Yet the FAA did not ground the plane until the second crash.
Dan Ives, Managing Director and Senior Equity Analyst at Wedbush Securities dives deeper into a report by the International Data Corporation (IDC) that Apple has ended Samsung's 12-year reign as the world's largest smartphone seller.
Artificial intelligence is the biggest buzzword at the World Economic Forum’s annual meeting in Davos. Advances in generative AI stunned the world last year, and the elite crowd is angling to take advantage of its promise and minimize its risks.
Smartphones could get much smarter this year as the next wave of artificial intelligence seeps into the devices that accompany people almost everywhere they go.
In an annual assessment of global inequalities, Oxfam International said the first trillionaire could emerge within the next decade — as the anti-poverty organization pointed to the growing wealth gap that skyrocketed globally during the pandemic.
The Biden administration proposed a cost drop for overdrawing bank accounts, which it says could particularly relieve Americans living paycheck to paycheck.
Americans stepped up their spending in December more than expected, closing out the holiday season and the year on an upbeat tone. The Commerce Department said retail sales rose 0.6% in December compared with a November’s 0.3% increase.