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Calhoun was Boeing chairman and then became CEO in January 2020 after the board fired Dennis Muilenburg. In 2021, the board approved a long-term incentive award target of $16 million. In April 2021, Boeing extended its required retirement age of 65 to 70 to allow Calhoun to stay in the top job. The award to Calhoun comes just weeks after Boeing reported its first yearly positive cash flow since 2018. Boeing hopes to increase cash flow from $2.3 billion in 2022 to between $3 billion and $5 billion in 2023.
Boeing has 138 737 MAX airplanes in inventory for Chinese carriers but has been unable to deliver them amid U.S. China geopolitical tensions. Calhoun said last week China will "need the MAX" to meet demand. So then we try to move down that path and then hopefully, hopefully we get a robust pipeline in China as well." In September, Calhoun said Boeing would begin to remarket some 737 MAX jets earmarked for Chinese customers. Calhoun said last week that effort to remarket planes was on pause "until we understand completely where China wants to go."
In recent years, researchers have looked for supplements, in particular to data like JOLTS, to provide more nuance about job market dynamics. "When JOLTS came along it was stepping into a data void that it has done a good job of filling. An expanded JOLTS survey may get directly at that and other issues in the future, said Paul R. Calhoun Jr., who was involved with developing the survey in the 1990s and is its current manager. "You got all these job openings," Calhoun said. "We had the unemployment rate, so we knew how many people there are who are looking for work and don't have a job.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Boeing CEO Dave Calhoun on earningsBoeing CEO Dave Calhoun joins CNBC's Phil LeBeau and the 'Squawk on the Street' team to discuss the company's third-quarter earnings report, which fell short of Wall Street's expectations on Wednesday. Calhoun explains what drove a $2.6 billion charge in the company's defense unit and also discusses the airplane maker's relationship with China.
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