Boeing CEO Muilenburg ‘has done everything right,’ says chairman

WASHINGTON (Reuters) – Boeing Co (BA.N) Chairman Dave Calhoun said on Tuesday the company’s board believed Chief Executive Dennis Muilenburg “has done everything right,” just days after he came under attack from U.S. 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 in a CNBC interview, 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.

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