This High-Flying Fortune 500 CEO Hasn't Returned To His Office Desk Even As Corporate America Seeks To End Remote Work
Portfolio Pulse from Ramakrishnan M
Boeing Co's CEO, David Calhoun, has not returned to a traditional office setting, instead working from his two homes. This comes as other corporate leaders are urging employees to return to the office. Boeing's CFO, Brian West, also works from home. Despite Boeing's stock losing over 35% since Calhoun became CEO, the company managed to generate free cash flow last year and has targeted a free cash flow of $3-$5 billion this year.
September 12, 2023 | 7:27 am
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Boeing's CEO and CFO continue to work remotely, which is unusual in the current corporate climate. Despite a significant drop in stock price under the current CEO, the company managed to generate free cash flow last year.
The news about Boeing's CEO and CFO working remotely is unusual but it's unclear how it will impact the stock price in the short term. However, the company's ability to generate free cash flow last year despite a drop in stock price is a positive sign for investors.
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