Boeing Safety Woes Fuel Opposition to CEO’s Pay, Board Seats (1)

Boeing Co. executives grappling with canceled airplane sales and related safety crises have already run a gauntlet of angry stakeholders in 2024—regulators, customers and lawmakers. This week they face arguably their most powerful constituency yet: shareholders.

Investors at the company’s annual meeting May 17 present a different kind of referendum of the company’s failed improvement plans since crashes involving two of its newest jets killed hundreds of passengers about five years ago. Part of the pressure comes from proxy-voting advisers recommending shareholders vote against board members and CEO pay. Advisory firm Glass Lewis suggested voting “no” against some incumbent board ...