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How Boeing's Board Lost Control of Safety Culture
In this episode of Boardroom Conversations, Lucas and Luna examine how the Boeing board of directors failed to oversee safety culture in the years leading up to the 737 MAX crashes. They trace the board's composition between 2015 and 2019 — a period when audit committee members lacked aviation expertise, the safety committee met only twice per year, and financial metrics dominated executive compensation. Lucas highlights a specific data point: from 2013 to 2018, Boeing spent $43 billion on share buybacks while R&D as a percentage of revenue fell from 3.5% to 1.9%. The conversation drills…
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