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David Calhoun. Photo: Mark Wilson/Getty Images

Boeing's new CEO David Calhoun criticized his predecessor Dennis Muilenburg for failing to get the company back on track following two deadly 737 Max crashes, during an interview with The New York Times.

"I'll never be able to judge what motivated Dennis, whether it was a stock price that was going to continue to go up and up, or whether it was just beating the other guy to the next rate increase. If anybody ran over the rainbow for the pot of gold on stock, it would have been him."
— Boeing CEO David Calhoun

What Calhoun is saying:

  • Calhoun's third day as CEO included a meeting with President Trump. The Boeing chief told the Times that Trump said he liked Muilenburg but believed it was time for a change of leadership, and that Trump hopes Boeing is investing everything it has to get the grounded 737 Max in the air.
  • Calhoun said Muilenburg's optimism on getting the 737 Max flying again made the Federal Aviation Administration feel "like they were being pushed into a timeline...(the) regulator was never there alongside of us, but apparently our team didn't quite come to grips with that."
  • Calhoun said the 737 Max could be approved sometime this summer.

What's next for Boeing: Calhoun acknowledges that getting Boeing back to the top of its game will take years. He said he is focused on protecting engineers from business pressure, and he's not done restructuring the company's leadership, he told the Times.

Go deeper:

Go deeper

Senate Democrats unveil new income tax for billionaires

Sen. Ron Wyden. Photo: Drew Angerer/Getty Images

Senate Democrats on Wednesday released a billionaires' tax proposal, designed to help support President Biden's social spending and climate change legislation.

Why it matters: Sen. Ron Wyden (D-Ore.), chairman of the Senate Finance Committee, said the Billionaires Income Tax would raise "hundreds of billions of dollars" and would affect approximately 700 taxpayers who have more than $1 billion in assets or incomes of over $100 million a year.

The startup that wants to disrupt big internet providers

Illustration: Maura Losch/Axios

A new startup backed by funding from AOL founder Steve Case and Laurene Powell Jobs wants to break up broadband monopolies across the country.

Why it matters: Internet access has been crucial during the pandemic, but it's not ubiquitous, and it can be both slow and unaffordable in swaths of the country.

3 hours ago - World

Top general: China's hypersonic missile test "very close" to a "Sputnik moment"

Gen. Mark Milley. Photo: Rod Lamkey-Pool/Getty Images

Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, warned Wednesday that China's test of a hypersonic missile is "very concerning" and "very close" to the kind of "Sputnik moment" that triggered the Space Race during the Cold War.

Why it matters: The comments by America's top uniformed general underscore the depths of U.S. concerns about China's rapid military expansion and development of advanced weaponry.