Boeing Will Not Relocate Back to Seattle
Boeing has beat back a shareholder push to move the company’s headquarters back to Seattle.
"The proposal was put forward to be voted on this spring at Boeing’s annual general meeting by 83-year-old Walter Ryan, a retired Chicago business owner, corporate gadfly and stock market investor who owns 10,000 shares in the company. But a Securities and Exchange Commission ruling last week means shareholders won’t get to vote on his proposal. With SEC approval, Boeing’s board won’t put it on the ballot,” according to an article in The Spokesman Review.
Boeing had been headquartered in Seattle before moving to Chicago and then to Virginia in 2022.
“The SEC ruled … that the board is entitled to omit Ryan’s proposal from the shareholder ballot. Essentially, the SEC agreed with Boeing that forcing it to relocate the headquarters would be improper interference with management’s prerogatives.”