Manufacturing Industry
Boeing Restructures To Boost Shareholder Value.(Brief Article)
Industry Week, April, 2001
Three senior executives at Seattle-based Boeing Co. are now CEOs as well as presidents of their divisions, a change the company claims will boost shareholder value by improving operational performance and increasing Boeing's ability to seize new growth opportunities. In moves remarkably similar to those made by Chairman and CEO Jack Welch at General Electric Co.
several years ago, Boeing's Alan Mulally is president and CEO of commercial airplanes; Jerry Daniels is president and CEO of military aircraft and missile systems; and Jim Albaugh is president and CEO of space and communications. Mulally has already made a dramatic move with significant future revenue and profit implications. Boeing is backing off building a superjumbo passenger jet and will instead, he...
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