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Boeing Shakeup at Top Aimed at Winning Back Trust in Industry.
Knight Ridder/Tribune Business News, December, 2003
By David Bowermaster, The Seattle Times Knight Ridder/Tribune Business News
Dec. 2--Hoping to shield Boeing from a fast-moving ethical storm that is battering the company's $25 billion defense business, Phil Condit resigned yesterday after seven years as chairman and chief executive officer.
Harry Stonecipher, a Boeing board member and leader of McDonnell Douglas until its 1997 merger with Boeing, took over as president and CEO effective immediately.
Many Puget Sound Boeing workers cringed at the return of Stonecipher, who many blame for the move of the corporate headquarters to Chicago and the strike by engineers and technical workers in 2001.
But Stonecipher's ascendance and Condit's bold gesture drew praise from investors,...
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