Once upon a time (1990s), Sundstrand Aerospace hired former GE CEO Harry Stonecipher. After several years at the helm, Stonecipher moved on to run McDonnell-Douglas in St. Louis. Harry arranged the sale of MD to Boeing, where he hired-on as a very senior VP. Harry was promoted to CEO. When he reached mandatory retirement age, he left after naming a hand-picked successor. However, the successor didn't work out that well and the Boeing Board of Directors persuaded Harry to come back on a temporary basis.
When Harry was CEO (first time), he did not like the long flight from Boeing HQ in Renton, WA to Chicago, IL to visit his daughter. Ergo, Harry persuaded the Boeing BoD to move company HQ to Chicago, IL so he could be closer to his daughter.
When Harry was CEO (second time), he made a major mistake of carrying on a steamy affair with a 45-year old female VP (he was 66 at the time). Mrs. Stonecipher got world of Harry's philandering and filed for divorce. The Boeing BoD asked Harry to step down and the female VP was fired. Both Harry and his mistress were divorced by their spouses. In Harry's case, the ex-Mrs. Stonecipher got 50 percent of Harry's property, pension and all his perks as an ex-CEO. Couldn't happen to a nicer guy.
Thanks for the insights. I didn’t know all the palace intrigue about the decision to move HQ to Chi. It always struck me as odd moving HQ away from the major operating location in Seattle.