I went to one of his seminars back in the 80s.
They listened to him, the big 3 didn't (at least until many years later).
Posted on 11/08/2013 10:19:14 AM PST by jazusamo
I went to one of his seminars back in the 80s.
They listened to him, the big 3 didn't (at least until many years later).
Seattle area is diversified..but for a company like Boeing...each one of their jobs supports about 10..
Psst ... actually that would be North Charleston.
Speaking from my experience in other fields, and I believe the same holds true here as well, the customers aren't concerned where the product is built. They really only care that the product will meet their needs as a price they find acceptable.
WA Ping
When McDonnell-Douglas was acquired by Boeing, Harry relocated to WA as a senior vice president. He was soon named CEO.
Harry's daughter lived in Chicago and they were very tight. He did not like taking four hour rides on the corporate jet to visit her. He arranged with the Board of Directors to move the Boeing Corporate Headquarters to Chicago.
Harry hit his mandatory retirement at 62 and named a hand picked successor. The new CEO did not work out and Harry was brought back from retirement temporarily by the BoD until its Executive Search Committee could find a replacement.
And then the crap hit the fan...66 year old Harry was caught playing the horizontal mambo with a 45 year old, married, female VP. The BoD asked and received Harry's resignation. Mrs. Stonecipher filed for divorce and got 50% of Harry's pension and perks. The female VP was fired and her husband divorced her.
That is why the Boeing Corporate Headquarters are in Chicago.
wow, that is some story. thanks for the background.
By the way, several other corporate big shots replicated the Harry Stonecipher horizontal mambo story that ended with results for their wives similar to Mrs. Stonecipher’s divorce settlement. Those two corporate philanderers were George O. Davis, CEO of United Technologies Corporation and Jack Welch, CEO of General Electric Corporation.
Let me correct that:
When McDonnell-Douglas bought Boeing with Boeing's money...
How many secretaries did Phil Condit boink and/or marry?
I stand corrected. I heard it the other way. LOL
While considering the arrogance and stupidity of the IAM (International Association and Aerospace Workers) District 751 Union, I am reminded of Eastern Airlines.
Eastern was in bad financial shape and CEO Frank Lorenzo had secured concessions with nearly all the other unions at Eastern to keep it afloat — except the IAM that refused. Eventually, Eastern made its “last, best, and final offer” that was rejected by the IAM. The IAM was warned that Eastern would go out of business if the new contract and concessions were rejected. Eastern Airlines stopped flying on 19 January 1991. In effect, the IAM killed Eastern Airlines.
Asking them to drive more than their single daily rivet is patently offensive and a major give back
They NEVER tell you that in these news reports because they know non-union readers would be screaming with anger and mockery.
Wendt was CEO of GE Capital, which financed everything GE built, and earned 40% of GE's profits.
Wendt was worth almost $500 million, mainly because he got paid in GE stock options.
His wife held out for $250 million, her story was front page news everywhere, she got most of it, and Gary Wendt got fired.
Going to California is going from the frying pan to the fire. It makes much more sense to move out of the blue state orbit.
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