[12B]

13:03 07Mar2005 RTRS-BOEING CO SAYS HAS ASKED FOR AND RECEIVED THE RESIGNATION OF PRESIDENT AND CEO HARRY STONECIPHER 13:03 07Mar2005 RTRS-BOEING CO SAYS APPOINTED CFO JAMES BELL AS PRESIDENT AND CEO ON AN INTERIM BASIS 13:03 07Mar2005 RTRS-BOEING CO SAYS CHAIRMAN LEW PLATT ASSUMING EXPANDED ROLE IN CAPACITY AS NON-EXECUTIVE CHAIRMAN 13:09 07Mar2005 RTRS-BOEING SAYS STONECIPHER WILL ALSO LEAVE THE COMPANY'S BOARD 13:09 07Mar2005 RTRS-BOEING SAYS ALL CHANGES ARE EFFECTIVE IMMEDIATELY 13:09 07Mar2005 RTRS-BOEING SAYS BOARD ACTIONS TAKEN AFTER INVESTIGATION BY LEGAL COUNSEL 13:10 07Mar2005 RTRS-BOEING SAYS ACCELERATING SEARCH FOR A PERMANENT CEO 13:10 07Mar2005 RTRS-BOEING SAYS CANDIDATES BOTH INSIDE AND OUTSIDE THE COMPANY ARE BEING CONSIDERED 13:10 07Mar2005 RTRS-BOEING SAYS INVESTIGATION INTO PERSONAL RELATIONSHIP BETWEEN STONECIPHER AND FEMALE EXECUTIVE OF COMPANY 13:10 07Mar2005 RTRS-BOEING SAYS BELL IS NOT A CANDIDATE 13:10 07Mar2005 RTRS-BOEING SAYS BOARD DETERMINED THAT STONECIPHER'S ACTIONS WERE INCONSISTENT WITH ITS CODE OF CONDUCT 13:11 07Mar2005 RTRS-BOEING SAYS FEMALE EXECUTIVE DID NOT REPORT DIRECTLY TO STONECIPHER 13:11 07Mar2005 RTRS-BOEING SAYS RELATIONSHIP HAD NO EFFECT ON CONDUCT OF COMPANY'S BUSINESS 13:11 07Mar2005 RTRS-Boeing says asked for, received CEO's resignation 13:12 07Mar2005 RTRS-BOEING SAYS NEITHER CAREER NOR COMPENSATION OF FEMALE EXECUTIVE WAS INFLUENCED BY RELATIONSHIP NEW YORK, March 7 (Reuters) - Boeing Co. said on Monday that it asked for and received the resignation of President and Chief Executive Harry Stonecipher, adding that Chief Financial Officer James Bell would replace him on an interim basis. The company, which provided no explanation for the surprise move, also said Chairman Lew Platt would assume an expanded role at the top U.S. aircraft maker. ((Reporting by Christian Plumb; editing by John Wallace; Reuters Messaging: christian.plumb.reuters.com@reuters.net +1 646 223-6134)) ((Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: http://topnews.reuters.com)) For Related News, Double Click on one of these codes: [U] [E] [ESL] [G] [PSC] [RNP] [DNP] [PGE] [PCO] [PCU] [AER] [US] [LEN] [RTRS] [MNGISS] [NEWS] [BA.N] For Relevant Price Information, Double Click on one of these codes: Monday, 07 March 2005 13:03:15RTRS [nWEN6528] {EN}ENDS

[12B]

Oops, sorry about bad format

[anniegetyourgun]

BIG news.

[RedBloodedAmerican]

Holy smokes!

well, I don't know why their code says no relationships within the company, esp. if she doesn't report to him. Thats a screwy code.

My guess would be they were looking for a reason to excuse him.

[Incorrigible]

It's just about sex! Let the man get back to the job of making planes for the people's business.

[vox_freedom]

We can't have it both ways folks. If BJ Clinton should have been impeached because of lying about an inappropriate office sexcapade then so should a CEO who ought to know better than to fish off the company dock. Office romances may be ok for lower than mid-level management, but are never in the best interests of a corporation -- and should be forbidden at the senior management level.
Phil Condit's relationship in Seattle also caused some scandal, though never reported by the cautious crowd at the Seattle Times & PI. In fact, that widely known "secret" may have precipitated the strong no-tolerance policy that exists today at the lazy B.