Originally Posted by
SilverCityKid
I have now realised that I may have been wrong about the decline in Boeing dating back to the cancellation of the B757 program. It may have started three years earlier.
Quote
On September 4, 2001, the Boeing Company moves its world headquarters from Seattle to Chicago. The decision to leave Seattle, announced on March 21, 2001, affects about 1,000 jobs.
Could this be relevant to the current problems ?
The 757 was cancelled because it received zero orders in 2002, 7 orders in 2003, zero orders in 2004, and zero orders in 2005. It's not a conspiracy, it costs a fortune to maintain capital equipment and real estate to support a product that is not generating revenue.
Many would point to the merger with McDonnell-Douglas in 1997 as the point where Boeing's culture and direction shifted. The relocation of the headquarters to Chicago directly traceable to that event.
Boeing's troubles could be traced to McDonnell Douglas purchase - LA Biz Observed