Rather sad.
Bill Boeing founded the company with the maxim 'Let no advance in aviation pass us by'. His successors kept that course until Phil Condit stood by while Harry Stonecipher destroyed the company.
It should have been a warning to all when Frank Shrontz resigned from all his Boeing positions after quitting the chairmanship in 1997. However, there was so much good in Boeing that it took 20 years to bring the company down.