Boeing fires a VP
Self Loathing Froggy
Thread Starter
Join Date: Jun 2002
Location: elsewhere
Age: 18
Posts: 546
Likes: 0
Received 0 Likes
on
0 Posts
Boeing fires a VP
Just seen that on a French stock exchange site (boursorama) news from AFP (nothing yet on the Beeb or CNN)
here is the PR on the Boeing website
http://www.boeing.com/news/releases/...r_031124a.html
here is the PR on the Boeing website
http://www.boeing.com/news/releases/...r_031124a.html
Join Date: Apr 2000
Location: London, UK
Posts: 8
Likes: 0
Received 0 Likes
on
0 Posts
Boeing dismisses CFO Sears, and Darleen Druyun
I think Boeing need to brush up their corporate governance. This seems to be becoming a nasty habit following on from their satellite fines.
Boeing dismisses CFO Sears, and Darleen Druyun
(24Nov03, 14:18 GMT, 213 words)
Boeing has dismissed CFO Mike Sears for unethical conduct in relation to the circumstances surrounding the hiring of former US Government official Darleen Druyun as deputy general manager of its Missile Defense Systems unit.
Sears, who had been tipped as a potential successor to Boeing CEO Phil Condit, will leave the company with immediate effect. Druyun has also been dismissed.
She has been at the centre of allegations that Boeing was passed Airbus pricing information related to its bid to sell A330 tankers to the USA in competition with the Boeing 767 – something that the company denies. Today’s announcement does not link the dismissals to that matter.
Boeing says in a statement: “Sears was dismissed for violating company policies by communicating directly and indirectly with Druyun about future employment when she had not disqualified herself from acting in her official government capacity on matters involving Boeing. In addition, an internally initiated review found both attempted to conceal their misconduct.”
Condit says “compelling” evidence of the misconduct has emerged over the last two weeks. "Upon review of the facts, our board of directors determined that immediate dismissal of both individuals for cause was the appropriate course of action,” he says.
The company has named James Bell, SVP finance and corporate controller, as acting CFO.
Boeing dismisses CFO Sears, and Darleen Druyun
(24Nov03, 14:18 GMT, 213 words)
Boeing has dismissed CFO Mike Sears for unethical conduct in relation to the circumstances surrounding the hiring of former US Government official Darleen Druyun as deputy general manager of its Missile Defense Systems unit.
Sears, who had been tipped as a potential successor to Boeing CEO Phil Condit, will leave the company with immediate effect. Druyun has also been dismissed.
She has been at the centre of allegations that Boeing was passed Airbus pricing information related to its bid to sell A330 tankers to the USA in competition with the Boeing 767 – something that the company denies. Today’s announcement does not link the dismissals to that matter.
Boeing says in a statement: “Sears was dismissed for violating company policies by communicating directly and indirectly with Druyun about future employment when she had not disqualified herself from acting in her official government capacity on matters involving Boeing. In addition, an internally initiated review found both attempted to conceal their misconduct.”
Condit says “compelling” evidence of the misconduct has emerged over the last two weeks. "Upon review of the facts, our board of directors determined that immediate dismissal of both individuals for cause was the appropriate course of action,” he says.
The company has named James Bell, SVP finance and corporate controller, as acting CFO.
Pegase Driver
And now of course, in the true Holywood fashion, the bad guys will in the end loose the B67 contract and Airbus will be re-installed as a correct bidder and will provide A330s to the USAF....
Join Date: Oct 2003
Location: Never diverting!
Posts: 377
Likes: 0
Received 0 Likes
on
0 Posts
And just as Boeing needed all the help they can get on the tanker deal... It is like comparing an apple with an Airbus! 
Lets hope the RAF goes for the best solution and lets send the 767 back to the USAF. The first USAF batch comes from Boeing regardless of how much Phil and Harry mess things up as it is an offset order for losing out on the JSF..
The real show will start when the USAF have to select the the second batch and then there is only one winner
Lets hope the RAF goes for the best solution and lets send the 767 back to the USAF. The first USAF batch comes from Boeing regardless of how much Phil and Harry mess things up as it is an offset order for losing out on the JSF..
The real show will start when the USAF have to select the the second batch and then there is only one winner
Self Loathing Froggy
Thread Starter
Join Date: Jun 2002
Location: elsewhere
Age: 18
Posts: 546
Likes: 0
Received 0 Likes
on
0 Posts
As all R&N readers do not go to the mil forum, here is a link to the latest news
Must say that American Justice seems to be quick and efficient.
Must say that American Justice seems to be quick and efficient.
