Phil Condit resigns.... (?)
 

apparently Phil condit has resigned from Boeing - this is rumour only!!! Anyone able to confirm???

Condit resigns; Board names Platt, Stonecipher new leaders
Boeing's board of directors has accepted the resignation of Phil Condit as chairman and chief executive officer. After thorough deliberations the board decided a new company leadership structure is needed; it named Lewis E. Platt as non-executive chairman and Harry C. Stonecipher as president and CEO, effective immediately. Platt and Stonecipher are experienced leaders who are knowledgeable about the company's operations and strategy. Platt, a member of Boeing's board of directors for four years, is a retired chairman of the board, president and CEO of Hewlett-Packard Company. Stonecipher retired from Boeing in 2002 after having worked closely with Condit for five years in roles including vice chairman, president and chief operating officer. A message from Platt and Stonecipher, a My View from Condit, and a news release are available by clicking on the "i" links (from left respectively) below. The video icon links to a video clip of the three men discussing the leadership change.

The only thing bad about the news is who took over. Other than that HAPPY DAYS!!!!!!!!!!!!!!!!!!!!11 :} :} :} :} :E :E :ok: :ok:

Phil Condit Resigns
 

Can't seem to find the links .............. :confused:

It's now reported on the Beeb, so it must be true.

And Mr Condit was doing such a marvellous job too: 747X blundering, Sonic-Cruiser sulking, loss of JSF contract, 'naughty spying' on Lockheed Martin, 'financial irregularities', fewer orders than Airybus, loss-making space division.

How will Boeing ever do without him, one wonders?

Ric

PR on Boeing's web site

http://www.boeing.com/news/releases/...r_031201a.html

take a look down to the end of the page, in the "Forward-Looking Information Is Subject to Risk and Uncertainty" box, lots of tanker references ...

Now get ready.......here comes the cancel order for the 7E7 and along with that any credibility that Boeing had left with the aviation community. Even somebody as dumb as Phil knows what that means and decided to jump. :mad: My 2 cents anyway :hmm:

Hard to know what to make of the 'Future uncertainty' panel, but I read it as a lawyer covering a nervous arses... more ill in the wind, one wonders? More dirt under the carpet?

Why the exit?

Well, one argument goes that CEOs get fired by the board just before some damaging news slips out. The other argument is that smart boards wait until all the bad news has been published (and gleefully pawed over) before firing the CEO.

Boeing doesn't seem to have a smart board.

Expect more bad news.

Ric

This was the guy who decided that Seattle was the wrong place to do business in. Funny, it worked for them for many years until he decided that. HQ is now somewhere in suburban Chicago.

Possibly the execs not driving down Interstate 5 each morning, and not seeing the Boeing Field flightline as they drove along there, made them lose touch with the business.

His replacement, Stonecipher, was CEO of McDonnell Douglas in its last years before merging with Boeing. MD-11 phasing out, MD-90, MD-95 (later Boeing 717). That's not much of a track record - many of these less than 10 years old aircraft are in the weeds in Arizona.

The inside skinny says that he was told to retire or get the sack. :\

One contribution may be that they reckon it's best to change horses now, rather than wait to be told - if the refuelling issue does go badly for them.

I was told it was Phil's push for the 7E7 that alienated him from the board and allowed Harry to push him out. :yuk: Harry, besides the governor, is by far the most unethical person that aviation has ever seen. :*

WHBM:

If by "somewhere in suburban Chicago" you mean "smack in the middle, on the riverfront, within stones' throw of Sear's Tower", you are quite correct. ;)

Perhaps Phil can team up with Jim Goodwin (former CEO, UAL) and do some consulting....

Heard the first use of the term "Tankergate" last night on NPR.

So what ?
 

Condit resigns ... so what ???? You can resign from your position anytime you want.:confused:

Yep, $18 billion tanker deal frozen for now...

http://news.bbc.co.uk/1/hi/business/3258116.stm

Oh it gets soooo tiring being right all the time. :-)

Ric

It really makes no difference. The US govt will not buy 18 billion worth of Airbus tankers, it just won't happen. :=

Nope, but there's now a bloody good chance the UK Government will.

Ric

Since them 767s from BA that they want to use are RR powered I'd say that is a pretty good chance. :E

Stupid question (one among many others).
 

If the UK buys Airbus tankers which model will they buy? Hopefully it is not the A-310.

:E :E

I also noticed this is the "Forward Looking Information" fine print: