Word: conditioned
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Lush and livable, Seattle is the kind of place that always makes those Best Cities for Business lists. So perhaps Boeing has had too much of a good thing. How else could city and state officials explain last week's announcement by CEO Phil Condit at a press conference in Washington that Boeing is blowing town. The Jet City's jet company is enplaning for parts known: either Dallas, Denver or Chicago...
...headquarters shift is Condit's dramatic coda to a corporate overhaul designed to take Boeing into businesses that are growing faster on average than aircraft manufacturing, which is subject to severe cycles. In the past five years, Boeing (2000 sales: $51.3 billion) has purchased McDonnell Douglas (F-15s) and the satellite division of Hughes Electronics and Rockwell International's space and defense units. These far-flung companies--Rockwell and Hughes are in California, MDD in St. Louis, Mo.--will compete for capital and talent with the eponymous aircraft division. "This is about nimbleness and flexibility. It's about being organized...
...mixed record in its efforts to diversify. At the same time, it risks taking its eye off the jet business, which still accounts for about 60% of sales. But running a lean holding company removed from its operating divisions is the fashionable corporate architecture these days. And Condit believes a neutral perch is the best place to decide how to feed each of his hungry corporate chicks...
...Slowe of Dudley House; Carlye A. Murphy and Elizabeth C. Oelsner of Dunster House; Brian T. Chan, Geoffrey A. Fowler, Winifred M. Li, Margot L. Minardi, Thomas G. Saunders and Lauren A. Wetzler of Eliot House; Carl W. Davis and Laura T. Lee of Kirkland House; Jeremy P. Condit and James A. Hunter of Leverett House; Henry C. Fu, Albert C. Ju, Emma F. Phillips, Laura E. Rosenbaum, Randy Z. Wu and Yu Yasufuku of Lowell House; Chenghuan Chu, Ari M. Lipman, Nicholas R. Parrillo, Dmitry Sagalovskiy and Derek D. Smith of Mather House; Alice H. Pritikin and Hannah...
...Asia, carriers took off on a buying binge. Boeing suddenly faced the task of transforming the way it builds planes while furiously ramping up production of new jets. "I've described it as trying to change the tire on my car while going 60 miles an hour," says Condit...