Thursday, January 10, 2013

Where Is Boeing’s CEO?

Where is Boeing Co.’s  chairman, president and chief executive officer?   W. James (Jim) McNerney Jr. has been the CEO of the airline manufacturer and defense supplier since July 1, 2005.  The production and launch of the troubled 787 Dreamliner came on his watch. He made more than $62 million as the head of Boeing from 2009 through 2011. Yet, he let Mike Sinnett, vice president and 787 chief project engineer, defend Boeing’s flagship plane, which has had enough problems to cause deep concerns among regulators, airlines, passengers and the government.

McNerney will not go public to speak up for an aircraft that is essential to Boeing’s future, and that may damage its reputation, and share price, for a very long time.

Anyone who reads a newspaper or visits news websites knows that the Dreamliner has had problems lately, particularly with three planes. That has kept Boeing and the 787 on the front pages.

Read more: Where Is Boeing’s CEO? - 24/7 Wall St. http://247wallst.com

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