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Breaking News: March 10, 2005

Boeing CEO Knocked Out of the Skies
by E-Mails
 

Last year, Boeing suffered a setback when its CFO, Michael Sears, was charged with criminal conflict of interest violations for making a job offer to an air force procurement officer (Darlene Druyan) who controlled work that Boeing and its competitors were bidding. The CFO’s e-mail to other Boeing managers referring to his “non-meeting” with Druyan, in which they discussed job terms, ultimately led him to a guilty plea and months in prison.

This ethics scandal claimed another high-level Boeing executive: the CEO, Phil Condit, who retired so that Boeing could install a former executive who would burnish Boeing’s image.  So Harry Stonecipher left retirement behind and returned to make ethics “job one” at Boeing.

In an ultimate twist of irony, one e-mail brought Stonecipher out of retirement and another sent him packing into a premature second retirement. Unlike Condit, the culprit wasn’t an underling, but Stonecipher’s own e-mail.

On March 6, 2005, the Boeing Board of Directors fired Stonecipher for poor judgment in having an extramarital affair with a Boeing executive. The inappropriate relationship was secondary, it turns out, to the Board’s concern about the CEO’s judgment in using internal Boeing e-mail to exchange explicit, sexually graphic, messages with his lover.

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