Boeing circles the wagons on Stonecipher

  • By Bryan Corliss / Herald aerospace writer
  • Tuesday, March 8, 2005 9:00pm
  • Business

You’ve go to hand it to Lars Andersen. The vice president in charge of the Boeing Co.’s longer-range 777 programs had just watched his pride and joy, the 777-200LR Worldliner, take its first flight into a warm, springlike sky Tuesday morning, and then with the cameras rolling a reporter tried to bring him back to earth.

How does this success feel, the reporter asked, in comparison to Monday’s news that Boeing CEO Harry Stonecipher had been forced out in a sex scandal?

Andersen smiled – or maybe he was gritting his teeth – and carefully recited the company line.

“We’re focused on our customers, their passengers and our products,” he said. “We’re in this industry to build airplanes and delight our customers.”

Meanwhile, a few feet away, everyone else was gossiping.

ADVERTISEMENT
0 seconds of 0 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
00:00
00:00
 

“What I wanna know is whether we’ll ever find out who the woman is,” one of Andersen’s Boeing colleagues quietly told me.

The news that the 68-year-old Stonecipher had been forced to resign after a fling with a co-worker has set tongues wagging from Mukilteo to Munich.

In Europe, a friend e-mailed me to say that a man with grandchildren who is still chasing skirts is someone who should be admired, not fired.

In Britain, the cheeky tabloid press sunk its teeth deep into the story – then sent out for Benny Hill’s dentures to take a second bite.

“Boeing sends flirtatious CEO packing,” chortled The Register. “Gone are the good old days when it took vodka-(spouting) ice sculptures, fake subsidiaries and government payoffs to get canned as a CEO,” Ashlee Vance reported from Chicago. “Now, all a top executive has to do is play a bit of tonsil hockey with an underling.”

On the Continent, they sniffed. Things are different in Europe, an analyst told Bloomberg News. “If things worked like that in France, there wouldn’t be a CEO left standing.”

And even on this side of the Atlantic, there was some incredulity that in this age, when captains of industry cook books and loot company treasuries, a CEO would get canned over a personal indiscretion that – by all accounts – hasn’t hurt business.

“The Puritans Have Landed,” Forbes reported.

Here in Everett, there’s been some head-scratching. Stonecipher is not the first top Boeing executive to be accused of parking his jet in someone else’s hangar. After Phil Condit resigned 15 months ago, BusinessWeek reported that the former Boeing boss “had a reputation as a womanizer.”

But Condit’s downfall was the result of a Pentagon procurement scandal, not sex shenanigans. So why, some people are asking, did Boeing get moral with Stonecipher? There must be more to the story, some suspect.

“The excuse for firing Harry Stonecipher sounds bogus,” wrote Tim Ratzeloff, a Snohomish County stock watcher.

On the other hand, Seth Jayson at Motley Fool wrote that Stonecipher did himself in.

“The problem for Stonecipher, and Boeing, is that he was the much-touted return to righteousness,” he wrote. “Ethics, Boeing said, matter.”

And if that’s truly the case, “just how much money does it take to get a CEO to lead by example?” Jayson wrote. “Is it too much to ask that someone earning $1.5 million plus options, retirement and $600,000 worth of relocation fees not cheat on his wife by conducting affairs with his subordinates?

“If you can’t trust managers to live according to their own ethics rules in the personal conduct, can you trust them to give investors straight talk when it’s time to report the numbers?” Jayson asked.

Let’s give a Canadian the last word. Margaret Wente in The Globe and Mail of Toronto wrote that “the only person who deserves to be upset with Mr. Stonecipher – a weather-beaten 68-year-old with the apparent sex appeal of a rutabaga – is Mrs. Stonecipher.”

“At Airbus,” she concluded, “I can guarantee that the men who run the company are laughing their heads off. Over there, they have a different view of ethics. They also have mistresses.”

Given that, the Boeing board’s new moral stand is “not just silly,” Wente wrote. “It is a ruinous competitive disadvantage.”

Reporter Bryan Corliss: 425-339-3454 or corliss@heraldnet.com.

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Business

A standard jet fuel, left, burns with extensive smoke output while a 50 percent SAF drop-in jet fuel, right, puts off less smoke during a demonstration of the difference in fuel emissions on Tuesday, March 28, 2023 in Everett, Washington. (Olivia Vanni / The Herald)
Sustainable aviation fuel center gets funding boost

A planned research and development center focused on sustainable aviation… Continue reading

FILE — Jet fuselages at Boeing’s fabrication site in Everett, Wash., Sept. 28, 2022. Some recently manufactured Boeing and Airbus jets have components made from titanium that was sold using fake documentation verifying the material’s authenticity, according to a supplier for the plane makers. (Jovelle Tamayo/The New York Times)
Boeing adding new space in Everett despite worker reduction

Boeing is expanding the amount of space it occupies in… Continue reading

Paul Roberts makes a speech after winning the Chair’s Legacy Award on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
Paul Roberts: An advocate for environmental causes

Roberts is the winner of the newly established Chair’s Legacy Award from Economic Alliance Snohomish County.

Laaysa Chintamani speaks after winning on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
Laasya Chintamani: ‘I always loved science and wanted to help people’

Chintamani is the recipient of the Washington STEM Rising Star Award.

Dave Somers makes a speech after winning the Henry M. Jackson Award on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
County Executive Dave Somers: ‘It’s working together’

Somers is the recipient of the Henry M. Jackson Award from Economic Alliance Snohomish County.

Mel Sheldon makes a speech after winning the Elson S. Floyd Award on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
Mel Sheldon: Coming up big for the Tulalip Tribes

Mel Sheldon is the winner of the Elson S. Floyd Award from Economic Alliance Snohomish County

Craig Skotdal makes a speech after winning on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
Craig Skotdal: Helping to breathe life into downtown Everett

Skotdal is the recipient of the John M. Fluke Sr. award from Economic Alliance Snohomish County

Katie Wallace, left, checks people into the first flight from Paine Field to Honolulu on Friday, Nov. 17, 2023 in Everett, Washington. (Olivia Vanni / The Herald)
Executive order makes way for Paine Field expansion planning

Expansion would be a long-range project estimated to cost around $300 million.

Dick’s Drive-In announces opening date for new Everett location

The new drive-in will be the first-ever for Everett and the second in Snohomish County.

Helion's 6th fusion prototype, Trenta, on display on Tuesday, July 9, 2024 in Everett, Washington. (Olivia Vanni / The Herald)
Helion celebrates smoother path to fusion energy site approval

Helion CEO applauds legislation signed by Gov. Bob Ferguson expected to streamline site selection process.

The Coastal Community Bank branch in Woodinville. (Contributed photo)
Top banks serving Snohomish County with excellence

A closer look at three financial institutions known for trust, service, and stability.

Image from Erickson Furniture website
From couch to coffee table — Local favorites await

Style your space with the county’s top picks for furniture and flair.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.