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jsmith
March 14th 05, 08:31 PM
from today's AvWeb...

A Bad Week For Ex-Boeing CEO ... But With A Couple Million For Solace
Boeing CEO Harry Stonecipher has been booted from the company for
breaking its code of conduct by having an affair with a female executive
at the company ... but he still is parachuting away with more than $2
million. Last Thursday, Boeing told the Securities and Exchange
Commission that Stonecipher would be paid the $2.1 million bonus he
earned in 2004, and will continue to collect pay and benefits through
his official retirement date of April 1, at an annual rate of $1.5
million. He might not get to keep it all, though. Also on Thursday, his
wife of 50 years filed for divorce, asking the court to grant her an
"equitable share" of the couple's property. Both are 68 years old. No
word yet from Boeing on who will take over the CEO slot.

Montblack
March 14th 05, 09:08 PM
("jsmith" wrote)
<snip>
>No word yet from Boeing on who will take over the CEO slot.


Michael Eisner's available in October, maybe sooner.

The amazing thing about Eisner isn't that he lies to people, but that he,
time and again, gets very smart people to believe him, and trust him - even
though everyone knows Eisner's reputation. These same people are usually
outraged (later) that they were lied to and decieved by Eisner.

Yeah, Boeing might not be a bad fit.


Montblack

Tony
March 14th 05, 09:15 PM
I guess if you're going to screw around and be president, it's best to
be president of, let's see, not Boeing. . .

not your local school board.

Oh yeah.

Larry Dighera
March 15th 05, 01:09 AM
Here's a little more information:

Harry Stonecipher, the chief executive fired by BOEING CO. for
having an affair with another executive, will remain an
employee of the company and receive an executive salary until
he retires April 1, the company said on Thursday. Stonecipher,
Boeing's second CEO in 15 months, will be paid a salary at an
annual rate of $1.5 million per year and receive an annual
incentive of $2.1 million for 2004, the company said in a
filing with the SEC. Stonecipher will also continue to receive
perks such as use of a company car and financial counseling
until his retirement, although he will no longer be able to use
the company's aircraft unless approved by the non-executive
chairman. Stonecipher will continue to accrue pension benefits
until his retirement date and after that, receive full
retirement benefits.
(Reuters 06:29 PM ET 03/10/2005)

More:

http://q1.schwab.com/s/r?l=248&a=1065957&m=1006242322b2a00014225a&s=rb050310

Stefan
March 15th 05, 09:43 AM
Larry Dighera wrote:

> Harry Stonecipher, the chief executive fired by BOEING CO. for
> having an affair with another executive,

So it's forbidden for a CEO to have a life. What a wonderful world.

Stefan

Denny
March 15th 05, 12:24 PM
RESUME:

Professional White Male
Mid sixties
Advanced university degrees
40 years experience as a business Owner/President/CEO
House broken, well groomed, affable
Willing to take a short term job as President or CEO of a corporation
Able to get heavily involved with hot young chick so I can be fired to
show that the Board of Directors is on the job...
Terms of my Golden Parachute negotiable
Please call soon, I need the money for retirement

Larry Dighera
March 15th 05, 01:34 PM
On Tue, 15 Mar 2005 10:43:41 +0100, Stefan >
wrote in >::

>Larry Dighera wrote:
>
>> Harry Stonecipher, the chief executive fired by BOEING CO. for
>> having an affair with another executive,
>
>So it's forbidden for a CEO to have a life. What a wonderful world.
>

Apparently it's company policy not to permit such relationships
between supervisors and those whom they supervise to avert sexual
harassment charges.

C J Campbell
March 15th 05, 02:17 PM
"jsmith" > wrote in message
...
> from today's AvWeb...
>
> A Bad Week For Ex-Boeing CEO ... But With A Couple Million For Solace
> Boeing CEO Harry Stonecipher has been booted from the company for
> breaking its code of conduct by having an affair with a female executive
> at the company

Are you saying that Stonecipher has AIDS?

Bob Moore
March 15th 05, 02:34 PM
"C J Campbell" wrote
> Are you saying that Stonecipher has AIDS?

Hmmmm... I thought that everyone had heard of AIDS.......
Aviation Induced Divorce Syndrome...sure happened to me.

Bob Moore

Morgans
March 15th 05, 06:20 PM
"C J Campbell" > wrote

> Are you saying that Stonecipher has AIDS?

He had at least one "aid" too many. ;-)
--
Jim in NC

Peter Duniho
March 15th 05, 07:30 PM
"Larry Dighera" > wrote in message
...
> On Tue, 15 Mar 2005 10:43:41 +0100, Stefan >
> wrote in >::
>>
>>So it's forbidden for a CEO to have a life. What a wonderful world.
>
> Apparently it's company policy not to permit such relationships
> between supervisors and those whom they supervise to avert sexual
> harassment charges.

Exactly. And it's not just a matter of avoiding sexual harassment charges.
There are many other reasons for not allowing romantic relationships within
the management hierarchy.

May a CEO have a life? Possibly (though often the workload precludes it).
Should that life violate company policy and basic common sense? No, there's
no reason to allow that.

How this is on-topic for this newsgroup, I have no idea. But hey, if our
self-appointed charter copy can post, so can I. :p

Pete

C J Campbell
March 16th 05, 02:22 AM
"Stefan" > wrote in message
...
> Larry Dighera wrote:
>
> > Harry Stonecipher, the chief executive fired by BOEING CO. for
> > having an affair with another executive,
>
> So it's forbidden for a CEO to have a life. What a wonderful world.

I was not aware that the sexual exploitation of your employees was a
requisite to having a life.

LWG
March 18th 05, 01:20 AM
It is only if your name is Clinton.

"C J Campbell" > wrote in message
...
>
> "Stefan" > wrote in message
> ...
>> Larry Dighera wrote:
>>
>> > Harry Stonecipher, the chief executive fired by BOEING CO. for
>> > having an affair with another executive,
>>
>> So it's forbidden for a CEO to have a life. What a wonderful world.
>
> I was not aware that the sexual exploitation of your employees was a
> requisite to having a life.
>
>

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