Boeing CEO & President Resigns

Harry Stonecipher, President and Chief Executive Officer for Boeing, has been forced to resign by the board.

Aparrently an internal investigation revealed a relationship between the 68-year-old married grandfather and another female executive. This violates the company’s Code of Conduct. This marks the second CEO scandal for Boeing in the past 1.5 years!

According to MarketWatch
The move comes right after Air Force put potentially billions of contracts in play when it lifted a 20-month ethics-related suspension on Boeing’s bidding on rocket-launch contracts after the company’s was caught with related documents from rival Lockheed Martin.”
On Friday, the fruits of 15 months of Stonecipher’s efforts to get the company reinstated came to pass,” said Paul Nisbet, defense and aerospace analyst at JSA research. “Monday, he’s gone.”

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