How Boeing Got Lost

America's biggest exporter is mired in scandal and beset by Airbus. Can its new chief find the way?

Phil Condit spent his first 30 years at Boeing building iconic American aircraft: the 747, the 757 and the 777. He spent his last seven years as CEO, largely ignoring that business. Instead he steered the company into new areas, chased lucrative U.S. government contracts and moved its headquarters from Seattle to Chicago to be closer to its new clients. Those shifts diluted Boeing's reputation as an aircraftmaker and flung the company deeper into the mysterious, often seamy business of bidding for--competing isn't exactly the right word--government work. And it unraveled Condit himself. With allegations of Boeing's strategic and ethical lapses...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!