Tuesday, Aug. 10, 2010

Harry Stonecipher, Boeing

Following the ouster of Philip Condit as Boeing CEO in 2003, Harry Stonecipher came out of retirement to take over the reins. But Stonecipher clearly didn't learn any lessons from Condit's dismissal, which had been precipitated by not only an Air Force contracting scandal but also reported affairs with employees. So when an anonymous e-mail was sent that implicated Stonecipher in an affair with female executive Debra Peabody, it was déjà vu for the scandal-hit aviation company. Just 18 months after taking over, Stonecipher resigned after an investigation into illicit e-mails between the two confirmed the allegation.