Boeing CEO Jim McNerney states that he will not retire when he turns 65 next month, even though it is Boeing company policy [“Boeing profit rises, but tanker program worries analysts,” Business/Technology, July 23].
He then goes on to state that, “The heart will still be beating, the employees will still be cowering, I’ll be working hard.”
This kind of management philosophy says it all. His statement that “ … the employees will still be cowering” is straight out of the failed McDonnell Douglas playbook.
The reason the 787 was over three years late and $6 billion over projected cost was because of this management style. When the 777 was designed and built, the program met both cost and schedule targets. What is missing now is the deep loyalty of employees that existed during the 777 program.
If you do not treat employees with respect, you cannot build teamwork or loyalty.
James J. Farrell, Bellevue