Boeing Case Study

774 Words2 Pages
bulb-icon

Recommended: Aerospace business ethics and issues journal

The first written case is about one of the largest aerospace firm called Boeing. The first written case is about one of the largest aerospace firm called Boeing. Boeing the largest firm provided services for the military and its industry buyers all around the world. This company made many goods like the jets, helicopter and other things that are necessary for the military industry. (page 111). Boeing was a very successful company that’s net income was worth 1.5 billion dollars and had about 153,000 people working under this corporation, which was the worlds largest company. The big issue came about with this company was caught doing something wrong more than twice. The issue for the company Boeing had arose in 2002. This was when it’s CEO named Philip Condit led Boeings issue. The company Boeing in 1997 acquired its competitor McDonnell Douglas, which was also an aircraft manufacturer and shortly after when they combined the two firms Boeing faced problems and took a $2.6 billion dollar loss to the business and was in a lawsuit from angry shareholders. The angry shareholders stated that Boeing had covered its true financial conditions therefore in February 2002 the lawsuit was settles for $92 million dollars. Later in 2003 another issue for the Boeing Company arose which was that documents that belonged to the Lockheed Martin were in the possession of the Boeing managers. This allowed Bowing to have an advantage of the defense contract with the federal. After this Boeing was stopped by Pentagon form bidding on any federal contracts for 20 months which caused CFO Michael Sears to be fired after this incident. After Michael Sears was fired and was put into jail for hiring officer Darleen Druyum, She had made a purchase ... ... middle of paper ... ...o the job as the other previous CEO’s of this company except he was someone who wanted to focus on employment development. The actions that McNerney is proposing are in my view likely to change the ethics at Boeing. McNerney doesn’t have previous experience like Condit and Stonecipher did. So McNerney wouldn’t have to be afraid of changing things around since he is not used to things and its very easy to find something he could adjust to work with. It was another thing for Stonecipher and Condit since they were scared of change. McNerney wants to change the environment since he feels that management has gotten carried away and the executives started to hide information. McNerney stated that he will change compensations and to eliminate illegal financial reporting, he will change the way Boeing operates. Sources: Management 9th edition Griffin Page 111 - 112.

Show More
Related

  • Armand Bombardier: A Canadian Inventor Or Entrepreneur?

    805 Words  | 2 Pages

    April 16th 1907, Joseph-Armand Bombardier, a Canadian inventor and entrepreneur was born. Bombardier grew up in the eastern Quebec village of Valcourt. The ambitious young bombardier wanted to come up with a solution to make it much easier to travel through the snow-covered roads. Through Bombardier’s earlier years, he started his own garage where he worked and honed his mechanical craft. In his spare time, Bombardier worked hard to create an automobile that could travel easily on snow.

    Read More

  • Insider Trading: SEC v. Mark D. Begelman

    624 Words  | 2 Pages

    Overview of the Case: The Securities and Exchange Commission claims Mark D. Begelman misused proprietary information regarding the merger of Bluegreen Corporation with BFC Financial Corporation. Mr. Begelman allegedly learned of the acquisition through a network of professional connections known as the World Presidents’ Organization (Maglich). Members of this organization freely share non-public business information with other members in confidence; however, Mr. Begelman allegedly did not abide by the organization’s mandate of secrecy and leveraged private information into a lucrative security transaction. As stated in the summary of the case by the SEC, “Mark D. Begelman, a member of the World Presidents’ Organization (“WPO”), abused his relationship of trust and confidence and misappropriated material, non-public information he obtained from a fellow WPO member about the pending merger. It was the specific written policy of the WPO that matters of a confidential nature were to be kept confidential (Securities and Exchange Commission). Mr. Begelman maintained a relationship with a fellow WPO member, an insider with BFC Financial, who provided access to non-public information regarding the merger. Mr. Begelman used this information to purchase 25,000 shares of Bluegreen stock prior to the announcement of the acquisition. After the merger was made official and disclosed to the street, Mr. Begelman sold his stake for a net gain of $14,949. He maintained ownership of Bluegreen securities for fifteen days (Gehrke-White).

    Read More

  • Comparison Between Boeing And Boeing

    1657 Words  | 4 Pages

    Boeing is a company that dates back almost a century ago in Seattle Washington by William Boeing. Back in 1916 when Boeing was founded, they manufactured sea planes right out of the Seattle bay. Twenty years later, Boeing’s revolutionary plane was introduced. The Boeing 247 was created and is considered to be the first modern airliner to fly around the world. Boeing operated the planes for commercial purposes. Boeing started u...

    Read More

  • S.W.O.T. Analysis of Boeing Corp.

    1874 Words  | 4 Pages

    The Boeing Company originally started out as the Pacific Aero Products Co., which was founded on July 15, 1916. The name was changed about a year later to The Boeing Airplane Company. The Boeing Company stayed relatively small until World War I when they were selected by Navy officials to produce an order for 50 model C's planes for the war efforts. The company continued to prosper and by the late 1950s, Boeing President William Allen knew that the company had the scientists, the experience and the facilities to lead the company into uncharted territories. He was right, Boeing has emerged as the leading aerospace company in the world today.

    Read More

  • Boeing Company's Goals And Actions

    1576 Words  | 4 Pages

    The Boeing Corporation is one of the largest manufacturers in the world. Rivaled only by European giant Airbus in the aerospace industry, Boeing is a leader in research, design and manufacture of commercial jet airliners, for commercial, industrial and military customers. Despite enjoying immense success in its market and dominating an industry that solely recognizes engineering excellence, it is crucial for Boeing to ensure continued growth through consistent strategy formulation and execution to avoid falling behind in market share to close and coming rivals.

    Read More

  • United Airlines

    1408 Words  | 3 Pages

    After the Air mail Act in 1934, which separated the ownership of aircraft manufacturer and airlines, the President of the UATC had to be resigned and he moved to another airline at the time, which is Trans-Canada Airlines, now Air Canada. After this fall, Boeing’s company was broken into several parts, the first one was aircraft manufacturing, the second part is the parts supplier, and the third part is the United Air Lines airline group. After having a separate airline, they needed a new president to fresh sta...

    Read More

  • Worldcom Case Study

    1575 Words  | 4 Pages

    In modern day business, there can be so many pressures that can cause managers to commit fraud, even though it often starts as just a little bit at first, but will spiral out of control with time. In the case of WorldCom, there were several pressures that led executives and managers to “cook the books.” Much of WorldCom’s initial growth and success was due to acquisitions. Over time, WorldCom discovered that there were no more opportunities for growth through acquisitions when the U.S. Department of Justice disallowed the acquisition of Sprint.

    Read More

  • Boeing 707 to 787 Aircraft Design

    1251 Words  | 3 Pages

    The Boeing aircraft company has a long history for creating commercial and military aircraft that are used throughout the world. It is considered to be the most prevalent aerospace company in existence today and employs thousands of workers in many different countries. Throughout its history, Boeing has produced some of the most popular aircraft known today. Possibly the most notable being the 747, which when first revealed was the largest commercial aircraft in existence. Other companies often benefit from Boeing’s existence, one example being General Electric, which supplies engines for aircraft such as the 777. It is also a major defense contractor for the United States military, often competing against rivals like Lockheed Martin.

    Read More

  • Delta Airlines Case Study

    727 Words  | 2 Pages

    Over the last 20 years, airlines have distributed ticket sales through online tickets sales, via individual airline websites, through online travel sites, or through travel agencies. This has changed the way that individuals can purchase airline tickets, rather than the antiquated methods of going to the airport counter to book a flight.

    Read More

  • Boeing/Airbus Case Analysis

    1860 Words  | 4 Pages

    Boeing/Airbus Case Analysis Competition in the Commercial Aircraft Business. With only a few large companies across the globe (Boeing, MD, and Airbus), the commercial aircraft industry essentially exhibits the qualities of an oligopolistic competition with intense rivalry. Here is an analysis of competition in the commercial aircraft business using Porter’s Five Forces. Figure 1: Porter’s Five Forces Applied to Aircraft Industry. Barrier to entry: - High barriers to entry, to a certain extent, help understand the risks involved in operating in the aircraft industry.

    Read More

  • Boeing Management Planning

    1149 Words  | 3 Pages

    Every major corporation who has withstood the test of time has incurred some form of legal issues. Boeing is no exception to this rule. Currently, Boeing is undergoing a strike dealing with their mechanics who are pursing extended work guarantee contracts...

    Read More

  • Mercedes Benz and The State of Alabama

    1251 Words  | 3 Pages

    Bjerga, Alana. Ex-Boeing CFO pleads guilty in tanker deal scandal. November 16, 2004. Seattle Times. Retrieved on December 6th, 2011. http://seattletimes.nwsource.com/html/businesstechnology/2002091816_webboeing16.html

    Read More

  • Waste Management Scandal Case Study

    790 Words  | 2 Pages

    The outside pressure of having 20 million customers throughout America, Canada and Puerto Rico drove the top executives to become greedy for power and money. The chief officers recognized this and began to commit fraudulent activities. For example, in companies like Waste Management, Inc., officer compensation is tied to the earnings that the company produces. If the company were to struggle in falling short of their earnings target, it would endanger the officers of the company. Compensation tied to earnings brings about a major culture of fraud in any occupational environment. These officers had the opportunity to commit fraud within the company’s financial statements because they were all high up in the hierarchy of the organization. Buntrock, along with the other stakeholders, let greed get in the way of operating the company in an honest and efficient manner. They would falsely value their garbage trucks, assign estimated values on assets that they knew had little to no worth and held off on recording an expense from the decreases in value of their many

    Read More

  • Delta Airlines Case Study

    711 Words  | 2 Pages

    Delta offers services to a very diverse range of people. It serves business travelers to consumers who enjoy leisure flights. It’s very family friendly and ranges from all ages of people onboard. Delta flies 170 passengers a year; 82 million passengers have SkyMiles memberships. 82% of Deltas customers are between the ages 25-44. 71% are married and 32% have children. Statistically speaking over 60% of its customers graduated from college with average household incomes of over $100,000 ("Delta Sky Media," 2015).

    Read More

  • Boeing and Airbus: Then and Now

    1921 Words  | 4 Pages

    Although Westervelt’s naval duties called him east before they finished constructing their first plane, Boeing continued constructing the B&Ws. Boeing incorporated the company as Pacific Aero Products Co. in 1916, but renamed it the Boeing Airplane Co. a year later. By 1917, the company employed 28 people from pilots to boat builders. When the company faced financial difficulties, Boeing used his own resources to guarantee a loan that covered wages.

    Read More

More about Boeing Case Study

Open Document