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Not significantly no, it was much more focused on the McDonnell-Douglas reverse acquisition. To summarize: McDonnell-Douglas was failing and bought Boeing with Boeing’s own stock (technically Boeing bought McDonnell-Douglas with Boeing stock but in practice McDonnell management assumed control). MD’s executives were Jack Welch protégés and did the same thing to Boeing that happened to GE.



So, if MD was failing, who thought it would be a good idea to let the MD execs take over Boeing? Was the board asleep?


Corporate boards in practice have a long history of being controlled more by management, than the other way around.


The part that story always stays silent is that Boeing then-CEO was big fan of Welch-ism apparently and oversaw major changes that caused long-term issues

... while new people (albeit not execs) from McDonnell-Douglas were publishing internal memos about how MD has experience on why the actions taken by Boeing (not MD!) CEO will cause problems.


That’s too bad. Very interesting—thank you!




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