Word: conditions
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Junior co-captain Courtney Bergman and freshman Cindy Chu blanked Columbia’s Kendal Murphy and Molly Condit at number two doubles. Bergman also posted a win over Columbia’s Milena Kachar in the No. 1 singles spot...
...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...
...Condit's departure is a clear sign that the company has veered off course in its evolution from the focused manufacturer that Bill Boeing started in his red wooden factory 87 years ago. This year, for the first time ever, Boeing is expected to deliver fewer commercial airplanes than its aggressive European rival, Airbus (285 to Airbus' 300). At the same time, the company is suffering back-to-back ethical scandals in its work for the government. First came allegations that Boeing improperly got hold of thousands of pages of documents from rival Lockheed Martin in a competition...
With a rise through Boeing's ranks fueled by his brilliance as an engineer, Condit proved less adept at managing the sprawling corporation and handling his messy private life. Married four times, he had become known in the company as a womanizer, often with Boeing employees, according to a report in BusinessWeek. (Condit has declined to comment.) The board's choice of Stonecipher as CEO showed either a lack of confidence in homegrown talent--the board surprisingly passed over Alan Mulally, 58, a dynamic and squeaky-clean Midwesterner who heads the commercial-jet unit--or a preference for a hard...
...RESIGNED. PHILIP CONDIT, 62, chairman and CEO of U.S. aviation-and-aerospace giant Boeing; following revelations that top executives breached the company's ethics policies to secure Pentagon contracts; in Chicago. A week earlier, two Boeing executives had been fired in connection with the case. Condit's seven-year tenure had weathered several other scandals involving accounting improprieties and corporate espionage...