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Business

Goodbye Condit

BusinessWeek has a scathing cover story article about just resigned Boeing ex-CEO Phil Condit. Reading it, one has to wonder what the board of directors was thinking during the relatively long tenure that Condit had as Boeing’s CEO. Amazing — and disturbing…

Flawed strategy. Lax controls. A weak board. Personal shortcomings. CEO Phil Condit lasted longer than he should have. The really surprising thing about Philip M. Condit’s resignation as chairman and chief executive officer of Boeing Co. was not that his seven-year tenure ended so abruptly on Dec. 1, but that it lasted so long.

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