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Rumors We Would Like To Hear: Alan Mulally To Rejoin Boeing

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By Douglas A. McIntyre Published
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The Boeing board could finally do something for its long-suffering shareholders. It can offer Ford (NYSE: F) CEO Alan Mulally a huge compensation package to return to the aerospace firm. Boeing’s stock is down 5% in the last five years. Ford’s is higher by 100%.

Ford is considered one of the great corporate turnarounds of the last decade, and Mulally is regularly mentioned as the best CEO in America over that period. Only Steve Jobs of Apple (NASDAQ: AAPL) is listed as often.

Boeing CEO W. James (Jim) McNerney, Jr became CEO of Boeing in 2005. Mulally, then CEO of Boeing Commercial Airplanes, was considered by many the most logical person to take the chief executive position.

Boeing’s problems have been primarily related to a long list of trouble with the launch of its 787 Dreamliner. Early development of the Dreamliner began in 2003. The first delivery of the 787 was pushed off half a dozen times. It will finally be available this year. Delays have been caused by software programs, labor problems, parts shortages, and lack of available parts. McNerney has never been held accountable by his board for these issues, at least not based on his compensation packages.

Mullaly has done his work at Ford. It is once again a first class manufacturing, marketing, and production operation. Boeing is not any of these things. Mulally would change that.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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