Boeing
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| Campaign to Fix the Debt Company Profile | |
|---|---|
| Company Name | Boeing |
| CEO Name | W. James McNerney, Jr. |
| CEO Compensation | $22,958,313 |
| CEO Retirement Assets | $39,089,893 |
| Underfunded Company Pension | -$16,598,000,000 |
| Annual Company Revenue | $68,735,000,000 |
| Tax Dodger ('08-'10) | -1.8% |
| Territorial Tax Break | $66,000,000 |
| Federal Lobbying/Political Donations ('09-'12*) | $63,281,000 |
| Click here for sources. 2011 data unless otherwise noted. ©2013 Center for Media and Democracy | |
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| Type | Public (NYSE: BA, TYO: 7661) |
|---|---|
| Founded | Seattle, Washington (1916) |
| Headquarters | Chicago, Illinois, US |
| Key people | W. James McNerney, Jr., CEO |
| Industry | Aerospace and Weapons |
| Products | Commercial airliners Military aircraft Munitions Space systems Computer Services |
| Revenue | ▲ $61.5 billion USD (FY 2006)[1] |
| Net income | ▲ $2.2 billion[1] |
| Owner(s) | Columbia Management Advisors (11.7%) State Street Global Advisors (6.5%) Capital World Investors (5.7%) Barclays Global Investors (5.5%) Vanguard Group (4.5%)[2] |
| Employees | 159,000 (2007) |
| Divisions | Boeing Commercial Airplanes Integrated Defense Systems Others |
| Subsidiaries | Aviall, Inc. Jeppesen Boeing Australia Boeing Defence UK Boeing Store |
| Website | Boeing.com |
The Boeing Company is an American multinational aerospace and defense corporation founded in 1916. According to its website, Boeing is "the world's leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined."[3] Boeing also "designs and manufactures rotorcraft, electronic and defense systems, missiles, satellites, launch vehicles and advanced information and communication systems."[3] Boeing is "a major service provider to NASA" and "the prime contractor for the International Space Station" as well.[3]
The Boeing Company is best known to the general public for its line of civilian aircraft, the most famous being the Boeing 747. Military sales of $27bn comprise more than half of company revenue, making Boeing the second largest defense manufacturer in the world [4]. Military products include the C-17 Globemaster Transport, F-15 Fighter, AH-64 Apache Attack Helicopter, MH-47 Chinook Helicopter and the Hellfire Missile. The company is the main contractor for the Star Wars missile system[citation needed].
In 2011, Boeing reported total revenues of $68,735,000,000.[5]
Access Boeing's corporate rap sheet compiled and written by Good Jobs First here.
Contents
Ties to Pete Peterson's "Fix the Debt"
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Boeing is part of the Campaign to Fix the Debt as of February 2013.
This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.
| About Fix the Debt |
|---|
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the Nation magazine.
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Ties to the American Legislative Exchange Council
Boeing has been a corporate funder of the American Legislative Exchange Council (ALEC)[6][7]. See ALEC Corporations for more.
| About ALEC |
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ALEC is a corporate bill mill. It is not just a lobby or a front group; it is much more powerful than that. Through ALEC, corporations hand state legislators their wishlists to benefit their bottom line. Corporations fund almost all of ALEC's operations. They pay for a seat on ALEC task forces where corporate lobbyists and special interest reps vote with elected officials to approve “model” bills. Learn more at the Center for Media and Democracy's ALECexposed.org, and check out breaking news on our PRWatch.org site.
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Company description
"The Boeing Company operates in four principal segments: Commercial Airplanes, Military Aircraft and Missile Systems, Space and Communications and Boeing Capital Corporation (BCC). Commercial Airplanes operations principally involve development, production and marketing of commercial jet aircraft and providing related support services. Military Aircraft and Missile Systems operations principally involve research, development, production, modification and support of military aircraft, both land-based and aircraft-carrier-based, as well as helicopters and missiles. Space and Communications operations principally involve research, development, production, modification and support of space systems, missile defense systems, satellites and satellite launching vehicles, rocket engines and information and battle management systems. BCC is primarily engaged in the financing of commercial and private aircraft and commercial equipment [1]".
| Violation Tracker |
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Discover Which Corporations are the Biggest Violators of Environmental, Health and Safety Laws in the United States
Violation Tracker is the first national search engine on corporate misconduct covering environmental, health, and safety cases initiated by 13 federal regulatory agencies. Violation Tracker is produced by the Corporate Research Project of Good Jobs First. Click here to access Violation Tracker. |
Personnel
Executives
- W. James McNerney, Jr. - Chairman, President and Chief Executive Officer, The Boeing Company
Executive Council
As of January 2013[8]
- Raymond L. Conner - President and Chief Executive Officer, Commercial Airplanes, Executive Vice President, The Boeing Company
- Wanda K. Denson-Low - Senior Vice President, Office of Internal Governance, The Boeing Company
- Thomas J. Downey - Senior Vice President Communications, The Boeing Company
- Shephard W. Hill - President, Boeing International Senior Vice President, Business Development and Strategy, The Boeing Company
- Timothy Keating - Senior Vice President, Government Operations, The Boeing Company
- J. Michael Luttig - Executive Vice President, General Counsel, The Boeing Company, former Federal Judge
- Dennis A. Muilenburg - Executive Vice President, The Boeing Company, President and Chief Executive Officer, Boeing Defense, Space & Security
- Anthony (Tony) Parasida - Senior Vice President, The Boeing Company
- Greg Smith - Executive Vice President, The Boeing Company, Chief Financial Officer, The Boeing Company
- Richard Stephens - Senior Vice President, Human Resources and Administration, The Boeing Company
- John J. Tracy - Chief Technology Officer, The Boeing Company, Senior Vice President, Engineering, Operations & Technology
Former executives include
- Robert D. Bauerlein - former Vice President, International Operations for Washington
- Philip M. Condit - former President
Board of Directors
As of January 2013[9]
- David L. Calhoun
- Arthur D. Collins Jr.
- Linda Z. Cook
- Kenneth M. Duberstein
- Admiral Edmund P. Giambastiani, Jr.
- Lawrence W. Kellner
- Edward M. Liddy
- W. James McNerney, Jr. - Chairman, President, & CEO
- Susan C. Schwab
- Ronald A. Williams
- Mike S. Zafirovski
Former board members include[10]
- John H. Biggs
- John E. Bryson
- William M. Daley
- James L. Jones
- John F. McDonnell
- Rozanne L. Ridgway
- John M. Shalikashvili
Lobbying
The company spent $9,120,000 for lobbying in 2006. Of this total, $2,722,000 was to outside lobbying firms. Boeing has in-house lobbyists also. [11]
Criticism
- Clay Showalter, "Boeing - Stop the Blackmailing", Vote Sawant, November 18, 2013.
Contact details
100 North Riverside
Chicago, Illinois 60606
Phone: (312) 544-2000
Web: http://www.boeing.com/
Resources and articles
Related SourceWatch articles
- Military-industrial complex
- Locations of Boeing, Lockheed Martin, Raytheon, and TRW
- Anna Eleanor Roosevelt
- Lewis E. Platt - former chair
- David L. Calhoun
- James A. Bell
- Roger Bone - president in UK
Featured SourceWatch Articles on Fix the Debt
- Fix the Debt Portal Page
- Fix the Debt's Leadership
- Fix the Debt's Partner Groups
- Fix the Debt's State Chapters
- Fix the Debt's Lobbyists
- Fix the Debt's Parent Group
- Fix the Debt's Corporations
- Pete Peterson
- Peter G. Peterson Foundation
- America Speaks
- Simpson-Bowles Commission
- Erskine Bowles
- Alan Simpson
- Social Security
- Medicare
- Medicaid
External links
- Kevin Martin, Tim Nafziger, Jeremy Shenk, & Mark Swier Boeing Corporation: Airplane manufacturer and weapons dealer makes controversial move to Chicago, Z Magazine, November 2001.
- Leslie Wayne, Unusual Pentagon-Boeing Deal Is Attacked (Abstract), New York Times, June 10, 2003.
- Boeing's Tawdry Deal, New York Times Op-Ed, November 26, 2003.
- "Boeing’s Skillful Lobbying Efforts" CorpWatch, Financial Times, December 8, 2003.
- Hal Bernton, "Magazine ad "unleashes hell" for Boeing and Bell", CorpWatch, The Seattle Times, October 1, 2005.
- Charlie Cray 2008 "Boeing" Corpwatch
- James Macintyre, "Exposed: the arms lobbyist in Parliament: 'We'll ask the questions that you can't, without your fingerprints,' he tells clients," The Independent (UK), June 26, 2008.
References
- ↑ 1.0 1.1 Financial Statements and Supplemental Data, Form 10-K, The Boeing Company (accessed June 10, 2007).
- ↑ BA Ownership, MSN Money (accessed May 25, 2008).
- ↑ 3.0 3.1 3.2 "About Us", organizational website, accessed January 2013
- ↑ DefenseNews
- ↑ Boeing, "2011 Annual Report", organizational document, page 30.
- ↑ Clearinghouse on Environmental Advocacy and Research, project of the Environmental Working Group, Information on American Legislative Exchange Council, archived organizational profile, archived by Wayback Machine December 2, 2000, accessed August 19, 2011
- ↑ Defenders of Wildlife, Natural Resources Defense Council, "Corporations and Trades Associations that Fund ALEC," Corporate America's Trojan Horse in the States: The Untold Story Behind the American Legislative Exchange Council, online report, 2003
- ↑ Boeing, Executive Biographies, organizational website, accessed January 2013
- ↑ Boeing, Board of Directors, organizational website, accessed January 2013
- ↑ Boeing, Board of Directors, accessed December 2007
- ↑ Boeing lobbying expenses, Open Secrets.
