- Longtime downtown Cape bartender Marcellus Jones remembered by friends (6/12/18)2
- Peter Kinder resigns federal agency post, concludes position unnecessary and waste of tax dollars (6/16/18)2
- Stormy Daniels to visit East Cape Girardeau (6/13/18)20
- Singer Neal Boyd dies after struggle with health issues (6/12/18)1
- Feeding deer in Bollinger, Cape and Perry counties prohibited soon to help curb spread of CWD (6/13/18)7
- Cape man charged with stabbing, killing dog for revenge (6/8/18)9
- Couple charged in beating death at Brick's (6/13/18)
- A community rallies behind Honorable Young Men's Club (6/16/18)
- New Zaxby's restaurant open in Cape (6/13/18)3
- New urban dance studio opens on Broadway (6/15/18)2
Boeing chief abruptly resigns
CHICAGO -- Boeing Co. chairman and CEO Phil Condit resigned unexpectedly Monday amid deepening turmoil over questionable tactics used by the aerospace giant in aggressively trying to win defense contracts.
The resignation came a week after two executives were fired for unethical conduct.
Condit, 62, said he quit to try to prevent the company from getting "bogged down" after a year of tumult involving its defense business.
Among other things, the Pentagon is investigating allegations that a former Air Force official gave Boeing information about another company's competing bid on a contract to supply the military with air-refueling tankers.
The Air Force official, Darleen Druyun, was later hired by Boeing as a vice president and Boeing eventually won the estimated $17 billion contract. Last week, Druyun was fired along with chief financial officer Mike Sears, who had talked to her about a job with Boeing while she was still at the Pentagon.
Condit has not been connected to the ethical issues that resulted in the recent firings.
The company brought back Harry Stonecipher, its 67-year-old former president and chief operating officer, from retirement to become chief executive in what analysts saw as caretaker leadership.
Pentagon officials said the resignation was a private company matter and declined to comment on the investigation.
Boeing employs about 160,000 people.