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Essay on Boeing's Corporate Social Responsibility And Ethics
Introduction
The Boeing Company is a leading American aircraft and aerospace manufacturer, headquartered in Chicago, Illinois, with its largest production facilities in Everett, Washington, near Seattle, Washington. It is also a defense contractor, and a component of the Dow Jones Industrial Average.
Boeings Corporate Social Responsibility and Ethics
Boeing has the history and present of both good and bad corporate social responsibility and conducts. In order to judge the company there has to be complete unbiased analyses done.
In May 2003 the US Air Force announced it would lease 100 KC-767 tankers to replace the oldest 136 of its KC-135s.
The 10-year lease would give the USAF the option to purchase the aircraft at the end of the contract. In September 2003, responding to critics who argued that the lease was vastly more expensive than an outright purchase, the DOD announced a revised lease of 74 aircraft and purchase of 26. In December 2003 the Pentagon announced the project was to be frozen while allegations of corruption by one if its former procurement staffers, Darleen Druyun (who had moved to Boeing in January) was investigated.
The fallout of this resulted in the resignation of Boeing CEO Philip M. Condit and the termination of CFO Michael M. Sears. Harry Stonecipher, former McDonnell Douglas CEO, replaced Condit. Druyun pleaded guilty to inflating the price of the contract to favor her future employer and to passing information on the competing Airbus A330 MRTT bid (from EADS). In October 2004 she was sentenced to nine months in jail for corruption, fined $5,000, given three years of supervised release and 150 hours of community service.
In June 2003 Lockheed Martin sued Boeing alleging the company had resorted to industrial espionage in 1998 to win the Evolved Expendable Launch Vehicle (EELV) competition....
