Phil Condit
Categories: Company Management
Phil Condit, born Philip Murray Condit in Berkeley, California in 1941, was the CEO of Boeing from 1996 to 2003. He started with the company in 1965 as an aerodynamics engineer and worked his way up the org chart, but despite his tenure, his time as CEO got more mixed reviews than a Miley Cyrus outfit. There were strikes, there were plane crashes, and there were exploding rockets. (Okay, there was only one exploding rocket.) There were ethics investigations and affairs with employees. The quality of many Boeing products went down the tubes, and the stock price followed suit.
And then, in 2003, one of those ethics scandals came to a head: Condit’s CFO reportedly discussed offering an Air Force procurement official a job with the company while she was still handling government contracts, which is a huge no-no. The CFO and the Air Force official were fired and arrested, and Condit decided he’d go ahead and step down. One year later, he retired from Boeing altogether.
