Boeing

From SourceWatch
Jump to: navigation, search

Learn more about Pete Peterson-funded astroturf projects at the Fix the Debt Portal.

Learn more about corporations VOTING to rewrite our laws.

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
The Boeing Company
Type Public (NYSEBA,
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]

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.


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
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.

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]".

Personnel

Executives

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

Board of Directors

As of January 2013[9]

Former board members include[10]

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

Contact details

100 North Riverside
Chicago, Illinois 60606
Phone: (312) 544-2000
Web: http://www.boeing.com/

Resources and articles

Related SourceWatch articles

Featured SourceWatch Articles on Fix the Debt

External links

References

  1. 1.0 1.1 Financial Statements and Supplemental Data, Form 10-K, The Boeing Company (accessed June 10, 2007).
  2. BA Ownership, MSN Money (accessed May 25, 2008).
  3. 3.0 3.1 3.2 "About Us", organizational website, accessed January 2013
  4. DefenseNews
  5. Boeing, "2011 Annual Report", organizational document, page 30.
  6. 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
  7. 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
  8. Boeing, Executive Biographies, organizational website, accessed January 2013
  9. Boeing, Board of Directors, organizational website, accessed January 2013
  10. Boeing, Board of Directors, accessed December 2007
  11. Boeing lobbying expenses, Open Secrets.