Few years ago, there is a news article was saying that the chief executive at the Boeing, the largest aerospace company in the world, summated his resignation due to the gossip of business ethical issue and affect the company a lot, his name is called Philip M. Condit.
Mr. Condit decided to resign just after the company dismissed the chief financial officer who named Michael M. Sears and another senior executive he helped recruit from the Pentagon. The case is that they were dealing with U.S. air force and made a over $20 billion contract and Pentagon found that Mr. Condit stole the documents from the competitor company Lockheed Martin Corporation by using satellite. After the news was released the reputation of Boeing Company is extremely ruined and the stock of the company fell more than 30 percent.
“Our challenge is to straighten out the reputation of the company.” As the former president of Boeing Company, Mr. Stonecipher said. So we can see that business unethical can create huge damage to the company and the people themselves.
When Mr. Condit was first on board, Boeing was clearly outpacing Airbus. But now it is definitely not the situation that it was.