If You Think Leadership Doesn't Matter, Look At Boeing
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March 2019 - by Bryce Hoffman for Forbes.com
Last week, following the second fatal crash of one of its new 737 Max 8s in less than six months, Boeing Co. shares plummeted by 12 percent, destroying more than $28 billion in shareholder value. It was Boeing's biggest loss since September 2001, when terrorists flew four of the company's planes into the World Trade Center and Pentagon. In the dark days that followed, Boeing's stock price fell to less than $28 a share from a monthly high of almost $52 as half its orders for new planes were canceled or delayed
But over the next five years, Boeing's Commercial Airplanes Group soared back to record sales, revenue and earnings under the leadership of its new CEO Alan Mulally.
But by mid-2009, the company was in trouble again. The 787 was behind schedule, and the company's shares were trading below $40.
What happened? Mulally left...