In 2005, Harry C. Stonecipher, CEO of Boeing and one of America’s most highly respected corporate leaders, was asked by the company’s Board of Directors to resign his post. The reason was Stonecipher’s affair with Debra Peabody, a Boeing vice president. There was no charge of sexual harassment and no indication that Stonecipher had given Peabody preferential treatment. But Stonecipher was a married man who had left behind a trail of incriminating e mails, and so the Board quickly concluded he had to go, which he did forthwith. As Boeing’s non-executive chairman put it, “As we explored the circumstances surrounding the affair, we just thought there were some issues of poor judgment that … impaired his ability to lead going forward.”
Leader Beware: You Have No “Private” Life
In 2005, Harry C. Stonecipher, CEO of Boeing and one of America’s most highly respected corporate leaders, was asked by the company’s Board of Directors to resign his post. The reason was Stonecipher’s affair with Debra Peabody, a Boeing vice president. There was no charge of sexual harassment and no indication that Stonecipher had given […]
March 17, 2008