Tripleseven
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Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 3:27 am

Boeing to leave Seattle
About half of 1,000-person headquarters staff to be cut as part of move
March 21, 2001: 1:20 p.m. ET
From CNN:

NEW YORK (CNNfn) - Boeing Co. is moving its main offices out of Seattle and cutting about half its 1,000-employee headquarters staff in the move.

The company said Wednesday it is looking at three possible metropolitan areas to relocate to: Chicago, Dallas and Denver. It expects to pick a location this summer and to have an operational center at the new headquarters as soon as this fall. It said the move, and the reorganization, are part of an effort to refocus the company and provide better shareholder returns.

 
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boeingrulz
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 3:37 am

Yikes, this is interesting news!

This story is also being reported in Seattle in our two major papers and story is posted at http://seattlep-i.nwsource.com and http://seattletimes.com/

Carolyn
 
Guest

RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 3:37 am

I just saw that story too.....YIKES!!!!

It sounds like it is just the paper pushers not the manufacturing capability...

The question is why those three cities? Not one of them impress me....
 
737doctor
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 3:59 am

Dallas is obvious. There are three large airports there: DFW International, Love Field and Alliance. Two major airlines that use Boeing products are headquartered there: Southwest and American. Delta has a major maintenance facility at DFW and both FedEx and UPS have mini-hubs (Alliance and DFW, respectively). Oh, and don't forget the joint reserve base.

As far as business is concerned, Dallas/Fort Worth is considered one of the top ten major metropolitan areas for business and industry...

Any more questions?
Patrick Bateman is my hero.
 
cruising
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 4:10 am

I think people are misled. They are thinking about moving coperate headquater, not whole Boeing. In Seattle, Boeing has its own coperate HQ building nearby Boeing field. I believe Phil is talking about moving that facility to somewhere.

Even these days, BCAG HQ is in different location. It isn't in same building as coperate HQ. It is in Renton area, south of Seattle. So moving HQ building to somewhere isn't a big issue to Phil Condit. Although I hate the idea...
 
Guest

RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 4:49 am

Dallas seems the obvious choice for the reasons the Doctor pointed out. In addition, Texas has a very business friendly tax structure (low "franchise" tax and no personal income tax) of which Boeing, with its high operating revenue, would certainly like to take advantage. Moreover, the presence of American (the second largest airline in the world and not a large Airbus customer) and Southwest (all Boeing fleet and the largest consumer of 737's in the world) would make Dallas logical. In light of all of this, I would like to say on behalf of thepeople of the Great State of Texas, Welcome Boeing!
 
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RayChuang
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 5:09 am

I think Boeing would do very well to move its HQ operation to the Dallas-Forth Worth Metroplex.  Smile

My guess is that they're looking for office space in either the Arlington or Irving, TX areas right now.

 
SInGAPORE_AIR
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 6:28 am

From a non-business POV, I think it's not a bad but not really a good choice.

Dunno about you, but I've always known it as Boeing, where? Seattle. Not anywhere else and it will be terribly sad for those people in SEA. Oh dear.

It will take some time to get used to Boeing, half in Denver or whatever, half in Seattle

;(

Singapore_Air - Rattled
Anyone can fly, only the best Soar.
 
watewate
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 6:56 am

I think Boeing should move just across the street from Airbus in Toulouse to kick start the rivalry.
 
cba
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 7:25 am

I doubt that Boeing will choose to move to Dallas because of AA and WN being Boeing customers. Under your argument, they should move their office to Tel Aviv or Tokyo because JAL and El Al are all Boeing airlines.
 
Guest

RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 7:37 am

Come on down to Texas Boeing!  Smile
 
Guest

RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 7:39 am

Cba, I did not just randomly make that up as a reason to move to Dallas. Rather, Phil Conrad indicated as much in his statement. According to Phil, "[a]s we've grown, we have determined that our headquarters needs to be in a location central to all our operating units, customers and the financial community -- but separate from our existing operations." You name for me any other city in America that has two major airlines headquartered and any other state that has three major airlines (AA, WN, & CO)
 
Guest

RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 8:15 am

THIS IS AN OUTRAGE!

I just heard the news on the radio 10 minutes ago and I am flaming... as well as just about everyone else in this city AND not to mention the unions. The unions are already putting up a fight, saying "You can hide in another city, but...". I never thought I'd be pro-union.

Bill Boeing is probably turning over in his grave.

We need to keep in mind, this is not final. But it doesn't sound good.

One person said:
For four generations, Seattleites have been working for Boeing, electing politicians that lobby for Boeing, assenting to special tax breaks that exclusively benefit Boeing. Seattle's citizens have been integral in the company's success.

Boeing's move, especially in this age of high-speed communications (why can't they just teleconference with Denver?) shows a profound contempt for the thousands of Seattleites, living and dead, that made Boeing what it is.


This IS a slap in the face to millions of Seattleites, past and present.

PHIL CONDIT:
DON'T LET THE DOOR HIT YOU IN THE ASS ON THE WAY OUT.

Damn these people.
 
Guest

RE: N766AS

Thu Mar 22, 2001 8:17 am

Look at the bright side--you still have Starbucks. Big grin
 
cruising
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It Is Only HQ That Will Be Move!

Thu Mar 22, 2001 8:28 am

Guys,

As I said before, it is HQ that will be move, NOT entire Boeing. These days Boeing is more than commercial airplane manufacture. That is one of reasons that Boeing is having massive global advertisement to tell people that Boeing is more than an airplane manufacturing company. Everything will stay in Seattle, but HQ building. Only people who are workign in HQ will be affected by that.

I personally don't like Phil's idea moving HQ to somewhere else, but he is the man in Boeing right now. He is trying to do something that will help Boeing.
 
Guest

RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 8:29 am

whine whine whine


Sure lets all feel sorry for the arrogant, leftist latte sipping people who want the world to feel sorry for them becuase Boeing is making a strong business decision and they feel, like the above person, that Boeing OWES Seattle everything.

Sorry folks but I guess some of the arrogant ones will have to find a way to pay for that 3rd SUV now that their "slave" Boeing is deciding that maybe there are other cities than just Seattle that would appreciate some prosperity.

Living and working in Seattle I can tell you two things.

Seattle has SOME hard working people at Boeing (line workers)

Seattle has some spoiled cry babies that are more mouth than vision and practically have to be bribed just to show up to work regularly. There are a hundred cities in America that Boeing would be better suited being in just becuase of the laid back atitude that costs in production.

And alot of the blame rests on the unions themselves. Now threatening Boeing that they are going to make stuff difficult and watch everything the company does?

Yup that Seattle's gratitude for yah.

If I was condit I would threaten move the whole company to Denver.


A hint to Boeing people?


Sell the SUV. Scrap the plans for the huge house and rejoin the rest of the world in having to live day to day.


Sad but true.
 
b757300
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 8:33 am

I'm really starting to think that Condit's head is stuck really far up his ass.
"There is no victory at bargain basement prices."
 
wingman
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 8:59 am

I think what Condit is saying is that he and all the other senior execs are sick and tired of having to fly long-haul for every critical business meeting they have. Let's face it, Seattle is a very long ride to the East Coast, Europe and even Asia. Don't bite me about Asia, I just mean they'll be saving a lot of time in travel overall. Still, I don't get it.

The cost savings of such a move are insignificant to a $50B company and this just serves to aggravate people. What the hell is the point of relocating your HQs away from your primary operational facilities? Another thought, maybe Condit and Co. feel they are too distracted by union issues and manufacturing to focus on the essential business issues of growth and competition from Airbus. I'm sure we'll be getting a lot more analysis on this decision.
 
Guest

RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 9:13 am

The rat is leaving the sinking ship  Big grin
 
DG_pilot
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RE:

Thu Mar 22, 2001 9:34 am

Why don't they keep all production and everything in Seattle, and put a special 'financial/administrative headquarters'-where the officials meet-in their central U.S. location. It would be the best of both worlds. However, I really wish Boeing would stay put!!!!

I doubt the next place is going to cater and support Boeing the way Seattle has!

 
DIA
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 9:39 am

Denver.

That's all you need to know. It will be Denver.

Mark my words.  Laugh out loud
Ding! You are now free to keep supporting Frontier.
 
cruising
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New CEO Designation

Thu Mar 22, 2001 9:57 am

Moving the company HQ to new place is a big deal. But There is even bigger one. Phil promoted 3 of his presidents to CEO. Well, I thought there is only one CEO in a company. Now, Boeing has 4 CEOs. What the hell is that mean? I am very curious what Phil is really thinking.

Boeing has 4 big HQ around US. Coperate HQ is in Seattle, Commercial HQ is IN Renton, Military is in St. Louis, and Space & Communication is in Seal Beach. Every excutives are needed to fly up to Seattle to have meeting, except commercial people.

I think Phil like to move somewhere so everybody has to fly to attend meeting. To make fair, so do speak...
 
watewate
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 10:33 am

Maybe Boeing is also looking for something no one has yet to mention- POLITICAL BACKING. No offence to Washington State, but it doesn't exactly have the most voice in the government. Texas and Illinois are powerful states.
 
DG_pilot
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 11:17 am

This is about the last thing we need--more power concentrated in less places.
 
Guest

RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 12:50 pm

>Sure lets all feel sorry for the arrogant, leftist latte sipping people who want the world to feel sorry for them becuase Boeing is making a strong business decision and they feel, like the above person, that Boeing OWES Seattle everything.

Oh, please... hey- by the way I'm a 'rightist latte sipping' person who doesn't want Boeing HQ to leave. I am sure you have heard the lame excuses they are giving us Seattleites for leaving.

>I'm really starting to think that Condit's head is stuck really far up his ass.

Most of us Seattleites have known that for quite a while...

>No offence to Washington State, but it doesn't exactly have the most voice in the government

No, the reason they don't like Washington State is because it is too left-leaning. It is local government they care about, not national for the most part. The government here in WA is waayyyy too left for Boeing's comfort and with any luck, maybe the way for Gary Locke to coerce Boeing into staying is to loosen up on taxes and regulation- it'll be hard for the man though.

Like I said before, don't let the door hit you in the ass on the way out, Phil.
 
redraider
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 1:38 pm

Apparantly the 500 people moving are REALLY popular in the Seattle area.

My bet is Dallas/Ft. Worth for the following reasons, some already listed:

Beneficial corporate tax structures
No personal income tax
DFW airport
DFW Metroplex within 4 hours from virtually anywhere in the US + great connections abroad
Home of the Texas Rangers
American Airlines - All Boeing
Southwest Airlines - All Boeing
Continental Airlines - All Boeing
NASA
Great weather, plenty of sunny days

Oh yeah, the President of the United States is from Texas also

P.S. Texas is such a great state to work even Bobby Knight is going to work there.

Go Tech!!
Final Four 2004
My wife can't wrestle, but you should see her box.
 
deltaflyertoo
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 2:48 pm

Dallas would be cool.

CNN said maybe Chicago, I hope not. Aside from my personal opinion, it logistically wouldn't work out either.
 
COTPARES
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 5:12 pm

My husband is a mechanical designer and he does a lot of Dept of defense "stuff". He works as a contract worker.He Gets job offers for Boeing to work in
the engineering dept. for top dollar. But would never consider moving to Seattle
because of the weather and location. Pewrhaps Boeing would find it easier
to get the expensive technical employees they need if they were in a warmer, dryer, and central location

Besides I love Florida.
 
travatl
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 5:32 pm

WHY is everyone freaking out over this story?!?!? it is practically non-news.

All Boeing is saying is that the three heads of their three divisions (i.e. Commercial, Millitary & Missile, and Space & Communication) will now all be CEOs and will be located in the same locale - the new Boeing Corporate Center. With divisions in Seattle, Long Beach, St. Louis, and Philadelphia, logisitically Dallas, Denver and Chicago are logical options.

This has NOTHING to do with moving their operational facilities...so why is evryone, including the media making such a hoopla about it?

What about these new high performance commercial aircraft Boeing is studying? Much more interesting.

Travis
 
N628AU
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RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 7:31 pm

Personally, it is sick, but it is just the corporate office. Life will go on.
 
Guest

RE: Per CNN, Boeing To Leave Seattle

Thu Mar 22, 2001 9:20 pm

My GUESS is DEN. Boeing will have a hard time getting support from managers who are used to the Cascades but being asked to relocate to flat and open DFW or ORD. In fact, I understand this geographical consideration is what drew many young engineers to SEA-Boeing in the first place.

Sorry, DFW...  Smile
 
Guest

RE: Per CNN, Boeing To Leave Seattle

Fri Mar 23, 2001 2:20 am

I am not sure than any engineers would be moving. It is only the headquarters staff that is relocating out of SEA while the commercial aircraft division is remaining in the Puget Sound area.

Beyond that, I suspect that Texas' no personal income tax will make anyone moving with Boeing forget what the big deal about mountains was anyway.

Sorry DEN.
 
flashmeister
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RE: Per CNN, Boeing To Leave Seattle

Fri Mar 23, 2001 2:32 am

My take on the multi-CEO issue:

Boeing has historically been a series of separate units. BCAG, the DoD operations, Space, Data, etc. They're evolving toward a 'business unit' model, since they are as close to an Aerospace-Conglomerate as one can get.

This way, too, if they decide to spin off to four companies with a single holding companies, as has been popular as of late (Lucent, AT&T, SBC, etc.), the tracks will have been laid.

If Boeing was so concerned with taxation, they would have fled Washington and California already. I personally think that Denver will be the target, since Colorado has already made it clear that they're out for the corporate HQs and large campuses. Sun Microsystems has recently opened a huge campus there, they bent over backwards to keep AT&T Broadband there, etc etc etc.

Quality of life in Seattle is more similar to Denver (sans traffic) than Dallas or Chicago. Denver officials will do anything -- anything -- to get Boeing there.

What I think would be hilarious is for the Boeing Corporate Campus to be near DIA (which it probably will be), right across from Frontier's new campus, to remind them that while they may be Airbii-smitten, they can't ever get very far from Boeing  Smile
 
Guest

RE: Per CNN, Boeing To Leave Seattle

Fri Mar 23, 2001 8:09 am

I wonder if the earthquake a few weeks ago had something to do with this decision to relocate. Heard that there was some damage done to some of the facilities at Boeing Field.
 
Guest

RE: Per CNN, Boeing To Leave Seattle

Fri Mar 23, 2001 8:16 am

>Beneficial corporate tax structures

The Boeing Co. will be taxed by Washington State, not by the state corporate offices are moved to.

>No personal income tax

None here either.

>DFW airport

Your point being? We have SEA, BFI, RNT, and PAE here.

>DFW Metroplex within 4 hours from virtually anywhere in the US + great connections abroad

Really helps for those conference calls, huh?

>Home of the Texas Rangers

You KNOW the M's will take the AL West this year- lol.  Big grin
>American Airlines - All Boeing
>Southwest Airlines - All Boeing
>Continental Airlines - All Boeing

Don't see your point. Boeing Commerical Airplane Co. will remain headquartered in Renton, WA.

>NASA

?

>Great weather, plenty of sunny days

?


From what Boeing has listed as what it wants from a prospective new home, Seattle has all of it.


>This has NOTHING to do with moving their operational facilities...so why is evryone, including the media making such a hoopla about it?

Not living in Seattle, I can see why you wouldn't understand.
What are the cities Boeing wants to move the corp HQ to? DFW, DEN, or ORD. Does Boeing have any substantial operations in any of those cities? No. The general feeling of the employees, unions, citizens, and lawmakers is that Boeing is moving the top brass out of town as a gradual pull-out from Seattle. First its the CEO. Then its the engineers at Longacres. Then its the 737/757 manufacturing line. Then... well you get the idea. If the CEO moves out of town, he is a lot more unaccessable by the employees. Before he was across E Marginal Way. Now he's across the country.

And I'd put money on it being DFW- Phil Condit wants to move production south of the border where it is cheap.
Screw the millions of Seattleites and Washingtonians who depend on you, why don't you?

There was an emergency shareholder meeting here today- I wish I could have gone.