Harry Stonecipher Net Worth is$16 Million
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Date of Birth: May 16, 1936
Country: United States of America
Harry Stonecipher was once the President and CEO of McDonnell Douglas and Boeing and has a net worth of $16 million. Harry Stonecipher earned his net worth through his career as President and CEO in several companies. He was born in Robbins Tennessee.
Harry C. Stonecipher (born May 16, 1936, Robbins, Tennessee) is a former President and Chief Executive of American aerospace companies McDonnell Douglas and, later, Boeing. Stonecipher orchestrated the merger between McDonnell Douglas and Boeing, and was widely credited with the resurgence of Boeing. After a long and distinguished career, Stonecipher was forced to resign at Boeing following the disclosure of his longtime consensual affair with a fellow Boeing employee, who was not a direct report and whom he later married. In October 2010, Stonecipher agreed to join the Board of Directors of iControl Systems USA, LLC., a privately-held company providing data management and accounts payable outsourcing to major American retailers.
Stonecipher was born in Robbins, Tennessee. In 1960, he graduated with a Bachelor of Science degree in physics at the Tennessee Technological University.
Stonecipher began his career at General Motors' Allison Division, where he worked as a lab technician. He moved to General Electric's large engine division in 1960, and began to progress up the ranks. He became a vice president at GE in 1979, then a division head in 1984. In 1987 he left for Sundstrand, where he became president and CEO in 1989.
In September 1994, Stonecipher was elected President and CEO of McDonnell Douglas, holding this post until its merger with Boeing in 1997. During this period he became much more of a public figure, and even began hosting the company's quarterly video report 90 Days. He remained on the board following the successful completion of that transaction, serving as president and COO (chief operating officer). In 2001, he was elected vice chairman and retired the next year, while continuing to serve on the board as vice chairman.
Stonecipher came out of retirement to lead Boeing, following the resignation of Chairman and CEO Phil Condit in December 2003 over scandals over defense procurement. These scandals surrounded allegations of stolen docu

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Harry Stonecipher Latest News

Tanker deal key to Boeing 767 line’s fate

Wichita? Boeing Co. will decide by midyear whether to halt production on its 767 assembly line, which needs a Pentagon contract for air-refueling tankers to stay in business, chief executive Harry ...
Posted: May 4, 2019, 5:00 pm

Former Boeing Engineers Say Relentless Cost-Cutting Sacrificed Safety

It wasn’t going well—costs rose, production lines bottlenecked—and Condit had tapped the former McDonnell Douglas CEO Harry Stonecipher to fix operations. What managers heard at the retreat was a kind ...
Posted: May 8, 2019, 9:01 pm

The 12 Most Explosive Office Affairs Since Bill and Monica

Boeing CEO Harry Stonecipher was dismissed after admitting to an affair with Debra Peabody, vice-president for operations and commercial activities. They first met at Boeing's annual executive retreat ...
Posted: July 6, 2011, 9:27 pm
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