Earlier quoted context omitted.
I would think the whole Boeing saga would disabuse you of that notion. Boeing put the bean counters in charge because it made their stock price go up . Of course, it goes up until the corners you cut to juice short term profitability cause something catastrophic to happen, like the multiple 787-max crashes, the door plug blowout, etc. By the time the bad stuff happens, the original decision makers are usually drinkin…
This kind of snark in the comments is always a bit weird. His pension alone is worth upwards of $40 or $50 million, plus he got paid over $20 million in 2013 and 14. He isn't particularly famous or well-known. Do you think his book royalties are even one percent of his net worth?
1. No, I don't think the book royalties made a lick of difference to McNerney's net worth - in fact, he probably doesn't get any royalties, as it was just a fawning biography, not an autobiography. Instead, the fact that he made did make millions as CEO juicing the stock price, while actually putting in place the root causes for Boeing's subsequent downfall, is what I meant by "the original decision makers are usually drinking pina coladas on a beach somewhere".
2. I brought up the book because it's the height of irony for his biography being about what a great manager he is. The title of the book is "You Can't Order Change: Lessons from Jim McNerney's Turnaround at Boeing". Yeah, turnaround all right, just not in the direction intended by the author.