Trouble in Boeing's Executive Ranks

You may want to change the name on the envelope containing your final incentive offer to Boeing.

The Boeing Company, its reputation tarnished by charges of ethical misconduct and its share of the aircraft market falling, said yesterday that its chief executive, Philip M. Condit, had resigned. The company, the world's largest aerospace company, called Harry C. Stonecipher, who led the McDonnell Douglas Corporation into a merger with Boeing six years ago, out of retirement to become its new chief executive. Mr. Stonecipher, 67, said his No. 1 priority would be to "restore credibility" with the Defense Department and Boeing's civilian customers.

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