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Boeing CEO Likely Under Pressure As Dreamliner Delayed Again

Aviation Week says that deliveries of the 787 Dreamliner will be delayed again which should put more pressure on CEO W. James McNerney, Jr. to resign. He joined the company on July 1, 2005. That is about the time that development of…

By Douglas A. McIntyre
Published November 6, 2010, 8:16am ET · 1 min read

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Aviation Week says that deliveries of the 787 Dreamliner will be delayed again which should put more pressure on CEO W. James McNerney, Jr. to resign. He joined the company on July 1, 2005. That is about the time that development of the 787 began, so the multiple setbacks that Boeing has had to announce about late deliveries  have all happened while he has been chief executive.

“Boeing has told several of its early 787 customers about delivery delays of up to 10 months”, industry sources told the publication.

Some of the airlines which have expected the delivery of the plane on its original schedule may have claims against Boeing. They have counted on its fuel efficiency and large capacity to help their profits.

It is time that McNerney take responsibility for the problems and step down.

Douglas A. McIntyre

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Douglas A. McIntyre

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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