Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Mcdonnell's New Pilot Is Raring To Go

In Business This Week: HEADLINER

Mcdonnell's new pilot is raring to go

Harry Stonecipher is an impatient man. In a meeting at Sundstrand, where he held the top spot until he was named McDonnell Douglas' new chief executive on Sept. 26, Stonecipher sat quietly as executives debated how long they would take to implement a new strategy. Frustrated, he finally interrupted: "While you guys are sitting there looking at your calendars, I'm looking at my watch."

That sense of urgency caught McDonnell Chairman and CEO John McDonnell's eye. "We need to get to the next level," he says. "I believe [Stonecipher] will be a better leader than I would be." The new ceo has his work cut out for him. Although McDonnell earned $396 million last year, before special charges, it faces a new challenge in its core fighter-aircraft business. Meanwhile, it must figure out what to do with its underperforming commercial-aircraft division.

The 58-year-old former General Electric executive may be just what McDonnell needs. Stonecipher insulated Sundstrand from defense cuts by diversifying into new commercial businesses. McDonnell, he says, is "an opportunity for me to make a mark."EDITED BY KEITH H. HAMMONDS By Kevin Kelly

blog comments powered by Disqus