Boeing Cuts Its Altitude As The Clouds Roll In

The timing was mere coincidence. But when Boeing Co. announced massive production cuts on the same day that IBM Chairman John F. Akers agreed to step down, one had to wonder: Is Boeing, too, a U. S. titan that has lost its grip? Its steeper-than-expected production cuts, announced on Jan. 26, and the likely loss of 20,000 jobs made that seem possible.

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