Boeing's McNerney: 'Digging Out of a Hole'

After a long silence, Boeing CEO James McNerney admits the company may have moved "a little too far, too fast" on the 787 Dreamliner
Scott Carson, president and CEO of Boeing Commercial Airplanes at the Third Aviation and Environment Summit in Switzerland on Apr. 22, 2008 Justin Hession/Getty Images for ACI

As Boeing (BA) has suffered repeated delays on its much-ballyhooed 787 Dreamliner commercial jet, some company insiders and Wall Street analysts have wondered why CEO James McNerney hasn't been more visible. In fact, this week McNerney took an unusual step, writing a heartfelt memo to employees on Monday, Apr. 21. In it, he acknowledged the company may have gone out a "little too far, too fast" on the advanced-technology jet, and talked up a visit he made last week to its assembly line in Everett, Wash.

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