Table: Harry Stonecipher Profile
| Category | Information |
|————|—————————|
| Net Worth | $16 million |
| Salary | N/A |
| Birthdate | May 16, 1936 |
| Birthplace | Robbins, Tennessee |
| Gender | Male |
| Height | N/A |
| Profession | Former CEO of McDonnell Douglas and Boeing |
| Nationality| American |
What is Harry Stonecipher’s Net Worth?
Harry Stonecipher, the former president and chief executive of American aerospace companies McDonnell Douglas and Boeing, has a net worth of $16 million dollars.
Highlights
– Former president and CEO of McDonnell Douglas and Boeing
– Graduated with a Bachelor of Science degree in physics from Tennessee Technological University
– Worked as a lab technician and was mentored by Jack Welch at General Motors
– Served as vice president and division head at General Electric
– Became president and CEO of Sundstrand
– Elected president and CEO of McDonnell Douglas in 1994
– Led Boeing from late 2003 until his resignation in 2005
Early Life
Harry Stonecipher was born on May 16, 1936, in Robbins, Tennessee. In 1960, he graduated with a Bachelor of Science degree in physics from Tennessee Technological University.
Career
Stonecipher began his career at General Motors, where he worked as a lab technician and had the opportunity to be mentored by Jack Welch, a renowned business executive. He later moved to General Electric’s Large Engine Division and gradually climbed the ranks. Stonecipher became a vice president at GE in 1979 and then a division head in 1984.
In 1987, Stonecipher joined Sundstrand as president and CEO, establishing himself as a capable leader in the aerospace industry.
September 1994 marked a significant turning point in Stonecipher’s career when he was elected president and CEO of McDonnell Douglas, a prominent American aerospace manufacturer. He held this position until McDonnell Douglas merged with Boeing in 1997.
After a brief retirement, Stonecipher returned to the industry to lead Boeing in late 2003. However, on March 6, 2005, Stonecipher resigned at the request of the Boeing Board of Directors due to an improper relationship with a female Boeing executive. The internal investigation revealed a “consensual” relationship that raised concerns about Stonecipher’s ability to effectively lead the company. This incident also led to his wife of 50 years, Joan Stonecipher, filing for divorce shortly after.
Personal Life
Harry Stonecipher was married to Joan Stonecipher for 50 years before their divorce following the revelation of his affair with a female Boeing executive. Further personal details regarding his personal life are not available.
Net Worth Over Time
Stonecipher’s net worth is estimated at $16 million dollars. It is important to note that net worth figures are calculated using data drawn from public sources, and though efforts are made to ensure accuracy, they are only estimates unless otherwise indicated.
Components of Net Worth
Stonecipher’s net worth includes his earnings from his various roles throughout his career, particularly during his time as president and CEO of McDonnell Douglas and Boeing. Additionally, investments, real estate holdings, and other assets also contribute to his overall net worth.
In conclusion, Harry Stonecipher, with a net worth of $16 million dollars, has had a successful career in the aerospace industry. From his early days at General Motors to leading Boeing, Stonecipher’s journey has been marked by accomplishments and setbacks alike. While his improper relationship led to a significant personal and professional downfall, Stonecipher’s contributions to the industry are notable.