All
← Back to Squawk list
Boeing to move headquarters from Chicago to Virginia
- Boeing said on Thursday May 5 it will move its headquarters from Chicago to Arlington, Virginia, as the crisis-plagued U.S. planemaker works to repair relationships with customers, federal regulators and lawmakers. - The move to Arlington — across the Potomac River from the U.S. capital — will also include plans by Boeing to develop a research and technology hub in the area. - Boeing said it will maintain a significant presence at its Chicago location and surrounding region. (www.cnbc.com) More...Sort type: [Top] [Newest]
I was told by a Partner at Perkins Coie (Boeing’s Lawyers) that the move to Chicago was prompted by the wife of the then CEO. As told to me, she was a big fan of the Chicago Symphony Orchestra and the cosmopolitan lifestyle that Chicago offered over Seattle and other cities hoping to snare Boeing’s HQ move. What was overlooked was the fact that they parachuted the Company right into the jurisdiction of Cook County an infamous ‘Judicial Hell Hole’ (widely known in legal circles) where the judges and jury are notoriously ‘pro Plaintiff and where the then majority of Aviation Plaintiff lawyers practiced - it was gift from heaven to them as they didn’t have to fight jurisdiction (forum non-conveniens) to issue against Boeing - they were their right in the backyard, ready to be plucked, so to speak.
Maybe a lack of faith in Chicago's economic downturn since they shifted there.
https://www.cnn.com/2022/05/09/business/boeing-headquarters-move/index.html
Boeing now poised to make the same mistake in 2022 that was made in 2001. Moving away from Renton Washington their original base has proved unwise. Now they are doing it again. Net, more facility cost when lack quality control and engineering should be their focus.
Very interesting and surprising.
Great job Boeing.