Boeing 2005 Annual Report Download - page 8

“In short, we are molding the kind of leaders we
want to take us into the future — leaders who are
not merely equal to, but better than, the leaders of
today. As our people grow, so will Boeing.”
expect it, measure it and
reward it.
In order to ensure that we
engage every person in the
company, we have defined a
set of attributes that personal-
ize the behaviors we expect
our leaders to embody: chart
the course, set high expecta-
tions, inspire others, find a way,
live the Boeing values and
deliver results. We are in the
process of embedding these
simple but powerful expecta-
tions into our human resources
systems and processes. Over
the next two years, we will
implement a compensation
approach whereby we measure
our leaders against both per-
formance goals and leadership
attributes — and reward them
accordingly. In short, we are
molding the kind of leaders we
want to take us into the future
— leaders who are not merely
equal to, but are better than,
the leaders of today. As our
people grow, so will Boeing.
In going forward, there will be
no tradeoff between perform-
ance and values at Boeing;
we expect our people to
demonstrate both. I have
called upon all of the leaders
of this company to make
ethics and compliance a regu-
lar topic of conversation with
all of their people. Today’s
governance and regulatory
world impacts all companies,
and the best companies will
figure out how to make a
competitive strength out of
managing ethics and compli-
ance as a process — just as
they do in managing the qual-
ity of their products. As with
quality, you have to earn your
way every day. We intend to
make ethics and compliance a
Boeing strength.
In Closing
No account of the year would
be complete without acknowl-
edging our gratitude to Lewis
E. Platt. Lew rendered im-
mense service to Boeing as a
long-serving board member
and the company’s non-
executive chairman from
December 2003 through July
2005. I can think of no busi-
ness leader who better exem-
plified the connection between
values and valor. Both come
from same root — the Latin
word for strength. As much as
we mourn his passing, we
take inspiration from his life
and example.
Boeing is celebrating its 90th
anniversary in 2006. It reminds
me that there are a significant
number of people like Lew
who have left us the rich
legacy that we have the privi-
lege of carrying forward. I’m
impressed not only with the
history that precedes us, but
also with the tremendous
opportunities that lie ahead.
We look to the future with the
confidence that comes from
knowing that our businesses
are well positioned in healthy
markets, with every expecta-
tion of continued strong growth
in the years ahead. With the
initiatives that we have
launched, we are focused on
driving performance to new
levels. The Boeing Company
aspires to deliver financial
results that match the quality of
our people and our technology,
which is a meaningful im-
provement from where we are
today. Our abiding goal is to
deliver the greatest value to our
customers and shareholders.
Jim McNerney
Chairman, President and
Chief Executive Officer
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