Harry Stonecipher is the former President and Chief Executive Officer of McDonnell Douglas and Boeing with an estimated net worth of $16 million. Born Harry C. Stonecipher on May 16, 1936 in Robbins, Tennessee, he earned his degree in Bachelor of Science in physics from the Tennessee Technological University in 1960.
Stonecipher has accumulated his estimated net worth of $165 million when he worked as a lab technician at the Allison Division of General Motors. He then moved to the Large Engine Division of General Electric where he began to come up through the ranks. He was named the vice president of GE in 1979 and the division head in 1984. He left GE in 1987 and went to Sundstrand where he was named the president and CEO in 1989.
In September 1994, Harry Stonecipher was elected president and CEO of McDonnell Douglas until 1997 when the company merged with Boeing. He also became the president and chief operating officer (COO) of the firm. He was elected the vice chairman in 2001 but resigned the following year though he remains to serve on the board as vice chairman. He came out of retirement to lead Boeing after Chairman and CEO Phil Condit resigned in December 2003. On May 6, 2005, he submitted his recognition upon the request of the Board of Directors after an improper relationship with Boeing executive Debra Peabody.