Boeing Investors Can’t Bank on a GE-Style Windfall: Thomas Black

Imagine a game show host whips out a card sometime in the near future and reads:

“This pioneering manufacturing company is a conglomerate that’s mostly a commercial aerospace company that had been beaten down by missteps and burdened by debt. It required a talented executive to turn around manufacturing operations and unlock tremendous value for its shareholders. Name this company.”

A contestant could be forgiven for guessing Boeing Co., but the correct answer would be General Electric Co., and the talented executive is Larry Culp. The description certainly lines up with Boeing’s current circumstance. The only catch is that Boeing ...