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Walter James "Jim" McNerney Jr. [2] (born August 22, 1949 in Providence, Rhode Island) is a business executive who was chairman of The Boeing
Boeing
Company until March 1, 2016.[3][4][5] He previously served as President and CEO of the company until July 2015.

Contents

1 Education 2 Career

2.1 Boeing 2.2 Positions

3 References 4 External links

Education[edit] McNerney was born in Providence, Rhode Island. He graduated from New Trier High School in Winnetka, Illinois
Illinois
in 1967.[6][7] He attended Yale University, receiving a B.A. degree in 1971. While at Yale, he was a member of Delta Kappa Epsilon
Delta Kappa Epsilon
Fraternity. At Yale, he excelled in baseball and hockey. After graduating from Yale, he worked for a year at both British United Provident and G.D. Searle, LLC, then attended Harvard Business School, receiving a Master of Business Administration in 1975.[8] Career[edit] McNerney began his business career at Procter & Gamble in 1975, working in brand management.[9] He worked as a management consultant at McKinsey from 1978 to 1982. McNerney joined General Electric
General Electric
in 1982. There, he held top executive positions including president and CEO of GE Aircraft Engines and GE Lighting; president of GE Asia-Pacific; president and CEO of GE Electrical Distribution and Control; executive vice president of GE Capital, one of the world's largest financial service companies; and president of GE Information Services. McNerney competed with Bob Nardelli and Jeff Immelt
Jeff Immelt
to succeed the retiring Jack Welch
Jack Welch
as chairman and CEO of General Electric. When Immelt won the three-way race, McNerney and Nardelli left GE (as was Welch's plan); McNerney was hired by 3M in 2001. From 2001 to 2005, McNerney held the position as chairman of the board and CEO of 3M, a $20 billion global industrial company with leading positions in electronics, telecommunications, industrial, consumer and office products, health care, safety and other businesses. Boeing[edit] On June 30, 2005 The Boeing
Boeing
Company hired McNerney as the Chairman, President and CEO. McNerney oversaw the strategic direction of the Chicago-based, $61.5 billion aerospace company. With more than 160,500 employees, Boeing
Boeing
is the largest manufacturer of commercial airliners and military aircraft, with capabilities in aircraft, rotorcraft, electronic and defense systems, missiles, satellites and advanced information and communications systems.

Compensation

In 2007, as CEO of Boeing, W. James McNerney Jr. made $12,904,478 in total compensation, which included a base salary of $1,800,077, a cash bonus of $4,266,500, options granted of $5,871,650, and Other $966,251.[10] In 2008, his total compensation increased to $14,765,410, which included a base salary of $1,915,288, a cash bonus of $6,089,625, and options granted of $5,914,440.[11] In 2009, his total compensation decreased to $13,705,435, which included a base salary of $1,930,000, a cash bonus of $4,500,300, stock options granted of $3,136,251, stock granted of $3,136,242, and other compensation totaling $1,002,642.[11] In 2013, McNerney made $23.2 million in total compensation, which included a $1.9 million salary, $3.7 million stock award, $3.7 million stock option grant, and an annual incentive bonus of $12.8 million.[12] In 2014, as Chairman
Chairman
and CEO of Boeing, McNerney made $29 million in total compensation.[13] Of the total: $2,004,231 was received as a salary; $14,400,000 was received as an annual bonus and a 3-year performance bonus;[13] $6,272,517 was awarded as stock (none was received in stock options); and other compensation totaling $760,000.[13][14] Positions[edit] McNerney had been a member of the Boeing
Boeing
board of directors since 2001. He is also a member of the board of directors of Procter & Gamble and IBM. He served as Chairman
Chairman
of The Business Council in 2007 and 2008.[15] He is a current member of the Northwestern University Board of Trustees, is a Trustee at the Center for Strategic and International Studies[16] and served as Chairman
Chairman
of the President's Export Council, appointed by President Barack Obama.[17] In December 2016, McNerney joined a business forum assembled by then president-elect Donald Trump to provide strategic and policy advice on economic issues.[18]

Career path

Job Tenure Company Position

1975–1978 Procter & Gamble Brand Manager

1978–1982 McKinsey & Company Senior Manager

1982–1988 GE Mobile Communications General Manager

1988–1989 GE Information Services President

1989–1991 GE Financial Services and GE Capital Executive Vice President

1991–1992 GE Electrical Distribution and Control President and CEO

1993–1995 GE Asia-Pacific President

1995–1997 GE Lighting President

1997–2000 GE Aircraft Engines President and CEO

2000–2005 3M President and CEO

2005–2015 The Boeing
Boeing
Company Chairman, President and CEO

References[edit]

^ "America's Greediest: The 2013 Top Ten". Inequality.org. Retrieved June 24, 2015.  ^ Adams, Marilyn (February 26, 2007). "Straightened up and flying right". USA Today. Retrieved 15 July 2012.  ^ " Boeing
Boeing
Holders Vote on CEO- Chairman
Chairman
Split Amid 787 Woes". Bloomberg.  ^ https://www.cnbc.com/id/102782300 ^ http://investors.boeing.com/investors/investor-news/press-release-details/2016/Muilenburg-Elected-Chairman-of-Boeing-Board-of-Directors/default.aspx ^ "The Hard Work In Leadership". BusinessWeek. Archived from the original on December 19, 2007. Retrieved September 30, 2007.  ^ "Lofty expectations await Boeing
Boeing
CEO". Crain's Chicago
Chicago
Business. Retrieved September 30, 2007.  ^ Strahler, Steven R. (July 4, 2005). "Lofty expectations await Boeing's CEO; McNerney a boost to faded civic arena.(W. James McNerney Jr. appointed as chairman and chief executive officer)". Crain's Chicago
Chicago
Business.  ^ Steady Hand, Aviation Week & Space Technology, 170, 24 (June 15, 2009), p. 78 ^ 2007 CEO Compensation for W. James McNerney Jr, Equilar.com ^ a b "Equilar - 404". equilar.com. Retrieved June 24, 2015.  ^ USA Today: "Compensation for Boeing
Boeing
CEO McNerney soars in 2013"; by Gary Strauss; 14 March 2014. ^ a b c Seattle Times: " Boeing
Boeing
CEO’s compensation $29M, including $14M bonuses"; by Dominic Gates; 13 March 2015. ^ Salary.com: 2014 Boeing
Boeing
executive compensation for W. James McNerney . accessed 7.17.2015. ^ The Business Council, Official website, Background Archived March 3, 2016, at the Wayback Machine. ^ "Board of Trustees".  ^ Carney, Timothy (2011-04-24) Boeing
Boeing
lives by big government, dies by big government, Washington Examiner. ^ Bryan, Bob (2 Dec 2016). "Trump is forming an economic advisory team with the CEOs of Disney, General Motors, JPMorgan, and more". Business Insider. Retrieved 1 June 2017. 

External links[edit]

W. James McNerney, Jr. executive biography Appearances on C-SPAN

Business positions

Preceded by James A. Bell CEO of Boeing 2005–2015 Succeeded by Dennis Muilenburg

v t e

Boeing

Companies

Boeing
Boeing
Aircraft Holding Company Boeing
Boeing
Australia Boeing
Boeing
Canada Boeing
Boeing
Capital Boeing
Boeing
Commercial Airplanes Boeing
Boeing
Defense, Space & Security Boeing
Boeing
Phantom Works Boeing
Boeing
Rotorcraft Systems Boeing
Boeing
UK HRL Laboratories Jeppesen McDonnell Douglas Narus Spectrolab United Launch Alliance

People

William M. Allen James A. Bell John H. Biggs William Boeing John Bryson Arthur D. Collins Jr. Philip M. Condit William M. Daley Kenneth Duberstein Lynn Good Edgar Gott Philip G. Johnson Caroline Kennedy John McDonnell James McNerney Susan Schwab Frank Shrontz Harry Stonecipher Malcolm T. Stamper Thornton Wilson Mike S. Zafirovski

Projects

BCT Modernization Boeing
Boeing
Black Boeing
Boeing
7x7 series Boeing
Boeing
hydrofoils Boeing
Boeing
Jetfoils Connexion by Boeing Future Combat Systems

Facilities

Boeing
Boeing
Everett Factory Boeing
Boeing
Plant 1 Boeing
Boeing
Plant 2 Boeing
Boeing
Renton Factory Boeing
Boeing
South Carolina Boeing
Boeing
Store Future of Flight Aviation Center & Boeing
Boeing
Tour Michoud Assembly Facility Plant 42

Other

Boeing
Boeing
strike of 1948 Boeing
Boeing
Technical Fellowship Competition between Airbus and Boeing

v t e

Procter & Gamble

People

Norman R. Augustine Clarence Gamble James Gamble A.G. Lafley Lynn Morley Martin James McNerney William Procter William Cooper Procter John F. Smith Jr. Ralph Snyderman Meg Whitman Ernesto Zedillo

Brands

Always Ambi Pur Ariel Aussie Bold Bonux 3 in 1 Bounty Braun Camay Charmin Cheer Clairol CoverGirl Crest/Blend-A-Med Dawn DayQuil Daz Downy Dreft Eukanuba Fairy Febreze Gain Gillette Gleem Head & Shoulders Herbal Essences Iams Ivory Joy Luvs Max Factor Metamucil Mr. Clean Nice 'n Easy NyQuil Olay Old Spice Oral-B Pampers Pantene Pepto-Bismol Puffs Safeguard Secret SK-II Scope Swiffer Tampax Tide Vicks Wella more...

Related

Arbora & Ausonia Joint Venture Baltimore Plant BeingGirl Chemicals Decision Earth Hankook P&G MDVIP PG Tips Port Ivory Pringles Procter & Gamble Co. v. OHIM Tyneside Procter & Gamble Philippines Consumption of Tide Pods

v t e

IBM

History

History of IBM Mergers and acquisitions Think (motto) Operating Systems

Products

Cell microprocessor Mainframe Personal Computer IBM
IBM
Power Systems Information Management Software Lotus Software Rational Software SPSS ILOG Tivoli Software: Service Automation Manager WebSphere alphaWorks Criminal Reduction Utilising Statistical History Mashup Center PureQuery Redbooks FlashSystem Fortran Connections

Business entities

Center for The Business of Government Cloud computing Global Services International subsidiaries jStart Kenexa Research The Weather Company
The Weather Company
(Weather Underground)

Facilities

Towers

1250 René-Lévesque, Montreal, QC One Atlantic Center, Atlanta, GA

Software Labs

Rome Software Lab Toronto Software Lab

IBM
IBM
Buildings

330 North Wabash, Chicago, IL Johannesburg Seattle

Research Labs

Africa Almaden Austin Laboratory Australia Brazil China Laboratory Haifa Laboratory India Laboratory Ireland Thomas J. Watson
Thomas J. Watson
Center, New York Tokyo Zurich Laboratory

Facilities

Hakozaki Facility Yamato Facility

Cambridge Scientific Center IBM
IBM
Hursley Canada Head Office Building IBM
IBM
Rochester Somers Office Complex

Initiatives

Academy of Technology Centers for Advanced Studies: CASCON Deep Thunder IBM
IBM
Fellow Pulse conference The Great Mind Challenge DeveloperWorks: Develothon Linux Technology Center IBM
IBM
Virtual Universe Community Smarter Planet World Community Grid

Inventions

Automated teller machine Electronic keypunch Hard disk drive Floppy disk DRAM Relational model Selectric typewriter Financial swaps Universal Product Code Magnetic stripe card Sabre airline reservation system Scanning tunneling microscope

Terminology

Globally Integrated Enterprise Commercial Processing Workload Consumability e-business

CEOs

Thomas J. Watson
Thomas J. Watson
(1914–1956) Thomas Watson Jr.
Thomas Watson Jr.
(1956–1971) T. Vincent Learson
T. Vincent Learson
(1971–1973) Frank T. Cary (1973–1981) John R. Opel (1981–1985) John Fellows Akers (1985–1993) Louis V. Gerstner Jr.
Louis V. Gerstner Jr.
(1993–2002) Samuel J. Palmisano
Samuel J. Palmisano
(2002–2011) Ginni Rometty
Ginni Rometty
(2012–present)

Board of directors

Alain Belda William R. Brody Kenneth Chenault Michael L. Eskew David Farr Shirley Ann Jackson Andrew N. Liveris James McNerney James W. Owens Samuel J. Palmisano Virginia M. Rometty Joan E. Spero Sidney Taurel Lorenzo Zambrano

Other

A Boy and His Atom Common Public License/ IBM
IBM
Public License Customer engineer Deep Blue Deep Thought Dynamic infrastructure GUIDE International IBM
IBM
and the Holocaust IBM
IBM
international chess tournament Lucifer cipher Mathematica IBM
IBM
Plex SHARE computing ScicomP Watson Quantum Experience

Authority control

WorldCat Identities VIAF: 48700238 LCCN: n20080455

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