How Boeing eases return to office for its top brass
investment bankers and ratings firms in New York City. Boeing’s space leased for more than $100,000 a year, according to CoStar, an outside real-estate data firm. It’s unusual but not unheard of for a CEO to live and work remotely far from the home office.
Still, Peter Cappelli, a management professor at the University of Pennsylvania’s Wharton School and author of a recent book about remote work, “The Future of the Office," said it’s out of step with the general messaging from corporate America that encourages employees to return to the office. “If you want people to come back and you’re not doing it, that really undermines the message," Cappelli said. Boeing appears to be an outlier among its peers.
At rival Airbus, CEO Guillaume Faury regularly works from the European plane maker’s headquarters in Toulouse, France, when he isn’t traveling for work, a spokesman said. Small-plane and helicopter maker Textron requires all its white-collar employees to be at the office full-time, and CEO Scott Donnelly works from the company’s Providence, R.I., headquarters, a spokesman said. Lockheed Martin said CEO Jim Taiclet spends about half his time working from the company’s headquarters in Bethesda, Md., and has a nearby residence but uses company aircraft to travel to another home.
Calhoun, a former General Electric executive and longtime Boeing director, became Boeing’s CEO in early 2020. The board appointed him to succeed Dennis Muilenburg and help the company navigate the fallout from two crashes of its 737 MAX in 2018 and 2019, which took 346 lives. Shortly after he became CEO, Calhoun bought a condo in Chicago near the company’s then-headquarters.
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