Boeing’s Board of Directors approved the launch of the re-engined 737 MAX on August 30, 2011, abandoning plans to develop an entirely new aircraft design. The decision came after Airbus launched the A320neo in December 2010 and captured 1,029 orders by June 2011, including a historic defection …
Boeing Board of DirectorsJim McNerneyAmerican AirlinesAirbusCFM Internationalboeing737-maxairbuscost-cuttingcorporate-strategy+1 more
In the context of the 1998 Asian Financial Crisis, multinational organizations like McKinsey, the IMF, and World Bank recommended aggressive corporate restructuring strategies for Southeast Asian economies. The recommendations focused on financial sector reforms, governance improvements, and policy …
McKinsey & CompanyIMFWorld BankMultinational Corporationsasian-financial-crisiscorporate-strategyeconomic-interventionmarket-restructuringimf-policy+1 more
The U.S. Chamber of Commerce Board of Directors formally adopts recommendations from a 40-member task force of business executives convened to review and implement Lewis Powell’s 1971 memo. The task force, comprised of executives from U.S. Steel, General Electric, ABC, General Motors, CBS, 3M, …
U.S. Chamber of CommerceEugene B. Sydnor Jr.Lewis F. Powell Jr.powell-memocorporate-strategyinstitutional-capturebusiness-coordination
Syndicated columnist Jack Anderson publishes the confidential Powell Memo in his “Washington Merry Go Round” column, exposing Lewis Powell’s August 1971 corporate blueprint for institutional capture to public scrutiny. The leak occurs over a year after Powell wrote the memo and …
Jack AndersonLewis F. Powell Jr.U.S. Chamber of Commercepowell-memocorporate-strategyinstitutional-capturemedia-exposure
Corporate lawyer Lewis Powell drafts a confidential 34-page memorandum to Eugene B. Sydnor Jr., Chair of Education Committee of U.S. Chamber of Commerce, titled “Attack On American Free Enterprise System.” This document provides a comprehensive, systematic blueprint for corporate capture …
Lewis F. Powell Jr.Eugene B. Sydnor Jr.U.S. Chamber of CommerceNixon Administrationpowell-memocorporate-strategyjudicial-capturebusiness-blueprintdemocracy-capture
General Motors and the United Auto Workers sign a landmark five-year contract on May 23, 1950, that Fortune magazine christens the “Treaty of Detroit.” The agreement provides unprecedented wage increases and benefits but requires the UAW to abandon demands for a voice in corporate …
General MotorsUnited Auto WorkersWalter ReutherCharles Wilsonlabor-policycorporate-strategyunion-containmentwagescollective-bargaining