todd.h.blecher

Heavy Executive Stock Sales At Boeing

I was remiss in my first reply in not pointing out that Boeing executives, including Mr. McNerney, don't have a choice in determining how to settle tax obligation associated with stock grants. The company policy is to deduct from a grant the number of shares necessary to settle the taxes.

Todd Blecher
The Boeing Co.
Corporate Communications
Chicago, IL

Heavy Executive Stock Sales At Boeing

The information in this entry is incorrect. Boeing executives Jim McNerney, Jim Albaugh and Laurette Koellner haven't "consistently and exclusively exercised and disposed of very large blocks of stock since the new year." Neither is it correct to conclude that "If they and other executives are personally arriving at the financial departure lounge with this magnitude of disposition then you should assume guidance has been given."

CEO Jim McNerney has made no dispositions this year other than a Jan. 3 transaction in which 9,825 shares were disposed of for tax obligations on a grant of vested shares. Jim Albaugh sold 10,000 shares on Feb. 20, 2007 while Laurette Koellner disposed of roughly 24,000 shares, also in February. Those totals represent small fractions of their overall holdings.

What's more, Mr. McNerney is required to hold Boeing stock equal to six times his base salary, while Albaugh and Koellner are required to hold four times their base salary. All meet those requirements.

As of this week, 14 of the 25 Wall Street analysts following Boeing have buy-equivalent ratings on the stock. The consensus 12-month price target from the 25 analysts is $102 a share.


Todd Blecher
The Boeing Company
Corporate Communications
Chicago, IL

Boeing's Conflicted Future: Why Are Insider Executives Selling?

The information in this entry is incorrect. Boeing executives Jim McNerney, Jim Albaugh and Laurette Koellner haven't "consistently and exclusively exercised and disposed of very large blocks of stock since the new year." Neither is it correct to conclude that "If they and other executives are personally arriving at the financial departure lounge with this magnitude of disposition then you should assume guidance has been given."

CEO Jim McNerney has made no dispositions this year other than a Jan. 3 transaction in which 9,825 shares were disposed of for tax obligations on a grant of vested shares. Jim Albaugh sold 10,000 shares on Feb. 20, 2007 while Laurette Koellner disposed of roughly 24,000 shares, also in February. Those totals represent small fractions of their overall holdings.

What's more, Mr. McNerney is required to hold Boeing stock equal to six times his base salary, while Albaugh and Koellner are required to hold four times their base salary. All meet those requirements.

As of this week, 14 of the 25 Wall Street analysts following Boeing have buy-equivalent ratings on the stock. The consensus 12-month price target from the 25 analysts is $102 a share.


Todd Blecher
The Boeing Company
Corporate Communications
Chicago, IL