W. James McNerney, Jr., Chairman and CEO, The Boeing Company, made news when he told the Economic Club during an appearance on July 29 that the company is exploring the possibilities of moving "key pieces" of its operations out of the United States because of the uncertain future of the Export-Import Bank. Congress failed to renew the bank’s charter on June 30. In a conversation with Economic Club President David M. Rubenstein, Mr. McNerney said that Boeing is actively looking at options in countries that offer export-import credits.
In other news during that conversation, Mr. McNerney announced that Boeing is giving $20 million to the Kennedy Center for its $100 million expansion project. President Rubenstein also is Chairman of the Kennedy Center Board and made the lead gift of $50 million to the Kennedy Center capital campaign. Mr. McNerney has been a member of the Kennedy Center board since May.
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