Seattle used to be a company town. One company. Boeing. The names were almost synonymous. But in 2001, under new leadership, the company relocated its headquarters to Chicago with the disingenuous explanation that it was closer to the big financial centers. In truth, it was a renegade takeover by executives from McDonnell Douglas, the financially troubled company Boeing had rescued and purchased three years earlier. It was a case of corporate sleight of hand. Overnight an aircraft manufacturing juggernaut was transformed into a financial services company slavishly pandering to Wall Street’s emphasis on shareholder value.
