Wednesday, September 29, 2010

The tale of Boeing's high-risk flight into the jet age

Bill Allen, right, proudly shows off the new Dash-80, the prototype for the 707, to company founder Bill Boeing in 1954. Boeing, irate about a New Deal measure that broke up his aircraft and airline empire, yielded active management of the company in 1934, and held not a penny of Boeing company stock when he died in 1956.