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Financialization takes off at Boeing

C. M. Muellerleile, Christopher Muellerleile Orcid Logo

Journal of Economic Geography, Volume: 9, Issue: 5, Pages: 663 - 677

Swansea University Author: Christopher Muellerleile Orcid Logo

DOI (Published version): 10.1093/jeg/lbp025

Abstract

This article examines the 2001 dislocation of the headquarters of the iconic US aerospace company, Boeing, out of the Puget Sound region of the State of Washington, its ancestral manufacturing base. It argues the rationale for the exit was the desire on the part of Boeing's increasingly finance...

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Published in: Journal of Economic Geography
Published: 2009
URI: https://cronfa.swan.ac.uk/Record/cronfa26495
first_indexed 2016-02-24T01:59:56Z
last_indexed 2019-09-25T03:35:33Z
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spelling 2019-09-23T10:45:17.1298160 v2 26495 2016-02-23 Financialization takes off at Boeing 62c8e47d6145081a464eadba0ff5c942 0000-0001-9685-6345 Christopher Muellerleile Christopher Muellerleile true false 2016-02-23 BGPS This article examines the 2001 dislocation of the headquarters of the iconic US aerospace company, Boeing, out of the Puget Sound region of the State of Washington, its ancestral manufacturing base. It argues the rationale for the exit was the desire on the part of Boeing's increasingly finance-focused executives to detach and disembed the ‘brains’ of the company from the product-focused, engineering-based corporate culture embedded in Puget Sound. The article attempts to ground the logic of financialization by examining how it emerged at, and was shaped by one particular company. I employ economic geographers’ conceptions of place-based corporate culture, and societal, territorial and network embeddedness (Hess, 2004, Progress in Human Geography, 28: 165–186) to explain how financialization and corporate dislocation can enable each other. The article also briefly discusses Boeing's eventual decision to re-embed its headquarters in downtown Chicago, Illinois. Journal Article Journal of Economic Geography 9 5 663 677 31 12 2009 2009-12-31 10.1093/jeg/lbp025 This is a pre-copyedited, author-produced PDF of an article accepted for publication in Journal of Economic Geography following peer review. The version of record is available online at: http://joeg.oxfordjournals.org/content/9/5/663 COLLEGE NANME Biosciences Geography and Physics School COLLEGE CODE BGPS Swansea University 2019-09-23T10:45:17.1298160 2016-02-23T14:01:10.8002943 Faculty of Science and Engineering School of Biosciences, Geography and Physics - Geography C. M. Muellerleile 1 Christopher Muellerleile 0000-0001-9685-6345 2 0026495-23092019102919.pdf Boeing-Financializationv2.pdf 2019-09-23T10:29:19.4370000 Output 231271 application/pdf Accepted Manuscript true 2019-09-22T00:00:00.0000000 true eng
title Financialization takes off at Boeing
spellingShingle Financialization takes off at Boeing
Christopher Muellerleile
title_short Financialization takes off at Boeing
title_full Financialization takes off at Boeing
title_fullStr Financialization takes off at Boeing
title_full_unstemmed Financialization takes off at Boeing
title_sort Financialization takes off at Boeing
author_id_str_mv 62c8e47d6145081a464eadba0ff5c942
author_id_fullname_str_mv 62c8e47d6145081a464eadba0ff5c942_***_Christopher Muellerleile
author Christopher Muellerleile
author2 C. M. Muellerleile
Christopher Muellerleile
format Journal article
container_title Journal of Economic Geography
container_volume 9
container_issue 5
container_start_page 663
publishDate 2009
institution Swansea University
doi_str_mv 10.1093/jeg/lbp025
college_str Faculty of Science and Engineering
hierarchytype
hierarchy_top_id facultyofscienceandengineering
hierarchy_top_title Faculty of Science and Engineering
hierarchy_parent_id facultyofscienceandengineering
hierarchy_parent_title Faculty of Science and Engineering
department_str School of Biosciences, Geography and Physics - Geography{{{_:::_}}}Faculty of Science and Engineering{{{_:::_}}}School of Biosciences, Geography and Physics - Geography
document_store_str 1
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description This article examines the 2001 dislocation of the headquarters of the iconic US aerospace company, Boeing, out of the Puget Sound region of the State of Washington, its ancestral manufacturing base. It argues the rationale for the exit was the desire on the part of Boeing's increasingly finance-focused executives to detach and disembed the ‘brains’ of the company from the product-focused, engineering-based corporate culture embedded in Puget Sound. The article attempts to ground the logic of financialization by examining how it emerged at, and was shaped by one particular company. I employ economic geographers’ conceptions of place-based corporate culture, and societal, territorial and network embeddedness (Hess, 2004, Progress in Human Geography, 28: 165–186) to explain how financialization and corporate dislocation can enable each other. The article also briefly discusses Boeing's eventual decision to re-embed its headquarters in downtown Chicago, Illinois.
published_date 2009-12-31T12:56:49Z
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score 10.958922

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