Airbus CEO Jean Pierson Put the Heat on Boeing

Airbus CEO Jean Pierson Put the Heat on Boeing

Jean Pierson, who served as chief executive of Airbus from 1985 to 1998, proved a star salesman for the European airplane maker as it began catching up with Boeing Co. in a global market once dominated by American manufacturers.

The Frenchman, who died Wednesday at the age of 80, tended to be less formal than his rivals at Boeing. In 1997, he personally negotiated a large sale of airplanes to US Airways, recalled Stephen Wolf, then CEO of the American carrier. When Mr. Wolf pressed for last-minute pricing concessions, Mr. Pierson unbuckled his belt and let his trousers fall to his ankles to signal he had nothing more to give. Mr. Wolf, who was amused and believed he already had a bargain, stopped negotiating and signed a contract.

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Rachel Meadows

Rachel Meadows

Trending topics news writer who enjoys cooking, walking her dog and travel.

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