Seems like nobody hired him as CEO. Him and some buddies tried to start something, and it didn't get anywhere, and they lost money with it. Sounds quite reasonable to me :)
I haven’t looked at their financials, but I’m assuming he successfully increased profits for Boeing.
He’s probably hireable so long as there’s no culture of safety or engineering to be destroyed.
A known quantity to the industry who managed to deploy billions in budgets for a massive player is valuable at the helm of any company that wants those kinds of things.
Typically it happens when buddies are on the board.