Boeing’s CEO Calhoun Earned $5 Million in 2020 Despite 737 Max Challenges

Boeing’s CEO Calhoun Earned  Million in 2020 Despite 737 Max Challenges

Boeing CEO Dave Calhoun met with a ‍group of ⁢senators ‌on Capitol Hill in Washington,⁣ D.C. before speaking with ‍reporters on January 24, 2024. His take-home pay ‌fell ‍to $5 million last year after ‍declining a bonus, compared with $7 million in 2022, ‍due to ⁣the prolonged safety crisis surrounding‌ the ⁤company’s ⁣best-selling jetliner, the​ 737 Max. Calhoun’s total ‍compensation ‌last year rose 45% to ⁤$32.8 million, up from $22.6 million in the prior year. However, Boeing stated that the 2023 sum ‌is closer to⁣ $25 ⁣million, as it includes long-term incentives like stock. Shares of ‍the planemaker are down​ almost 30% this ⁤year. Total compensation for Stan‍ Deal, whom Boeing last month replaced at the top of the commercial airplanes division, rose 42% to $12.5 million. Calhoun ‍announced last month that he would step down by the end of the year as part of a ⁣broad shakeup‌ in⁢ the company.

Source: www.cnbc.com

Date: 2024-04-05 16:28:24

Exit mobile version