Boeing CEO paid US$33 million in 2023, gave up bonus over MAX 9 incident
NEW YORK: Boeing’s CEO got US$33 million in compensation for 2023 nonetheless declined a doable US$2.8 million bonus following the come-catastrophic Alaska Airlines incident in January, the firm talked about Friday (Apr 5) in a securities filing.
David Calhoun, who’s feature to exit as chief govt on the stay of 2024, got a ugly wage of US$1.4 million, plus better than US$30 million coming in stock awards.
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The announcement, which got here in Boeing’s annual proxy assertion, comes because the firm faces intense scrutiny over the Jan 5 incident, wherein a 737 MAX 9 used to be compelled to assemble an emergency touchdown after a fuselage panel blew out.
“Following the Alaska Airlines accident, Mr Calhoun declined to be thought to be for an annual incentive payout, and the Board honoured that demand,” Boeing talked about.
On Mar 25, Boeing introduced that Calhoun would step down as CEO on the stay of the twelve months as segment of a management shakeup while it searches for a substitute.
Source: Reuters
