Boeing’s CEO could walk away with a massive pay package as his company scrambles to regain public trust amid a series of high-profile incidents with their aircraft.
Dave Calhoun, Boeing’s outgoing president and CEO, could be awarded $32.8 million in total compensation by the company in 2023, a marked increase from prior years, if shareholders approve his pay package, according to a regulatory filing submitted on Friday. Calhoun’s pay package comes amid a string of high-profile mechanical failures on Boeing’s aircraft and concerns that an outsized focus on diversity could be harming the company.
Much of Calhoun’s pay package, about $30.2 million worth, comes in the form of stock awards, according to the filing. Year-to-date as of April 6, Boeing’s stock has lost about 30% of its value. (RELATED: United Airlines CEO Says They Are Making Plans Without Boeing After Manufacturing Issues)
“From his first day as CEO, and in each day on the job since, Mr. Calhoun’s primary focus has been on strengthening the Company’s product safety and quality systems,” the filing states.
Join the conversation as a VIP Member