Fired Boeing CEO will get more than $60 million

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Excerpt NYT nytimes.com

Dennis A. Muilenburg, who was ousted as Boeing’s chief executive last month as the company contended with the biggest crisis in its history, will depart with more than $60 million, the company said Friday.

Mr. Muilenburg will not receive any additional severance or separation payments in connection with his departure, and Boeing said he had forfeited stock units worth some $14.6 million.

But the value of the other stock and pension awards he is contractually entitled to receive is worth $62.2 million, the company said. Mr. Muilenburg also has stock options that could be worth many millions more.

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