Boeing’s CEO Dave Calhoun saw a significant rise in his 2023 compensation, totalling almost $33 million, up by 45% from the previous year. Much of this compensation is in deferred stock, which has decreased in value following a safety incident earlier in the year.
Despite the increase, the adjusted value stands at $24.8 million due to the stock’s decline.
Calhoun announced his departure amidst a safety crisis, and while his exit package is not mentioned, potential retirement payouts exceed $44 million. A reward to mismanagement?
The company’s production of the 737 MAX has faced challenges, leading to a management shakeup. Safety and quality metrics are now prioritised in executive compensation, reflecting efforts to address safety concerns.
Related articles
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.aviation24.be/manufacturers/boeing/departing-boeing-ceo-dave-calhouns-2023-compensation-reaches-nearly-33-million-45-amid-safety-crisis/