Boeing CEO's Compensation Sparks Controversy Amid Company Losses
Despite Boeing's $2.2 billion loss in 2023, CEO Dave Calhoun received $23.6 million, raising questions about executive compensation practices.
- Boeing CEO Dave Calhoun received $23.6 million in compensation last year, despite the company's $2.2 billion loss.
- Calhoun announced he will step down later this year, amid ongoing investigations into Boeing's manufacturing safety and quality.
- After an Alaska Airlines 737 MAX incident, Boeing introduced safety and quality as key factors in executive bonuses.
- Calhoun's 2024 annual bonus and long-term incentive stock awards were reduced following the company's share price drop.
- Boeing's board praised Calhoun's response to the crisis, focusing on steps taken to strengthen quality assurance.