Boeing’s new CEO made $18.4 million in compensation last year after taking over the beleaguered jetmaker in August.
CEO Kelly Ortberg’s pay for the five months on the job included $16 million in stock and options, a salary of $525,000 and a $1.25 million signing bonus, Boeing said Friday in a regulatory filing.
Ousted CEO David Calhoun received $15 million, including $1.3 million in salary and equity awards valued at $13.2 million. That’s less than half of the $33 million Calhoun received, mostly stock compensation, in 2023.
Calhoun received no buyout and neither leader received performance bonuses for a year that started with a near-catastrophic fuselage-panel blowout on an Alaska Airlines flight and culminated in a strike by the company’s largest union.
Most of the company's top executives received lower overall pay last year compared to 2023.
Boeing is burning through billions of dollars and, in addition to the quality crisis in its commercial airline manufacturing operations, it is struggling with a money-losing defense business and troubled space program.
Excerpt from WSJ
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