Muilenburg won’t receive bonus compensation this year or stock grants until 737 MAX is flying again
Boeing Co. ’s newly installed chairman backed embattled Chief Executive Officer Dennis Muilenburg on Tuesday, while acknowledging a series of engineering missteps that led to two deadly crashes of the 737 MAX.
Boeing Chairman Dave Calhoun said Mr. Muilenburg wouldn’t receive bonus pay this year and wouldn’t receive stock grants until the grounded jet fully returns to service, a process that may unfold globally through all of next year. Mr. Calhoun said it was the CEO’s idea to reduce his compensation.
Excerpt from WSJ