Boeing’s CEO could step down with a hefty paycheck as the company struggles to restore public trust amid a series of high-profile incidents involving Boeing’s aircraft.
Boeing’s outgoing President and CEO Dave Calhoun will receive a total of $32.8 million from the company in 2023 if shareholders approve his pay package, according to a regulatory filing. They are likely to be paid a remuneration, which could be significantly higher than in previous years. It has been submitted on friday. Mr. Calhoun’s pay package was announced amid concerns that a series of high-profile mechanical failures on Boeing Co.’s aircraft could negatively impact the company’s focus on diversity.
The bulk of Calhoun’s salary package, valued at about $30.2 million, will come in the form of stock awards, according to the filing. As of April 6, Boeing’s stock price since the beginning of the year is lost About 30% of its value. (Related: United Airlines CEO says plans are being made without Boeing after manufacturing problems)
“From his first day as CEO and in his daily work thereafter, Mr. Calhoun’s primary focus has been on strengthening the company’s product safety and quality systems,” the filing states. .
In January, the emergency door of a Boeing MAX 9 plane blew off mid-flight, forcing it to make an emergency landing. A National Transportation Safety Board (NTSB) report released in February found that the door was not bolted.
The January accident “shows that Boeing still has much work to do, but the board believes Mr. Calhoun took responsibility for the accident and responded to this event in the right way.” the company said. according to To the Financial Times.
An Alaska Airlines 737 MAX 9 was forced to make an emergency landing after its exit door came loose during flight. pic.twitter.com/xj6AXmhwre
— Aviation News & Video Breaking (@aviationbrk) January 6, 2024
The January incident was not the only mechanical failure of a Boeing aircraft reported recently. Multiple Boeing planes were forced to ground in early March. mechanical problemsthe seven passengers on the Boeing plane were I was injured Secretary of State Antony Blinken’s Boeing model plane was damaged twice after encountering turbulence. serious failure In 2024.
An anonymous Boeing insider said in an interview that the company’s focus on diversity, equity, and inclusion (DEI) and isolated leadership are to blame for the company’s continued problems. Officials say the safety issues were the result of the company’s quality control hiring policies, which were influenced by his DEI.
Boeing did not immediately respond to a request for comment from the Daily Caller News Foundation.
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