Boeing's CEO Compensation Surges in 2023 Amid Safety Crisis

Friday, 5 April 2024, 22:34
The total 2023 compensation of Boeing's departing CEO, Dave Calhoun, almost hit $33 million, marking a significant 45% increase. The bulk of his pay is in depreciated deferred stock post a mid-air incident. Despite the fallout, the adjusted value of his 2023 compensation stands at $24.8 million.
https://store.livarava.com/f5f43c99-f3ac-11ee-8971-87cc5c87fb08.jpg
Boeing's CEO Compensation Surges in 2023 Amid Safety Crisis

Boeing CEO's Compensation Soars

The 2023 pay package of Boeing's CEO, who recently announced his departure in the midst of a safety crisis, rose about 45% to nearly $33 million, the U.S. planemaker said on Friday.

Deferred Stock Dips

Boeing said much of CEO Dave Calhoun's compensation is in deferred stock that has fallen in value following a January mid-air panel blowout.

The adjusted value of Calhoun's total 2023 compensation is $24.8 million, the company said in a regulatory filing.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe