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Boeing's CEO got compensation worth nearly USD 33 million last year
Updated On: 06 April, 2024 09:09 AM IST | Washington | PTI
Calhoun announced this month that he will step down as CEO at end of the year as Boeing deals with multiple investigations into quality and safety of its manufacturing.
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Boeing CEO David Calhoun received compensation valued at $33 million last year, nearly all of it in stock awards, but his stock payout for this year will be cut by nearly one-fourth because of the drop in Boeing`s share price since the January blowout of a panel on one of its planes in midflight.
The company said Friday that after the accident on the Alaska Airlines Boeing 737 Max, Calhoun declined a bonus for 2023 that was targeted at nearly $3 million.
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