Boeing CEO Earned $33-M Last Year But Declined $3-M Bonus

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 Associated Press (AP) reported.

The company said that after the accident on the Alaska Airlines Boeing 737 Max, Calhoun declined a bonus for 2023 that was targeted at nearly $3 million. I Photo: The Boeing Company X

The company said that after the accident on the Alaska Airlines Boeing 737 Max, Calhoun declined a bonus for 2023 that was targeted at nearly $3 million. Calhoun announced this month that he will step down at the end of the year as Boeing deals with multiple investigations into the quality and safety of its manufacturing.

The company said in a regulatory filing that Calhoun got a salary of $1.4 million last year and stock awards valued at $30.2 million.

Including other items, his compensation totaled $32.8 million, up from $22.6 million in 2022.

Since Jan. 5, when a door-plug panel blew off an Alaska Airlines Max jetliner flying 16,000 (4,800 meters) feet above Oregon, Boeing has been thrust into its deepest crisis since a pair of deadly crashes involving Max jets in 2018 in Indonesia and 2019 in Ethiopia.

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