Outgoing Boeing Boss Gets $33-M Pay Package

Boeing shareholders have signed off on the plane-maker's plan to grant outgoing boss Dave Calhoun a 2023 pay package worth nearly $33 million (£25 million), Natalie Sherman reported for BBC News.

Calhoun's pay included a salary of $1.4 million (£1.1 million) and stock awards worth about $30 million (£23 million) when granted. I Photos: The Boeing Company

A majority voted in favor of the plan, which had drawn criticism as the company grapples with a crisis sparked by the mid-air blowout of a panel on one of its planes in January.

Such pay votes, held at the company's annual meetings, are not binding. Ahead of the meeting, one prominent shareholder advisory group had criticized the plan and it also drew attention from some investors who spoke at the event.

The firm's decision to keep outgoing boss Dave Calhoun on the board of directors had raised questions as well but was also approved. Calhoun's pay included a salary of $1.4 million (£1.1 million) and stock awards worth about $30 million (£23 million) when granted.

That compared to a package of roughly $22.6 million (£17 million) in 2022.