Departing Boeing CEO gets nearly $33 million in 2023 total compensation
ReutersJan 01, 1900
Boeing CEO Loses Millions in Pay Amid Plane Maker Troubles
The Facts
Boeing CEO Dave Calhoun — whose pay-packet is largely comprised of deferred stock tied to prices last year — received his annual compensation of roughly $23.6M for the end of the financial year on Friday.
Calhoun, who has already announced he's stepping down amid Boeing's safety troubles, was due to receive $33M in pay. However, with Boeing stocks tumbling as much as 30% since a Jan. 5 blowout of a door plug during an Alaska Airlines flight, as much as $10M was wiped off from his take-home pay.
The Spin
Establishment-critical narrative
Boeing had roughly $2.2B of losses in 2023 and is undergoing such a crisis that it's reputation may never be repaired. The fact that Calhoun will still make $23.6M in stock payouts this year is absolutely staggering.
Nerd narrative
There's a 93% chance that there will be a test flight of a full-scale heavy-lift cargo airship before 2031, according to the Metaculus prediction community.