Dave Calhoun, Chairman of Boeing
Adam Jeffery | CNBC
Boeing CEO Dave Calhoun did not take most of his wage for 2020 or bonuses price $3.6 million altogether, however he was nonetheless awarded greater than $21 million in whole compensation as Covid-19 devastated the aviation enterprise final yr, the corporate stated Friday.
Calhoun grew to become CEO in January 2020 after the board ousted the previous chief government Dennis Muilenburg over two lethal crashes of the Boeing 737 Max. Calhoun’s appointment got here simply earlier than the Covid-19 pandemic shook the worldwide economic system, hitting the aviation trade particularly exhausting.
Boeing reported a document annual loss for final yr of practically $12 billion as cancellations outpaced new gross sales of jetliners, prompting hundreds of job cuts.
Calhoun’s whole compensation consists of about $7 million price of inventory if the corporate hits milestones together with returning the 737 Max to service, entry into service of the long-delayed 777X, and different objectives, however these shares have not vested.
It additionally consists of $10 million in inventory for leaving his job at Blackstone Group to take the highest job on the producer final yr and one other $3.5 million in long-term incentives that have not vested.