Boeing CEO Dave Calhoun's total compensation for 2023 saw a significant increase of 45%, amounting to $32.8 million, which is approximately 273 times that of the median employee. This pay package comes amid a backdrop of safety concerns and a notable aircraft accident that has impacted the company's reputation. Despite the challenges, the compensation includes a substantial portion from stock awards, although Calhoun opted to forgo a roughly $3 million cash bonus and will receive less stock in the following year. The increase in pay is partly attributed to a retention bonus aimed at ensuring Calhoun remains with Boeing through 2025. This decision has raised eyebrows, especially considering that 40% of executive pay at Boeing is tied to hitting DEI and ESG targets, which some argue could conflict with the priority of manufacturing safe airplanes. Notably, Calhoun did not receive a bonus for 2023.
Boeing CEO Dave Calhoun Got a Huge Raise in 2023 https://t.co/XD5VI90vNE
Departing Boeing CEO gets nearly $33 million in 2023 total compensation https://t.co/FgH8OwZAks https://t.co/AbAJaysDe3
Boeing Boss Gets $33 Million in Pay for 2023, but No Bonus https://t.co/PLl3xKtQ4Q
Boeing $BA CEO Dave Calhoun’s total compensation jumped 45% to $32.8 million last year, boosted in large part by a retention bonus intended to keep him in the job through 2025 - Bloomberg
Boeing CEO David Calhoun received $33 million in compensation last year, mostly from stock awards, but gave up a roughly $3 million cash bonus and is getting less stock this year https://t.co/uUxzsbKfQq
Boeing CEO Calhoun took home $5 million last year, compensation package hit by Max crisis https://t.co/uosuQc5i1c
BOEING SAYS ESTIMATED THAT CEO’S 2023 TOTAL COMPENSATION WAS APPROXIMATELY 273 TIMES THAT OF MEDIAN EMPLOYEE
JUST IN: Boeing's CEO saw his compensation rise by 45% in 2023, up to $32.8 million.
Boeing CEO Dave Calhoun’s total compensation jumped 45% to $32.8 million last year before a dramatic aircraft accident upended those plans and his career https://t.co/QukZsjWcXX
⚠️ DEPARTING BOEING CEO GETS NEARLY $33 MILLION IN 2023 TOTAL COMPENSATION Full Story → https://t.co/KrAuFz6Ohi The 2023 pay package of Boeing's CEO, who recently announced his departure in the midst of a safety crisis, rose about 45% to nearly $33 million, the U.S.… https://t.co/o3eOKxAXka
BOEING CEO TOTAL COMPENSATION ROSE 45% IN 2023 TO $32.8 MILLION
JUST IN : BOEING CEO’S TOTAL COMPENSATION ROSE OVER 45% LAST YEAR TO $32.8 MILLION DOLLARS $BA
*BOEING CEO TOTAL COMPENSATION ROSE 45% IN 2023 TO $32.8 MILLION wait.... what?
BOEING CEO TOTAL COMPENSATION ROSE 45% IN 2023 TO $32.8 MILLION $BA
tl:dr 40% of executive pay at Boeing was based on hitting DEI and ESG targets which are both at odds with manufacturing safe airplanes which partially explains the proverbial planes falling out of the sky https://t.co/LNedRLmfR2