Boeing Shareholders Approve US $33m Pay Package for Outgoing CEO

5 months ago 24

Boeing shareholders have signed off on the plane maker’s plan to grant outgoing boss Dave Calhoun a 2023 pay package worth nearly US $33 million.

A majority voted in favour 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. A breakdown of the vote was not immediately available.

Ahead of the meeting, at least one prominent shareholder advisory group criticised the plan and it also drew attention from some investors who spoke at the event.

The firm’s decision to keep outgoing boss Calhoun on the company’s board of directors had raised questions as well, but was also approved.

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