Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Friday, October 30, 2020  Spokane, Washington  Est. May 19, 1883
Clear Day 57° Clear
News >  Business

Boeing chairman says CEO won’t get bonus until Max flies

Boeing Chief Executive Dennis Muilenburg (Joshua Lott / AP)
Boeing Chief Executive Dennis Muilenburg (Joshua Lott / AP)
By David Koenig Associated Press

Boeing’s new chairman is giving embattled CEO Dennis Muilenburg a vote of confidence and says the executive is giving up any bonus this year.

David Calhoun said Tuesday on CNBC that the Boeing board believes Muilenburg “has done everything right” in dealing with the aftermath of two crashes involving the 737 Max that killed 346 people.

Last week, several members of Congress challenged Muilenburg to resign or at least give up pay. Muilenburg’s compensation last year was worth $23.4 million, including a $13.1 million bonus and $7.3 million in stock awards.

Boeing Co. is changing flight-control software and computers to get the plane back in service late this year or early next year.

Calhoun was named chairman last month after the Boeing board stripped that title from Muilenburg.

The Spokesman-Review Newspaper

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.


New health insurance plans available Nov. 1 through Washington Healthplanfinder

 (Photo courtesy WAHBE)
Sponsored

Fall means the onset of the cold and flu season.