Boeing CEO waived pay but got compensation worth $21 million
Boeing CEO David Calhoun declined a salary and performance bonus for most of 2020 but still received stock benefits that pushed the estimated value of his compensation to more than $21 million, according to a regulatory filing Friday, March 5, 2021. Calhoun, who became CEO in January 2020, received $269,231 in salary for the period before he disavowed his salary in March. AdThe company said Calhoun gave up about $3.6 million by declining most of his salary and a $2.5 million bonus. But most of Calhoun's compensation โ valued by Boeing at more than $20 million โ came in the form of stock benefits that will vest in the next few years, assuming he remains CEO. Calhoun, 63, was a longtime Boeing board member before being named CEO after the firing of Dennis Muilenburg in December 2019.
Boeing Max cleared for takeoff, 2 years after deadly crashes
(AP Photo/Elaine Thompson, File)After nearly two years and a pair of deadly crashes, the U.S. Federal Aviation Administration has cleared Boeingโs 737 Max for flight. The nationโs air safety agency announced the move early Wednesday, saying it was done after a โcomprehensive and methodicalโ 20-month review process. U.S. airlines will fly the Max once Boeing updates critical software and computers and pilots receive training in flight simulators. The FAA says the order was made in cooperation with air safety regulators worldwide. Anton Sahadi, who lives in Jakarta, Indonesia, and lost two brothers in the Lion Air crash, said it's too early for the Max to fly again.