Should Calhoun Stay On Boeing Board After Departing As CEO?
Boeing shareholders voted on the fate of Dave Calhoun in the company’s board, once he hands over his position as Chief Executive Officer.
When he leaves the company at the end of the year, current Boeing CEO Dave Calhoun will receive $33 million in bonuses, as part of his 2023 pay package. This caused a few raised eyebrows throughout the industry.
Boeing President and CEO Dave Calhoun. Photo: Narendra Modi, CC BY 3.0The matter also triggered a shareholder advisory vote, as advisors noted “…a misalignment between CEO pay and company performance”. An understatement for some, since Boeing bonuses are nominally based on meeting cost and production targets.
To be fair, the pay Calhoun is getting on his departure is lower than that of previous Boeing CEO Dennis Muilenburg ($62.2 million) who lost his job following the MAX crashes and the grounding that followed.
Image: BoeingBoeing Shareholders – Keeping Calhoun Around?Boeing shareholders approved the vote on Calhoun..