Inside Boeing CEO Dave Calhoun's $24M exit package amid nightmare aircraft safety scandal
8 months, 4 weeks ago

Inside Boeing CEO Dave Calhoun's $24M exit package amid nightmare aircraft safety scandal

Daily Mail  

Boeing CEO Dave Calhoun is leaving the company at the end of the year - and will walk away with as much as $70 million. Boeing CEO Dave Calhoun finally said on Monday that he would stand down but not for another nine months A panel blew out from the fuselage of a 737 Max 9 aircraft carrying Alaska Airlines passengers on January 5 Dennis Muilenburg, his predecessor, left in 2019 with $80 million – but no severance. If Calhoun's successor can boost the share price by at least 37 percent, then the outgoing CEO would get $45.5 million on top of that. Since the Alaska Airlines blowout, the company has faced questions following several other potentially dangerous episodes - but regulators, airlines and passengers have been frustrated at the lack of answers from Calhoun.

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History of this topic

Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion
4 months, 3 weeks ago

Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

Associated Press  

Boeing named an aerospace industry veteran with a background in mechanical engineering as its next chief executive Wednesday, looking to open a new chapter at a company rocked by legal, regulatory and production problems and mounting financial repercussions. “There is much work to be done, and I’m looking forward to getting started,” Ortberg said in a statement issued by Boeing. …

Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion
4 months, 3 weeks ago

Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

LA Times  

The Boeing 777X airplane is shown at the Paris Air Show in Le Bourget, north of Paris, France, on June 19, 2023. The loss was wider and the company’s revenue lower than Wall Street’s dismal expectations, as both Boeing’s commercial airplanes business and defense unit lost money. The new CEO’s first task will be working with the FAA to help …

Boeing CEO brutally ripped over $32.8mn salary during Senate appearance: 'So it's working out great for you'
6 months ago

Boeing CEO brutally ripped over $32.8mn salary during Senate appearance: 'So it's working out great for you'

Hindustan Times  

Boeing CEO David Calhoun was brutally ripped during his first appearance before the US Congress on Tuesday. Boeing President and CEO Dave Calhoun leaves after testifying during a Senate Homeland Security and Governmental Affairs Committee Investigations Subcommittee hearing to examine. Senators hold Calhoun responsible for January 737 MAX disaster The US Congressman highlighted the several investigations that are presently being …

Boeing shareholders approve CEO’s compensation as company faces investigations, possible prosecution
7 months, 1 week ago

Boeing shareholders approve CEO’s compensation as company faces investigations, possible prosecution

Associated Press  

Boeing shareholders on Friday approved CEO David Calhoun’s $32.8 million compensation and heard leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes after a door plug blew off a Boeing 737 Max jetliner in January. Shareholders approved an advisory measure on executive compensation by a 64%-36% margin — nearly all of …

Boeing's share price sinks 6% after CEO Dave Calhoun reveals successor is from inside the crisis-hit company
8 months ago

Boeing's share price sinks 6% after CEO Dave Calhoun reveals successor is from inside the crisis-hit company

Daily Mail  

Boeing CEO Dave Calhoun assured investors on Wednesday that he has a successor lined up - and it is someone from inside the crisis-hit aviation giant. Boeing CEO Dave Calhoun speaks after meeting with lawmakers to answer questions about the latest problems with the 737 Max A panel blew out from the fuselage of a 737 Max 9 aircraft carrying …

Boeing CEO rejects $3 million bonus due to Alaska Airlines incident
8 months, 2 weeks ago

Boeing CEO rejects $3 million bonus due to Alaska Airlines incident

Hindustan Times  

Following January's near-catastrophic incident involving a Boeing 737 Max 9 aircraft operated by Alaska Airlines, outgoing Boeing CEO David Calhoun declined to be considered for an yearly bonus, the US-based maker of airplanes, said in a securities filing on Friday. FILE - Boeing CEO David Calhoun speaks briefly with reporters after a meeting in the office of Sen. Mark Warner, …

Boeing's CEO got compensation worth nearly $33 million last year but lost a $3 million bonus
8 months, 2 weeks ago

Boeing's CEO got compensation worth nearly $33 million last year but lost a $3 million bonus

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Boeing’s CEO got compensation worth nearly $33 million last year but lost a $3 million bonus
8 months, 2 weeks ago

Boeing’s CEO got compensation worth nearly $33 million last year but lost a $3 million bonus

Associated Press  

Boeing CEO David Calhoun received compensation valued at $33 million last year, nearly all of it in stock awards, but his stock payout for this year will be cut by nearly one-fourth because of the drop in Boeing’s share price since the January blowout of a panel on one of its planes in midflight. The company said Friday that after …

Boeing CEO and string of top executives resign amid ongoing safety scandals
8 months, 4 weeks ago

Boeing CEO and string of top executives resign amid ongoing safety scandals

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Boeing CEO Dave Calhoun and two top executives have announced that they will step down from …

Boeing CEO Dave Calhoun to step down at 2024 end, here's why
8 months, 4 weeks ago

Boeing CEO Dave Calhoun to step down at 2024 end, here's why

Hindustan Times  

The upcoming Boeing management shakeup will witness many officials emptying their seats in 2024. FILE PHOTO: Boeing CEO Dave Calhoun speaks with reporters ahead of meeting with U.S. senators on Capitol Hill in Washington, U.S., January 24, 2024. REUTERS/Valerie Insinna/File Photo Boeing director Steve Mollenkopf will replace Kellner, whereas Boeing’s Chief Operating Officer Stephanie Pope will take over Deal's spot. …

Boeing CEO Dave Calhoun to step down in management shakeup amid safety crisis
8 months, 4 weeks ago

Boeing CEO Dave Calhoun to step down in management shakeup amid safety crisis

The Hindu  

Boeing CEO Dave Calhoun will step down by year-end, in a broad management shake-up brought on by the planemaker’s sprawling safety crisis stemming from a January mid-air panel blowout on a 737 MAX plane. Last week, a group of U.S. airline CEOs sought meetings with Boeing directors to express concern over the Alaska Airlines 737 MAX 9 accident, saying it …

Boeing CEO To Step Down At End Of The Year
8 months, 4 weeks ago

Boeing CEO To Step Down At End Of The Year

Huff Post  

FILE - Boeing CEO Dave Calhoun speaks with reporters after meeting Sen. Mark Warner, D-Va., at the Capitol in Washington, Jan. 24, 2024. CEO David Calhoun, who has been under unrelenting pressure since a panel blew off a Boeing 737 Max jetliner during a January flight, said he would retire at the end of the year. In a note to …

Boeing CEO Dave Calhoun announces he'll step down after Alaska Airlines door plug disaster and 737 MAX crises: Stocks jump as two other executives also quit
8 months, 4 weeks ago

Boeing CEO Dave Calhoun announces he'll step down after Alaska Airlines door plug disaster and 737 MAX crises: Stocks jump as two other executives also quit

Daily Mail  

Boeing CEO Dave Calhoun is to step down at the end of the year in a management overhaul in the wake of a safety crisis at the troubled aerospace giant. Boeing CEO Dave Calhoun is finally stepping down as head of the troubled airline maker A panel blew out from the fuselage of a 737 Max 9 aircraft carrying Alaska …

Boeing CEO loses $7M bonus, keeps $22.5 million compensation
1 year, 9 months ago

Boeing CEO loses $7M bonus, keeps $22.5 million compensation

Associated Press  

ARLINGTON, Va. — Boeing rewarded CEO David Calhoun with compensation valued at $22.5 million for 2022 but won’t pay him a $7 million bonus because the company will fail to get its new 777X jetliner in service by the end of this year. The company said directors decided last August that Calhoun’s $7 million bonus would not vest. Calhoun became …

Boeing scraps CEO Dave Calhoun’s $7 Mn bonus after 777X delays
1 year, 9 months ago

Boeing scraps CEO Dave Calhoun’s $7 Mn bonus after 777X delays

Live Mint  

Boeing Co. Chief Executive Officer Dave Calhoun won’t collect a controversial $7 million payout due to the long-delayed launch of the company’s 777X widebody jet. Vesting was contingent upon Calhoun leading Boeing to several key milestones by the end of this year, including the successful introduction and production ramp-up of the 777X. “It is clear that this goal will not …

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