Boeing's CEO is missing out on a $7 million bonus because the company's new large jet is behind schedule.
FILE - Nielsen Company CEO David Calhoun, center, watches progress as he waits for the company's IPO to begin trading on Jan. 26, 2011, on the floor of the New York Stock Exchange. Boeing said Friday, March 3, 2023, that they rewarded their CEO David Calhoun with compensation valued at $22.5 million for 2022 but wont 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 in a regulatory filing Friday that the 777X will be behind schedule “for reasons largely beyond Mr. Calhoun’s control.” But it did say some of his decisions regarding the plane contributed to the miss., five years after the original target. The company said directors decided last August that Calhoun's $7 million bonus would not vest.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing CEO loses $7M bonus, keeps $22.5 million compensationBoeing 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. FOX13
Read more »
WSJ News Exclusive | How Hot Is Aspen’s Market? Townhouse Fetches More Than Twice What It Sold for in 2021“There are still buyers willing to pay a premium.” An Aspen townhouse has sold for $22 million, more than double its last sale price in 2021.
Read more »
Boeing Board Denies CEO David Calhoun a Performance BonusCiting delays with the new 777X jetliner, Boeing’s board declined to award CEO David Calhoun a $7 million stock-based performance award.
Read more »
Boeing denies CEO Calhoun $7 million bonus due to 777X delaysBoeing Co. Chief Executive Dave Calhoun will not receive a $7 million bonus due to the company's failure to enter the 777X into service by the end of 2023, Boeing said Friday.
Read more »
Boulder house where JonBenet Ramsey was found dead listed for sale for almost $7MThe owners of the 15th Street home where 6-year-old JonBenet Ramsey was found dead in 1996 have put the property back on the market, this time with a much higher price tag.
Read more »