After two harrowing crashes that killed a total of 246 people, Dennis Muilenburg faces one of the toughest tests of his 34-year career
Dennis Muilenburg, Boeing’s chief executive officer, took home just over US$30 million last year, a US$6 million increase from the year before, according to a filing late Friday with the Securities and Exchange Commission, as the company’s business soared after another banner year.
Now, after two harrowing crashes that killed a total of 246 people, Muilenburg faces one of the toughest tests of his 34-year career at the Chicago-based behemoth. Last week, Boeing’s stock dropped after one of its 737 Max 8 airplanes crashed in Ethiopia, the second time in five months one of the planes was involved in a deadly crash. In October, one of the planes went down in Indonesia, killing everyone on board.
Fighting to stem the fallout from the crashes, Muilenburg called U.S. President Donald Trump Tuesday, vowing that the planes were safe and that there was no reason to ground them. Eventually, the Federal Aviation decided to do so anyway. “The safety of the American people, and all our people, is our paramount concern,” Trump said in explaining his decision.
In 2017, Boeing’s stock climbed nearly 90 per cent, and for the first two months this year, it was up nearly 35 per cent.
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