Boeing’s new CEO David Calhoun took over the leadership position on Monday, after his predecessor Dennis Muilenburg was ousted over his handling of two fatal crashes involving the company’s 737 Max aircraft.
Calhoun stands to gain a bonus that is five times the rate of his base salary if he can ensure the 737 Max returns to service.
Returning the plane to service will be a challenging task, considering the plane has been grounded since March and has tarnished the company’s safety reputation.
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Boeing’s new CEO David Calhoun took over the leadership position on Monday, replacing former CEO Dennis Muilenburg. Calhoun is tasked with reviving the company’s reputation, following two fatal crashes involving the company’s newest aircraft the Boeing 737 Max jet.
But if Calhoun can manage to lift the troubled company up — specifically, ensuring a return to service for its best-selling 737 Max — he could stand to gain a bonus that is five times the rate of his base salary.
Calhoun’s pay package was disclosed by Boeing in a filing with the Securities and Exchange Commission on Friday evening. According to the filing, Calhoun will receive …read more
Source:: Businessinsider – Finance