Boeing’s Executive Dave Calhoun’s Compensation Rises By 45% Amidst Crisis

Boeing’s chief, Dave Calhoun, witnessed a substantial surge in his 2023 earnings, reaching close to $33 million, marking a notable 45% increase compared to the previous year. A significant portion of his compensation comprises deferred stock, which experienced a decline in value following a safety incident earlier in the year.

Despite the uptick, the adjusted figure settles at $24.8 million due to the downturn in stock value. In the midst of a safety crisis, Calhoun announced his departure. Although details of his exit package remain undisclosed, potential retirement benefits exceed $44 million. Is this perceived as a reward for mishandling?

Boeing’s production of the 737 MAX has encountered obstacles, prompting a reorganization in leadership. Emphasizing safety and quality metrics in executive compensation underscores the company’s commitment to addressing safety apprehensions.

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