CNN: Shareholders of embattled airplane maker Boeing approved a pay package of nearly $33 million for outgoing CEO Dave Calhoun. That’s the highest package ever paid to the company’s CEO and a 45% increase from the $22.6 million he received for 2022. The majority of the bump comes from a stock bonus.

Shareholders of embattled airplane maker Boeing approved a pay package of nearly $33 million for outgoing CEO Dave Calhoun. That’s the highest package ever paid to the company’s CEO and a 45% increase from the $22.6 million he received for 2022. The majority of the bump comes from a stock bonus.

Boeing shareholders vote to approve $33 million CEO pay package | CNN Businesscnn.it Shareholders of embattled airplane maker Boeing have approved a pay package of nearly $33 million for outgoing CEO Dave Calhoun.

Don't ever speak to me about fiduciary responsibility again

I always think of things like this when a politician says that government should be run more like a business.

It's weird for however many decades people have bleated on with that phrase when it's just so inherently nonsensical.

Right up there with “the border is like the door to your house.”

Oh God I think my blood pressure doubled reading that; well played! It probably would've quintupled if you'd have gone with any of the border-related antiwisdom describing immigrants as "invaders."

So do the politicians who say that...

That’ll fix their quality problems. 🙄

There's various ways to get rid of a CEO, and paying them to stop CEOing is the least illegal, but also the least satisfying

Why don’t they just handle him like they handle the whistleblowers? Make the shareholders more money 💰

And possibly meet with an accident?

"Kids of today want something for nothing!" say business leaders operating in a culture of rewards for failure and begging for bailouts for their chronic mismanagement

Make it make sense.

It’s probably so he’ll keep his mouth shut

Ok! That does make sense! But I do hate it, lol.

The people he helped enrich most probably don’t fly on the commercial planes they cut every corner to make cheaply. That’s for us peasants, and it doesn’t matter to them if the peasants die.

Was he paid per dead whistleblower or...?

Let's see, 346 people died in 737 MAX crashes, so while he only became CEO in the aftermath, Dave's been paid about $300,000 per victim. Which puts some kind of light on the company's extensive shady attempts to trick families out of compensation. www.cnn.com/2024/03/10/b...

On the 5th anniversary of a fatal 737 Max crash, victims’ families want more focus on Boeing’s potential safety problems | CNN Businesswww.cnn.com Michael Stumo’s life changed forever on March 10, 2019. His daughter, Samya Rose Stumo, was killed that day when the Boeing 737 Max 8 she was on plunged into the ground just outside Addis Ababa, Ethio...

The first rule of being a CEO: when things get bad give yourself a big bonus

I really wish someone would pay me $33 million to suck at my job and then quit.

It may seem like a lot of money, but the market is surprisingly tight for people who can fuck up quite this badly, and it's important that Boeing secures top fucking-up talent

I want shareholders to stop being a thing that exists. I want this kind of nonsense to no longer exist. What utter bs.

That’s over $16M per dead whistleblower!

I feel like if I burned down my workplace I would not get millions of dollars in bonuses

Which means the majority shareholders made a killing off of Calhoun's shoddy business practices and they don't care about making bad planes or human casualties because they know the possible litigation costs will be much less than the overall profits.

“Performance-based incentives.”

Sure, why not? It’s not like anything touching the stock market makes any sense anymore

Do CEOs get bonuses every time their colossal screwups make national headlines or something??

Falling Upward. Crony Capitalism.

One golden parachute could buy how many regular ones for the people killed by a 737?

Aha. And this guy is still not extradited? Aha. Looks like impunity is the best USA can do 😑

Elon's gonna be so jealous.

Elon’s contested bonus is bigger by 3 orders of magnitude, sadly

Nutty… he wrected the Company for goodness sakes 💩

“Thanks for setting our historically top-tier company on a downward trajectory! Here’s a bonus check that’s substantially larger than your insanely high salary. Enjoy your life and watch out for crimey immigrants!”

Did I miss this day in MBA school?

Why?!

"embattled"

Unreal.

What a piece of shit.

Really?

It's qwhite interesting to see who fails upward

I don't understand why shareholders allow nonsense like this. The whole system is broken.

insane unless the core function of corporations is simply to grow the gap between rich and poor, then what Boeing does - and so many other corporations do - makes sense

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