boss’s remuneration approved

boss’s remuneration approved
boss’s remuneration approved

The American aircraft manufacturer has had a series of in-flight incidents for months. Latest on Friday May 17, on a Montreal-Lyon flight, operated by Air Canada with a Boeing 787-8 Dreamliner.
Peter Cziborra / REUTERS

Exceeding $33 million, its amount is considered shocking. However, the shareholders validated it at 64%.

At a high-stakes shareholder meeting Friday, Boeing shareholders reappointed the entire board and approved boss Dave Calhoun’s more than $33 billion in compensation. In addition to the annual base salary of $1.4 million, there is more than $30 million in stock.

In the apocalyptic context that the American giant is going through, many considered this salary shocking. Starting with Institutional Shareholder Services (ISS), an influential shareholder advisory agency, which campaigned for those of the American aircraft manufacturer to repeal this resolution. Without success. The yes vote won, with 64% of the actions represented in its favor, during a meeting which lasted a little less than an hour.

Renunciation of a bonus of 2.8 million

Dave Calhoun announced his departure from management of the group at the end of March. It is scheduled for the end of the year, and it is the consequence of the in-flight incident on a new Alaska Airlines plane on January 5, the last straw after a series of production and quality problems in 2023 affecting the 737 Max and the 787 Dreamliner. The boss had also waived an additional bonus of $2.8 million.

Dave Calhoun announced his departure from management of the group at the end of March. It is scheduled for the end of the year, and is the result of the in-flight incident on a new Alaska Airlines plane on January 5

The black series began with the crashes of two 737 Max aircraft in 2018 and 2019 (346 deaths in total). Since then, there has been no end to serious incidents. On Friday, a Boeing plane took off from Montreal to go to Saint-Exupéry airport in Lyon. After three hours of flight, the plane was forced to turn around.

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