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Boeing awards CEO $21 million in total compensation for 2020

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Dave Calhoun, Chairman of Boeing

Adam Jeffery | CNBC

Boeing CEO Dave Calhoun was awarded $21 million in total compensation for his work last year, but he gave up $3.6 million in salary and bonuses after the coronavirus pandemic hit and devastated the industry.

He took just $269,231 of his $1.4 million salary for the year.

The majority of Calhoun’s pay package, disclosed when he became CEO in January 2020, is made up of equity that vests over time and is based on company performance targets and other metrics.

Calhoun was named CEO after Boeing’s board ousted former Chief Executive Dennis Muilenburg over his handling of two deadly crashes of the Boeing 737 Max, the company’s bestselling…



Source cnbc.com

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