Boeing CEO Missed Goal: Boeing CEO missed the target of 2022 and did not get $ 7 million bonus. However, he remained in profit. He earned $22.5 million. According to a regulatory filing on Friday (March 3), Boeing CEO David Calhoun missed out on a $7 million bonus in 2022. He missed his target but still earned $22.5 million last year.
Aviation giant Boeing said Calhoun missed out on the bonus because he could not bring Boeing’s new 777X aircraft into service by the end of 2023.
Boeing CEO misses 2022 target
Boeing said in a regulatory filing, "It is clear that this goal will not be met, even if for reasons largely beyond Calhoun’s control. while Calhoun made decisions regarding the management of the 777 program in the long-term interest of the company. Boeing did not specify the reasons for the delay in bringing the 777X aircraft into service.
How much did Calhoun earn?
Calhoun said in Boeing’s first quarter earnings call in April 2022 that the Federal Aviation Administration is rapidly working on certification of all new planes. Calhoun received a total of $22.5 million for 2022, despite the delay in bringing the new aircraft into service. This amount is 6.6 percent more than the $ 21.1 million received in 2021. This amount includes his base salary of $1.4 million.
When did he take over as CEO of Boeing?
The Virginia-based company is set to hire around 10,000 employees in 2023. Reuters had given information in this regard on 28 January. Boeing shares closed up 2.4 percent at $215.11 on Friday (March 3).
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