Boeing shareholders on Friday approved CEO David Calhoun's $32.8 million compensation and heard leaders explain what the troubled aircraft maker is doing to imp
by DAVID KOENIG AP Airlines WriterFILE- A Boeing 737 MAX 7 is displayed during a debut for employees and media on Feb. 5, 2018, in Renton, Wash. Boeing holds a virtual shareholders' meeting on Friday, May 17, 2024, as it deals with multiple federal investigations, frustrated airline customers and disappointing financial results. $32.
The CEO added that the company is still working to complete an acquisition of key supplier Spirit AeroSystems, but he gave no deadline for completion. Spirit makes fuselages for Max jets and has been a source of manufacturing flaws. Through Thursday, the shares had fallen 27% since the door plug accident during an Alaska Airlines flight over Oregon.
Calhoun announced in March that he would step down at the end of the year. Another shareholder said Calhoun should leave immediately.
Safety Shareholders Calhoun Compensation Manufacturing 737 Max Spirit Aerosystems
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