Boeing's CEO got around $33 million in compensation, nearly all of it in stock awards, but his stock payout for this year will be cut.
The logo for Boeing appears on a screen above a trading post on the floor of the New York Stock Exchange, July 13, 2021. It was reported Boeing's CEO will lose a $3 million bonus Boeing CEO David Calhoun received compensation valued at $33 million last year, nearly all of it in stock awards, but his stock payout for this year will be cut by nearly one-fourth because of the drop in Boeing’s share price since the January blowout of a panel on one of its planes in midflight.
The company said Friday that after the accident on the Alaska Airlines Boeing 737 Max, Calhoun declined a bonus for 2023 that was targeted at nearly $3 million. Calhoun announced this month that he will step down at the end of the year as Boeing deals with multiple investigations into the quality and safety of its manufacturing.The company said in a regulatory filing that Calhoun got a salary of $1.4 million last year and stock awards valued at $30.2 million. Including other items, his compensation totaled $32.8 million, up from $22.6 million in 2022.
A jury has found three men guilty of killing a family in Washington in 2017, crimes detectives asserted happened over drugs and money.Police say they've found an audio recording in which the use of a racial slur directed toward the Utah basketball team was clearly audible.Alaska Airlines said Boeing has paid the carrier $160 million in"initial compensation" for a panel that blew out of a Boeing 737 Max 9.Louis Gossett Jr.
Louis Gossett Jr., the first Black man to win a supporting actor Oscar and an Emmy winner for his role in the seminal TV miniseries “Roots,” has died. He was 87.A major bridge in Baltimore snapped and collapsed after a container ship rammed into it early Tuesday, and several vehicles fell into the river below.The Museum of Pop Culture invites you to experience pop culture like never before with its new exhibition"Massive: The Power of Pop Culture.
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