Thread regarding Boeing Co. layoffs

Industry Leaders Flabbergasted At CEO David Calhoun Shameless Severance Package; After His Destruction Of Boeing.

https://www.benzinga.com/news/24/04/38130210/elon-musk-reacts-as-boeing-ceo-david-calhoun-receives-33m-compensation-in-2023-despite-airplane-make

Boeing Co
said on Friday that the company paid outgoing CEO David Calhoun $32.8 million as total compensation in 2023.

What Happened:
While Calhoun’s salary only accounts for $1.4 million of his total compensation, he received $30.2 million in stock awards and $1.2 million as all other compensation last year,
Boeing said in a regulatory filing.

However, Boeing stock has fallen 27.3% year-to-date, following the incident in January where a door plug flew off an Alaska Airlines plane manufactured by the company soon after takeoff.

The CEO’s salary marks a nearly 45% jump from a year ago.
Calhoun was paid only $22.6 million in 2022.
Why would you pay more to have Boeing brought to its knees?

Former commercial Airlines division CEO Stanley A Deal, meanwhile, saw his compensation rise from $8.8 million in 2022 to $12.5 million last year. Deal no longer holds the executive position.

In late March, Boeing announced that Calhoun would step down by
the end of the year. The company also appointed Stephanie Pope
as the new head of its commercial airplanes division, replacing Deal,
amid falling stock value and increased regulatory scrutiny.

Elon Musk Reacts: Tesla and SpaceX CEO Elon Musk,
who is known for cryptic posts among other things, reacted to Calhoun’s pay with an exclamation mark,
possibly expressing surprise.

WTF !!!!!!!!!!!! Is More Like It

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| 931 views | | 11 replies (last May 6, 2024) | Reply
Post ID: @OP+1rXeFNnI

11 replies (most recent on top)

Greed. One of the worst of the seven deadly sins.

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Post ID: @rwej+1rXeFNnI

when you live in a cesspool your options are limited.
Simply because no one of any integrity or a nose for sҺit
wants to join you.

With the exception of other tսrd’s.

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Post ID: @gvct+1rXeFNnI

The board of directors are completely responsible for the ridiculous severance package.

His severance package should be based completely on how much money the company makes not what the stock price is.

The company has not made money one year since David Calhoun has been president. he should’ve been paid a bonus.

The Board of Directors who go along with this are just as corrupt as he is.

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Post ID: @5apv+1rXeFNnI

Now he can buy the new dress he always wanted.

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Post ID: @2czz+1rXeFNnI

Dave it's time for you to donate that money to the victims families.

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Post ID: @1dmp+1rXeFNnI

Just another crook laughing to the bank and not being held to account for all his crimes against humanity.

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Post ID: @1ffc+1rXeFNnI

Best engineers left Boeing and helped Airbus, COMAC and SpaceX advance. No one likes working d-mb greedy people.

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Post ID: @qaz+1rXeFNnI

The aerospace experienced and competent engineers and project managers that Boeing would need to change course are no longer available. Young people have little ability or interest to pursue that lousy career. So what Boeing has is all they will have...and it beyond inadequate.

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Post ID: @som+1rXeFNnI

Boeing has been a well-orchestrated nepo get rich scam since the mid 90s. As such, no one is surprised by how much Calhoun and others will drain from this doomed company. Least of all Wallstreet. After all, that's what they do.

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Post ID: @nly+1rXeFNnI

Actually, Boeing's issues go all the way back to the Phil Condit days. I'm talking as far back as the mid-90's. I worked for Boeing in Philadelphia for 3+ years around this time, and it was a mess then. Very loosey goosey as they say in the engineering world. It just got progressively worse over the past 25+ years. Unfortunately, it's going to take a very long time and the right people (not DEI) to straighten it out. Just another American Icon mismanaged into the ground. Oh, BTW, you need engineer's running the show and on the BOD, and send everything back to Seattle where they "KNOW HOW" to build aircraft.

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Post ID: @upo+1rXeFNnI

https://alaskapublic.org/2024/04/08/boeing-pays-alaska-airlines-160m-after-737-max-door-plug-blowout-over-oregon/

Boeing pays Alaska Airlines $160M after 737 Max door-plug blowout
over Oregon

Alaska Airlines says Boeing has paid the carrier $160 million in
“initial compensation” for a panel that blew out of an Alaskan
Boeing 737 Max 9 jetliner in January.

The airline said Thursday that it expects, Additional Compensation,
the terms of which it said are confidential.

The payment covered Alaska’s pretax loss related to Boeing
negligence.
Including lost revenue and the cost of returning its Max 9 fleet
to service after the planes were grounded for three weeks.

The airline described the compensation in a regulatory filing.

Boeing declined to comment on its staggering incompetence.
While a spokesman referred to comments that the company’s
chief financial officer and bean counter, Brian West, made last month.

“Customer Consideration” after Boeing's Pharaonic Failures will affect
Boeing’s financial results, he said, but didn’t give any numbers.

@OP+1rJSgtqd

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Post ID: @ejw+1rXeFNnI

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