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