Boeing’s proxy filing Friday disclosed that when Calhoun started as CEO of Boeing in January of 2020, the board gave him a $7 million bonus package if he completed a list of goals by the end of 2023. “The company has substantially achieved, or is on track to substantially achieve, most of these specific goals,” said the filing. But it’s clear one thing it will not do is get its new widebody jet, the 777X, into production and into service.
Calhoun as he continues to lead the work to position the company for the future.” Boeing normally has a mandatory retirement age of 65 for Boeing executives, and Calhoun will turn 66 in April. But in April 2021, the company announced that its board of directors had extended the retirement age for Calhoun to age 70. Boeing had another tough year financially. It reported its fourth straight annual loss, losing $6.6 billion, up from $5.
Life is rough . Is there a go fund me set up for the poor fella?
Eh… CEOs get bonuses because they positively impact revenue. $7M is a lot but if you made the company $10B, is it really? 🤷🏻♂️ 0.7%.
How much is he paying in taxes? Or Boeing?
Wow he must be crying. No one needs to make that much in a bonus.
I didn't get a $7 million raise either and now my family is dying
I'm sure he's making plenty of money from the 🇺🇦
modest man
Poor fella
My heart bleeds.
Bonuses flying high with high flyers.