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Boeing’s CEO Forfeited $7 Million in 2022 — And Earned This Much Instead
As a recession looms, exorbitant executive salaries can generate both public resentment and strife between investors and the company — the nearly $18 million that Bath & Body Works paid board chair Sarah Nash when she stepped in as interim CEO last year was called out by Third Point chief executive Dan Loeb in a shareholder letter demanding corporate overhaul to avoid a proxy fight. When Disney CEO Bob Iger came back to lead the company in a takeover from Bob Chapek, the first question many fans and shareholder had was “what is the pay package?” The answer to that is $1 million annual salary, $1 million bonus and $25 million in stock options annually for the two-year contract ending at the end of 2024. According to forms filed with the Securities and Exchange Commission on Friday, Boeing CEO David Calhoun earned $22.5 million in his role for 2022 but did not receive the $7 million bonus that was conditional on certain goals: including getting the new 777X planes running by the end of 2023.
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