Boeing's ousted CEO is leaving the company with $62M in compensation and pension benefits but will receive no severance pay in the wake of the 737 MAX crisis.
"It is incredibly heart wrenching to see the man at the heart of our loss walk away with a reward," said Zipporah Kuria, whose 55-year-old father from Kenya died in the second crash."346 people died. And yet, Dennis Muilenburg pressured regulators and put profits ahead of the safety of passengers, pilots, and flight attendants. He'll walk away with an additional $62.2 million. This is corruption, plain and simple," U.S. Senator Elizabeth Warren said on Twitter.
A turnaround veteran and former General Electric Co executive who has led several companies in crisis, Calhoun will receive a base salary at an annual rate of $1.4 million and is eligible for $26.5 million in long-term incentive compensation, Boeing said in a filing.
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346 potentially saved if Boeing was 'more forthcoming' with communications, lawmaker saysRep. Rick Larsen, chair of the House subcommittee on aviation, says they could have 'potentially saved the lives of 346 people' if Boeing had been more 'forthcoming early on' with the emails and messaging.
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