Boeing’s CEO took home $30 million last year. Now, after deadly crashes, he faces his biggest test. - News Summed Up

Boeing’s CEO took home $30 million last year. Now, after deadly crashes, he faces his biggest test.


Dennis Muilenburg, president and chief executive of Boeing, is seen on March 7, 2019. The company noted in the filing that Muilenburg’s annual compensation of $23.4 million was 184 times higher than the median salary of the company’s employees. Last week, Boeing’s stock dropped after one of its 737 Max 8 airplanes crashed in Ethiopia, the second time in five months one of the planes was involved in a deadly crash. Despite the crash in October, the company finished 2018 with record revenue that beat its goal, profit of $10 billion and a healthy order book for future growth. In 2017, Boeing’s stock climbed nearly 90 percent, and for the first two months this year, it was up nearly 35 percent.


Source: Washington Post March 16, 2019 16:42 UTC



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