Dennis Muilenburg Leaves Boeing With $62 Million Compensation Package | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne Unmanned-
Alt. Wednesdays

Airborne Flight Training-Alt. Wednesdays

Airborne Unlimited-
Friday

Airborne Special Programs!
Airborne-YouTube  Airborne Unlimited--08.03.20 Airborne-Unmanned--07.22.20   NEW! Airborne-Flight Training--07.29.20 Airborne Unlimited--07.31.20  The 2020 Avionics Innovation Preview!

Airborne On ANN

Airborne Unlimited--08.03.20

Airborne-Unmanned--07.22.20

NEW! Airborne-Flight Training--07.29.20

Airborne Unlimited--07.31.20

Airborne's Annual April 1st Episode

Tue, Jan 14, 2020

Dennis Muilenburg Leaves Boeing With $62 Million Compensation Package

Will Receive Benefits But No Severance As He Leaves The Company

Fired Boeing CEO Dennis Muilenburg will leave Boeing with a $62 million compensation and benefits package, according to media reports.

However, the ousted executive will not receive any direct severance pay, according to a report from Reuters.

Mulienburg's compensation as he leaves the company was revealed in a regulatory filing late Friday. At the same time, Boeing released hundreds of internal memos that were harshly critical of the development of the 737 MAX airplane. One said the plane was "designed by clowns who in turn are supervised by monkeys," according to the report.

The Boeing filing showed that Mulinburg will receive the $62 million in compensation and pensions benefits, and that he holds stock options that vested in 2013. At Friday's close, the stocks would be worth about $18 million.

In a statement, Boeing said that Muilenburg "received the benefits to which he was contractually entitled and he did not receive any severance pay or a 2019 annual bonus.”

(Image from file)

FMI: Source report

Advertisement

More News

VSR700 Prototype Performs First Autonomous Free Flight

Flight Test Program Will Now Evolve To Progressively Open The Flight Envelope The prototype of Airbus Helicopters’ VSR700 UAS has performed its first free flight. The VSR700 >[...]

The SportPlane Resource Guide RETURNS!!!!

Emphasis On Growing The Future of Aviation Through Concentration on 'AFFORDABLE FLYERS' It's been a number of years since the Latest Edition of Jim Campbell's HUGE SportPlane Resou>[...]

The Summer 2020 ANN-King Schools Giveaway Goes Live!

Help Us Out With A News-Tip Or Fill Out A Survey To Get A Chance to WIN! Want to win a FREE King School’s course, kneeboard, and flight bag? Enter to win by completing either>[...]

ANN's Daily Aero-Term (08.01.20): Charted Visual Flight Procedure Approach

Charted Visual Flight Procedure Approach An approach conducted while operating on an instrument flight rules (IFR) flight plan which authorizes the pilot of an aircraft to proceed >[...]

Aero-News: Quote of the Day (08.01.20)

"The flight instructors at Sporty's Academy and Patty Wagstaff Aviation Safety share the same goal: to make flying safer and more fun. These courses do exactly that, by taking pilo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2020 Web Development & Design by Pauli Systems, LC