Emeritus Prof Christopher May on Nostr: One more example of payment for failure in the higher echelons of capitalism. As he ...
One more example of payment for failure in the higher echelons of capitalism.
As he prepares to step down, David Calhoun, Boeing's CEO gets a bonus award pushing easy year's salary (albeit some of it is in shares he cannot sell immeidately) to over $30mn.
So in the second year of Boeing's existential crisis, he was still awarded a 45% pay rise.
This looks like the friends of a CEO (on the Board) giving him a parting gift as he steps away from a wreck he is responsible for!
#boeing
As he prepares to step down, David Calhoun, Boeing's CEO gets a bonus award pushing easy year's salary (albeit some of it is in shares he cannot sell immeidately) to over $30mn.
So in the second year of Boeing's existential crisis, he was still awarded a 45% pay rise.
This looks like the friends of a CEO (on the Board) giving him a parting gift as he steps away from a wreck he is responsible for!
#boeing