Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: nickcarraway
And at the same time Boeing compensated their CEO David Calhoun nearly $33 million because he's doing such a great job...
4 posted on 04/05/2024 4:09:50 PM PDT by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Yo-Yo

They gave Muilenberg $62 million when they fired him...

https://www.nbcnews.com/business/business-news/boeing-s-ousted-ceo-departs-62-million-even-without-severance-n1114061

The joke of this is, whatever “savings” Boeing thought it was generating by this lowest cost contracting out and endless financial based cost cutting, has been dwarfed by just this one payout.

Prioritizing financials, rather than safety and engineering excellence, fails on its own terms.

But they keep doing it because it seems to work in the short term, and douches like Calhoun and Muilenberg keep getting big payouts based on it.


5 posted on 04/05/2024 4:30:41 PM PDT by Reverend Wright ( Everything touched by progressives, dies !)
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson