Boeing rightly cops flak over special bonus for new CEO
Salary already compensates David Calhoun for doing what’s expected of him
Boeing’s new CEO shouldn’t need an extra wheelbarrow of money to do his job.
David Calhoun officially took over the top role on Monday after the December ouster of Dennis Muilenburg over his ham-fisted management of the crisis engulfing the 737 Max. With the aircraft having now been grounded for 10 months in the wake of two fatal crashes, Boeing decided to promise its new CEO a $7m special long-term incentive award contingent on certain “key business milestones”, including the successful and safe return of the Max to service...