Boeing CEO waived pay but got compensation worth $21 million

[Yo_Mama_Been_Loggin]

Boeing CEO David Calhoun declined a salary and performance bonus for most of last year but still received stock benefits that pushed the estimated value of his compensation to more than $21 million, according to a regulatory filing Friday.

The aerospace giant struggled last year with the continuing fallout from two deadly crashes involving its 737 Max jetliner and a downturn in demand for planes because of the pandemic. Boeing lost nearly $12 billion and announced plans to cut about 30,000 jobs through layoffs and attrition.

Calhoun, who became CEO in January 2020, received $269,231 in salary for the period before he disavowed his salary in March. He also got $289,715 in other compensation, mostly perks such as the use of company planes, retirement benefits and home-security expenses.

The company said Calhoun gave up about $3.6 million by declining most of his salary and a $2.5 million bonus.

But most of Calhoun’s compensation — valued by Boeing at more than $20 million — came in the form of stock benefits that will vest in the next few years, assuming he remains CEO.

https://www.heraldnet.com/business/boeing-ceo-waived-pay-but-got-compensation-worth-21-million/

[Comfortably_Numb]

1. As long as the uber rich are doing ok....

[Baked Potato]

2. That must get a grand laugh over cigars.

[Midnight Writer]

3. It's not easy to lose $12 billion. You expect him to do it for free?

[taxi]

4. Gives up 3.6 for 21. Those aren't 6/1 odds, it's markup.

6/1 odds are what you find on the first Saturday in May. Make one Win/Place/Show bet at 6 to 1 for each tri or super. You know, try to cut your loses just in case you leave out that horse that you just knew would come in.
On the other hand, if you were Calhoun, you could go to the IRS window with your tickets before the race...

[Sympthsical]

5. I just booked a round trip to fly my mom out from across the country

$196 round-trip.

United. Direct Flights. On a Friday and a Sunday.

I've made that flight at least two dozen times since I moved to California. I have never managed that, no matter how many tricks I've pulled. I think I might've managed $250 once with ridiculous lay-overs at off peak times. But typically, the cheapest I can manage is $400-$500.

I also just booked a long weekend in Seattle for mid-April. $90 round-trip.

The airlines are seriously hurting.

This guy apparently is not.