Boeing shareholders approve CEO compensation as company faces investigations, potential prosecution

Boeing shareholders approve CEO compensation as company faces investigations, potential prosecution

SeattlePI.com

Published

Boeing shareholders have approved CEO David Calhoun’s $32.8 million compensation. During an online annual meeting on Friday, shareholders also heard company leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes after a door plug blew off a Boeing 737 Max in January. Calhoun says Boeing is finishing a 90-day plan for fixing its manufacturing problems. The Federal Aviation Administration is demanding the 90-day report after the door-plug blowout during an Alaska Airlines flight. Calhoun adds that Boeing is still working to complete an acquisition of key supplier Spirit AeroSystems. Spirit makes fuselages for Max jets.

Full Article