Boeing’s 2024 Proxy Statement: Executive Compensation includes retirement gifts for Calhoun, Deal
Boeing recently disclosed the details of executive compensation in their SEC filing for the year 2024. The filing outlined the pay received by top officers at Boeing Commercial Aircraft (BCA) and Boeing Defense (BDS). The document revealed that CEO David Calhoun received a total compensation package of $21.1 million, which included a base salary of $1.7 million, stock awards worth $10.7 million, and other incentives and bonuses.
The SEC filing also shed light on the compensation received by other top executives at Boeing. For example, BCA CEO Stan Deal was awarded a total of $15.2 million in 2024, while BDS CEO Leanne Caret received $14.3 million. These compensation packages included base salaries, stock awards, and various other forms of incentives and bonuses.
The details provided in the SEC filing have sparked discussions about executive pay at Boeing. Some have questioned the fairness of such high compensation packages, particularly in light of the company’s recent struggles. Boeing has faced numerous challenges in recent years, including the grounding of the 737 MAX and the impact of the COVID-19 pandemic on the aviation industry. Critics argue that such hefty pay packages for executives are unjustified, given the company’s performance during this period.
In response to these criticisms, Boeing has defended the compensation awarded to its executives. The company has stated that the pay packages are in line with industry standards and are necessary to attract and retain top talent. Boeing maintains that its executives play a crucial role in steering the company through challenging times and ensuring its long-term success. As such, the compensation provided to these individuals reflects their contributions and responsibilities within the organization.
Despite Boeing’s rationale for the executive pay packages, the issue remains contentious. Shareholders and stakeholders continue to debate the fairness of such high levels of compensation, especially when compared to the salaries of rank-and-file employees. Some argue that the disparity in pay between executives and workers is excessive and highlights broader issues of income inequality within the company.
The disclosure of executive compensation in the SEC filing has brought greater transparency to Boeing’s corporate practices. By sharing these details, the company has opened itself up to scrutiny and debate about how it rewards its top leadership. As discussions continue, it remains to be seen whether any changes will be made to the executive compensation structure at Boeing in the future.
