High salaries provoke some senators that Boeing CEO wants more bonus conditions
The Boeing Company delivered documents to the Securities and Exchange Commission on the 24th stating that the new chief executive officer (CEO), David Calhoun, must achieve a number of business goals, including a full go-around of the 737 MAX series aircraft, within three years in order to receive a sum of $ 7 million.Performance bonus.　　[Many to-do items]In addition to the go-around 737 MAX, Boeing’s other to-do items include: realizing the first manned flight of the new generation of spacecraft Boeing Starcraft; stabilizing the production of KC-46 Pegasus tankers; leading the next-generation dual-engine wideThe commercial aircraft 777X was put into commercial use; the restructuring of the Boeing engineer team; the implementation of the long-term business plan of the Boeing Service Department; the completion of the T-7A Red Eagle trainer aircraft, the MQ-25 stingray unmanned tanker and the Air Force One Presidential Jet 3Objective; to close a joint venture with Embraer when conditions permit.　　The Seattle Times reported that if Boeing’s compensation committee determined that Calhoun had completed the above wish list, he could receive a performance bonus of $ 3.5 million after serving the company for two years and $ 3.5 million after three years.If Calhoun does not substantially achieve the aforementioned business goals by December 31, 2023, the company will recover its entire $ 7 million bonus.Bloomberg News reported that this is the terms of the employment agreement reached between Boeing and Calhoun on January 10 this year.　　Despite the harsh conditions of this performance bonus, Calhoun earns a lot of money as a Boeing CEO: a base annual salary of $ 1.4 million; after he has served as CEO for three years, he can get $ 10 million to compensate for his loss when he left his former employer and switched to Boeing.income.　　In addition, if Boeing meets its annual financial goals, Calhoun will receive $ 2.5 million in annual awards.It is expected that this year’s rewards will be smoothly deposited, but in the next few years, this money may range from zero to five million US dollars depending on Boeing’s financial performance.If Boeing meets its annual fiscal goals in the next three years, Calhoun could receive an additional bonus expected to reach $ 7 million.　　[High salary and dissatisfaction]Calhorn, 62, replaced Dennis Millenberg as CEO of Boeing last December.At the time, Boeing encountered adverse events such as the suspension of production of global 737 boots after two fatal air crashes and the failure of an interplanetary spacecraft test flight. Calhoun was hit in danger.　　Some U.S. Senators have expressed dissatisfaction 成都桑拿网 with Boeing’s two CEOs’ high pay, arguing that Calhoun may pressure regulators for high salaries in exchange for 737 MAX go-around approval; measure thousands of Boeing supplier employees who were laid off and laid off MAX, Millenberg could get about $ 80.7 million termination compensation.　　Boeing proposed on the 24th that the CEO’s bonus is subject to strict recovery policies and will be replaced in the event of improper behavior that undermines the safety of the company’s products or services.　　On the same day, Boeing announced the adjustment of the company’s board of directors. Edward Lidi and Mike Zafirovsky, who have served as directors for more than 15 years, left.The board also appointed Steve Molenkov, CEO of Qualcomm, and Achill Jokhri, Chartered Accountant and Treasurer of United Technologies, as vacancies.It was approved at Boeing’s annual shareholder meeting.(Ocean) (Xinhua News Agency) Original title: Boeing CEO wants more bonus conditions