Wednesday, December 25, 2019

Boeing's fired CEO could walk away with a $60 million golden parachute

By Jackie Wattles, CNN Business
Updated 1742 GMT (0142 HKT) December 24, 2019

Boeing's ousted CEO Dennis Muilenburg left behind a long list of problems at Boeing, but he's walking away with a sizable golden parachute.
The exact amount of money that he will leave with isn't yet clear. That will depend on his negotiations with Boeing (BA), including how the company labels his departure — for example, was it a retirement? A resignation? A layoff?
But public filings show Muilenburg could be entitled to a benefit plan worth more than $30 million and, potentially, a severance payment of about $7 million. Muilenburg also has another $20 million-plus worth of vested stock and a pension package totaling more than $11 million.


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