Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

Boeing unveils new executive performance metrics tied to product safety

2021 03 05T201907Z 1 LYNXNPEH241EG RTROPTP 4 BOEING INDIA - Global Banking | Finance

(Reuters) – Boeing Co’s board on Friday unveiled new performance metrics for executives tied to product safety and quality, following fatal 737 MAX crashes related to design defects and as it wrestles with repairs to flawed 787 Dreamliner jets.

The planemaker said its Chief Executive Officer David Calhoun had a take-home pay of $269,231 in 2020 after he agreed to forgo his pay and incentive bonus in March last year as the COVID-19 pandemic set in, according to a proxy filing.

Calhoun still earned $21.1 million in total compensation in 2020 after foregoing about $3.6 million, the company said.

When Calhoun took over as Boeing’s CEO in January 2020, he was also entitled to two supplemental equity awards worth $17 million, but they were not eligible to be vested last year, according to the company.

The disbursal of a portion of the equity awards is linked to the safe return to service of the 737 MAX jets, and the successful entry into service of the 777X aircraft, among other conditions, Boeing said.

(Reporting by Eric M. Johnson in Seattle and Ankit Ajmera in Bengaluru)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post