Boeing: 777X delayed delivery many times, intends to cancel CEO Calhoun's $7 million bonus
Civil Aviation Resource Network News on March 6, 2023: According to CNN, Boeing's board of directors recently canceled CEO Calhoun's $7 million bonus due to Boeing's delay in delivering the 777X wide-body aircraft. According to Boeing documents, Calhoun began to serve as the CEO of Boeing in January 2020. Calhoun needs to achieve a number of business goals such as the full return of the 737MAX series aircraft within three years before he can receive a sum of US$7 million. performance bonus.
Boeing said last year that the first deliveries of the 777X would be delayed by at least a year to early 2025, and certification would take longer. Boeing originally planned to deliver the model in 2020. As such, the company said Calhoun would not receive the $7 million. But Calhoun's total compensation has risen, from $21.1 million in 2021 to $22.5 million in 2022. Taxiway Indicator Light manufacturers,Customized Medium B obstruction light
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