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Boeing shareholders approve CEO compensation as company faces investigations, potential prosecution
Boeing shareholders have approved CEO David Calhoun’s $32.8 million compensation. During an online annual meeting on Friday, shareholders also heard company leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes after a door plug blew off a Boeing 7
Calhoun said the company is finishing a 90-day plan for fixing its manufacturing problems — a report the Federal Aviation Administration demanded after the door-plug blowout. A moderator posed a handful of shareholder questions, which Calhoun and Steven Mollenkopf, the new chairman of Boeing’s Board of Directors, fielded by seeming to read their answers. It could also face criminal prosecution for allegedly violating terms of a settlement with the Justice Department after two deadly Max crashes in 2018 and 2019.
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