Boeing Ex-CEO Denied Severance, Keeps $80.7 Million of Past Pay
- Dennis Muilenburg stepped down in wake of two plane crashes
- Former GE veteran David Calhoun is set to become CEO Jan. 13
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Former Boeing Co. Chief Executive Officer Dennis Muilenburg won’t get severance and must forfeit stock awards worth tens of millions of dollars after his botched handling of two deadly plane crashes ended a decades-long career at the company.
He forfeited unvested equity awards that could have been worth as much as $31 million if certain targets had been exceeded, Chicago-based Boeing said Friday in a regulatory filing. Muilenburg, 56, also won’t receive a bonus for 2019.