Boeing CEO Dennis Muilenburg was grilled about his salary on Wednesday, the second day of congressional hearings about the company’s 737 Max jets, which were involved in two fatal crashes.
Rep. Steve Cohen, D-Tenn., questioned in a heated exchange whether Muilenburg was taking responsibility for the fallout from the crashes, which killed 346 people in total. Cohen asked if anyone at the company had taken a pay cut amid the grounding of the 737 Max.
“You’re saying you’re not giving up any compensation at all,” Cohen asked Muilenburg. “You’re continuing to work and make $30 million a year after this horrific two accidents that caused all these people’s relatives to go, to disappear, to die.”
Muilenburg earned total compensation of just under $23.4 million for 2018, according to a Securities and Exchange Commission filing. He also cashed in delayed stock payouts from previous years, bringing his total actual compensation for the year to $30 million.
Source Article from https://www.cnbc.com/2019/10/30/boeing-ceo-grilled-over-salary-accountability-on-capitol-hill.html
Comments