Boeing Chairman Says CEO to Forgo Bonus as 737 Max Fallout Grows

Boeing Chairman Says CEO to Forgo Bonus as 737 Max Fallout Grows
The Boeing logo hangs on the corporate world headquarters building of Boeing in Chicago, Ill. on Nov. 28, 2006. Scott Olson/Getty Images
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Boeing Co. Chief Executive Officer Dennis Muilenburg will waive his 2019 bonus and decline equity grants for at least a year until the grounded 737 Max fleet is flying again “in its entirety,” Chairman David Calhoun said. Muilenburg retains the confidence of Boeing’s board and is the right person to get the troubled jetliner back in the air, Calhoun said Nov. 5 on CNBC.

“We’re going to support Dennis through this process,” Calhoun said. “From the vantage point of our board, Dennis has done everything right,” though he also indicated that Muilenburg will be judged on successfully getting the Max back in service.