Boeing
BA
-0.08%
CEO Dave Calhoun took home $32.8 million in pay for 2023, up 45% compared with the $22.5 million earned in 2022. Last year was a good one for the company, but 2024 hasn’t started out as well.
Boeing filed its annual proxy statement on Friday evening, including a summary of compensation for major executives. Calhoun’s pay includes $1.4 million in salary and $30.2 million in stock awards. Other compensation makes up the balance.
It was the highest annual pay for a Boeing CEO this century, company filings show.
Some of the $30.2 million is performance-based pay, which is set according to a variety of financial metrics. One is free cash flow, which took off last year, rising to $4.4 billion from $2 billion in 2022.
www.barrons.com/articles/boeing-ceo-pay-raise-2023-b4948772