Boeing CEO Dennis Muilenburg will take a significant cut in pay for 2019 and 2020, according to the company's new chairman, due to widespread criticism after two fatal 737 Max crashes that killed 346 people and have been tied to a faulty safety system
New York Boeing CEO Dennis Muilenburg will take a significant cut in pay for 2019 and 2020, according to the company's new chairman.
In an interview on CNBC Tuesday morning, Dave Calhoun, who was named Boeing's chairman last month when the board stripped Muilenburg of that title, said that the CEO called him Saturday morning to suggest he shouldn't take any stock or bonus money for this year. The pay cut is due to widespread criticism of the company after two fatal 737 Max crashes that killed 346 people and have been tied to a faulty safety system on the plane.
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