Dennis Muilenburg Leaves Boeing With $62 Million Compensation Package | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.19.25

Airborne-NextGen-05.20.25

AirborneUnlimited-05.21.25

Airborne-AffordableFlyers-05.22.25

AirborneUnlimited-05.23.25

Tue, Jan 14, 2020

Dennis Muilenburg Leaves Boeing With $62 Million Compensation Package

Will Receive Benefits But No Severance As He Leaves The Company

Fired Boeing CEO Dennis Muilenburg will leave Boeing with a $62 million compensation and benefits package, according to media reports.

However, the ousted executive will not receive any direct severance pay, according to a report from Reuters.

Mulienburg's compensation as he leaves the company was revealed in a regulatory filing late Friday. At the same time, Boeing released hundreds of internal memos that were harshly critical of the development of the 737 MAX airplane. One said the plane was "designed by clowns who in turn are supervised by monkeys," according to the report.

The Boeing filing showed that Mulinburg will receive the $62 million in compensation and pensions benefits, and that he holds stock options that vested in 2013. At Friday's close, the stocks would be worth about $18 million.

In a statement, Boeing said that Muilenburg "received the benefits to which he was contractually entitled and he did not receive any severance pay or a 2019 annual bonus.”

(Image from file)

FMI: Source report

Advertisement

More News

ANN's Daily Aero-Term (05.29.25): Terminal Radar Service Area

Terminal Radar Service Area Airspace surrounding designated airports wherein ATC provides radar vectoring, sequencing, and separation on a full-time basis for all IFR and participa>[...]

ANN's Daily Aero-Term (05.30.25): Very High Frequency (VHF)

Very High Frequency (VHF) The frequency band between 30 and 300 MHz. Portions of this band, 108 to 118 MHz, are used for certain NAVAIDs; 118 to 136 MHz are used for civil air/grou>[...]

Aero-News: Quote of the Day (05.30.25)

“From approximately November 2021 through January 2022, Britton-Harr, acting on behalf of AeroVanti, entered into lease-purchase agreements for five Piaggio-manufactured airc>[...]

Airborne 05.23.25: Global 8000, Qatar B747 Accepted, Aviation Merit Badge

Also: Virtual FLRAA Prototype, IFR-Capable Autonomous A/C, NS-32 Crew, Golden Dome Missile Defense Bombardier announced that the first production Global 8000 successfully completed>[...]

ANN's Daily Aero-Linx (05.30.25)

Aero Linx: The 1-26 Association (Schweizer) The Association’s goal is to foster the helpfulness, the camaraderie, and the opportunity for head-to-head competition that is fou>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC