this post was submitted on 07 Apr 2024
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Economics

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Boeing CEO Dave Calhoun was awarded a giant stock bonus on top of his more-than-a-million-dollar salary last year, despite overseeing a company that has been plagued by chronic losses and safety problems.

Calhoun’s total compensation in 2023 was $32.8 million, a 45% increase from the $22.6 million he received for 2022. And it could have been a lot more: He declined to accept his annual incentive bonus of $2,800,000 – a request the board said he made after part of a Boeing 737 Max plane blew off the side of an Alaska Airlines flight in January, kicking off a series of federal investigations, a temporary grounding, executive ousters and another embarrassing public relations blunder for the company.

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[–] [email protected] 1 points 7 months ago

making effective passenger aircraft simply isn’t economically viable. Both boeing and airbus as well as their competitors in Embraer and whatever the chinese have are all subsidized by their respective governments.

For an insight on the economics and process I liked this article https://www.construction-physics.com/p/a-cycle-of-misery-the-business-of