But the company seems to have little problem with setting up a compensation package that could net a fired CEO as much as $60 million,.
The exact amount of money that he will leave with isn’t yet clear. That will depend on his negotiations with Boeing (BA
), including how the company labels his departure — for example, was it a retirement? A resignation? A layoff?
But public filings
show Muilenburg could be entitled to a benefit plan worth more than $30 million and, potentially, a severance payment of about $7 million. Muilenburg also has another $20 million-plus worth of vested stock and a pension package totaling more than $11 million.
Muilenburg, 55, became CEO of Boeing, the world’s largest aerospace company, in 2015 after serving in several other executive roles, including chief operating officer and CEO of its defense space and security division, throughout his 34-year tenure at the company at Boeing.