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Business Matters: Boeing CEO's $33m exit package

Boeing shareholders approve CEO $33m exit package

18/05/2024 GMT

Boeing CEO's $33m exit package

BBC World Service - Business Matters, Boeing CEO's $33m exit package

Boeing agree on payout deal for boss Dave Calhoun who leaves at the end of the year.

Boeing shareholders sign off on the plane maker’s deal to grant outgoing CEO, Dave Calhoun, a pay package worth nearly $33 million.

Shareholders of plane maker Boeing approved a pay package of nearly $33 million for outgoing CEO Dave Calhoun - the highest ever agreed by the company - at its AGM on Friday. Mr Calhoun, who will leave the company at the end of the year, was also re-elected to stay on the troubled company’s board.

Cubans are enduring some of their bleakest economic times since the Cold War – amid worsening inflation, a scarcity of basic goods and a decades-long US economic embargo. The BBC’s Correspondent, Will Grant, looks at how the situation has impacted on one of Cuba’s most quintessential industries – sugar – to see how tough the situation has become. 

Plus as Mercedes workers in Alabama have voted against joining a union we look at the result means for workers and management.

Rahul Tandon is joined by Peter Ryan, ABC's senior business correspondent, in Sydney and Han Lin, China Country Director of “The Asia Group” a Washington DC based consultancy, and NYU Shanghai professor based in Shanghai.
(Image Credit: The Washington Post/Getty Images.)

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