Boeing, the American plane maker, has spent 1.8 million euros on private flights for top executives from 2021, which is 500,000 euros more than originally indicated. This is a significant amount of money for a company that has faced challenges and controversy in recent years.
Being a top executive at Boeing comes with perks like private flights for personal travel, with the company covering expenses like lodging, meals and on-site transportation. The four top executives at Boeing have spent a combined €1.8 million on these trips from 2021, which is more than the amount originally reported.
CEO Dave Calhoun, who announced his imminent departure from the company, only had private travel expenses of over €900,000. His total compensation for 2023 exceeded €30 million, an increase of 45 percent compared to the previous year. Calhoun refused an annual bonus of 2.6 million euros after a security incident involving a Boeing 737 Max plane.
Boeing is facing challenges and is undergoing a management reorganization following security incidents and financial losses. The plane maker has struggled from fatal crashes in 2018 and 2019, as well as the impact of the COVID-19 pandemic. The company experienced its first net loss in more than two decades in 2020.
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