Boeing's ousted CEO departs with $62 million even without severance pay

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Boeing's ousted CEO departs with $62 million even without severance pay

Late on Friday, the 10th of January 2020, at a regulatory filing Boeing Co. had revealed its compensation amount for its former Chief Executive Dennis Muilenburg ousted on December over hopes of developing relationship with the investors and regulatory authorities.

According to Boeing Co.’s regulatory filing, the ousted Boeing Co. boss, Dennis Muilenburg, long-criticized for his attempts to play a hide-and-seek with the investors and stakeholders on when the world’s No. 1 planemaker’s best-selling 737 MAX would be able to return in to the sky for commercial purposes, would be exiting the company with a compensation of $62 million alongside pension benefits, however, would not receive any kind of severance pay amid a growing grudge of 737 MAX crisis.

In point of fact, the Illinois planemaker’s new Chief Executive, David Calhoun had already cleared up the fogs circulating around a particular timeframe on when Being Co.’s grounded MAX 737 could be back in to commercial services shortly after the announcement of Muilenburg’s ousting saying there had not exactly been a particular timeline for Boeing Co.’s MAX 737 certification, while Boeing Co.

had also revealed hundreds of internal messages from Boeing employees who mocked over the designs of Boeing 737 MAX from time to time and expressed sheer concerns over its safety compliance on Friday (January 10th). However, Boeing Co.’s new CEO Calhoun would join the office as Boeing Co. CEO on Monday (January 12th), though no particular progress was expected in a near-term outlook, suggested analysts.