Boeing Boosted CEO’s Pay 20% in Year Before 787 Grounding
This article is for subscribers only.
Boeing Co. boosted Chief Executive Officer Jim McNerney’s compensation 20 percent to $27.5 million last year, before the planemaker’s marquee 787 Dreamliner was grounded by overheating batteries.
McNerney, 63, received $10.8 million of incentive pay in addition to his $1.93 million salary and $840,775 in other compensation, Chicago-based Boeing said yesterday in proxy materials filed with the U.S. Securities and Exchange Commission. He earned $23 million in 2011.