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Boeing CEO Makes $21 Million on Paper, Pockets Just $269,321

  • Most of Calhoun’s compensation was based on unvested awards
  • Planemaker’s boss waived salary, bonus amid pandemic crisis
Dave Calhoun
Dave CalhounPhotographer: Christopher Goodney/Bloomberg

Boeing Co. Chief Executive Officer Dave Calhoun got total compensation of $21 million last year, but his take-home pay was a small fraction of that as the planemaker slogged through a deep crisis caused by the coronavirus pandemic.

When Covid-19 sent the aviation industry into the sharpest decline on record last March, Calhoun waived his salary for the rest of the year as well as a guaranteed bonus -- thus forgoing pay of about $3.6 million. In the end, he pocketed $269,321 in salary and got a similar amount in perks, Boeing said Friday in a proxy statement.