ISS Recommends Boeing Investors Vote Against CEO Pay Package
- Pay package worth $32.8 million on the table for CEO Calhoun
- Boeing’s quality control in question ahead of May meeting
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Institutional Shareholder Services urged Boeing Co. investors to vote against a $32.8 million pay package for its chief executive officer, citing concerns over a special equity award and a “sizable increase” in his long-term incentive grant.
CEO David Calhoun’s 45% pay jump from the prior year should be rejected at the company’s annual meeting on May 17, the shareholder advising firm said in a new report. Calhoun said in March that he would step down at the end of 2024.