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Ousted Boeing CEO Dennis Muilenburg to receive $60m in stock and pension


Boeing’s chief executive, Dennis Muilenburg, ousted amid the worst crisis in the company’s history, will depart with stock and pension awards worth more than $60m, the company announced on Friday.Muilenberg, 56, will forfeit stock worth $14.6m, according to Boeing, but is contractually entitled to receive $62.2m in stock and pension awards.Muilenberg presided over Boeing as two of its top-selling 737 Max jets crashed, killing 346 people. The disasters led to a global grounding for the jet and criticism of the company’s cosy relationship with its regulator, the Federal Aviation Administration.

Reported by The Guardian

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