logo
Share SHARE
FONT-SIZE Plus   Neg

Boeing CEO's Annual Compensation Rises 16.3 %

Boeing Co.(BA), in a proxy filing, reported that its Chairman, President and Chief Executive Officer James McNerney's compensation for 2011 increased 16% to $22.96 million from $19.74 million a year earlier.

McNerney's 2011 compensation included a base salary of $1.93 million, stock awards of $3.42 million, option awards of $3.42 million, non-Equity incentive plan compensation of $8.70 million and all other compensation totaling $0.93 million.

Boeing CEO's fiscal 2010 compensation comprised base salary of $1.93 million, stock awards of $3.30 million, option awards of $3.30 million, non-equity incentive plan compensation of $4.43 million and all other compensation of $0.79 million.

In 2011, McNerney's target annual incentive payout remained at 170% of base salary with a maximum potential payout of 230% of base salary. McNerney received an annual incentive payout of about $4.4 million for 2011. In addition, Mr. McNerney received a 2009-2011 performance award of $4.26 million or 68% of the target set at the beginning of the performance period in 2009. In 2011, the Compensation Committee increased McNerney's aggregate target awards under its long-term incentive program to 590.7% of base salary. McNerney's aggregate long-term incentive target awards were 650% of base salary in 2009 and 570% of base salary in 2010.

The airlines company reported that its Executive V.P., Corporate President and Chief Financial Officer James Bell's compensation also increased to $7.07 million from $5.39 million from last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
GoPro Inc. (GPRO) has launched two new mobile video editing applications for its users. The two new mobile apps Quik and Splice will help users to manage, edit, and share all of the content from GoPro cameras and mobile devices. In February, GoPro had acquired two mobile video editing apps, Replay... Fast changing fashion trends have been hitting Aeropostale badly for the last several quarters, and at last it opted for Chapter 11 bankruptcy filing on Wednesday. Google will collaborate with Fiat Chrysler Automobiles N.V. to integrate Google's self-driving technology into the 2017 Chrysler Pacifica Hybrid minivans. The collaboration will expand Google's existing self-driving test program and also marks the first time that Google will be working directly with an automaker to integrate its self-driving system.
comments powered by Disqus
Follow RTT