Breaking News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Boeing CEO's Annual Compensation Rises 16.3 %

RELATED NEWS
Trade BA now with 
3/17/2012 1:11 AM ET

Boeing Co.(BA: Quote), 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.

Register
To receive FREE breaking news email alerts for Boeing Co. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Justin Moore has been named Humanitarian of the Year by by the Armed Forces Foundation. Moore received the award alongside Big Machine Label Group President/CEO Scott Borchetta for their service and commitment to the morale and welfare of military families through the Crown Royal "Your Hero's Name Here" contest. International Business Machines Corp. said Wednesday after the markets closed that its first quarter profit fell 21% from last year, hurt by lower revenue as well as a hefty workforce rebalancing charge. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Stocks moved sharply higher over the course of the trading day on Wednesday, further offsetting the steep losses posted late last week. The markets benefited from a positive reaction to the latest earnings news as well as remarks by Federal Reserve Chairman Janet Yellen. The major averages saw further upside going into the close, ending the session at their best levels of the day.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.