Boeing executives to give up all pay
Boeing announced several extraordinary measures to help the company through the coronavirus crisis which has left the entire aerospace industry reeling. The manufacturer says March 20 that CE Dave Calhoun and board of directors’ chairman Larry Kellner will forgo all pay until the end of the year. Boeing will also suspend dividends and continue to pause share repurchasing plans until further notice. The company had suspended stock buyback programs almost a year ago, following the grounding of its 737 Max. “Boeing is drawing on all of its resources to sustain operations, support its workforce and customers, and maintain supply chain continuity through the COVID-19 crisis and for the long term,” the company says. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-23/general/boeing-executives-to-give-up-all-pay
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Boeing executives to give up all pay
Boeing announced several extraordinary measures to help the company through the coronavirus crisis which has left the entire aerospace industry reeling. The manufacturer says March 20 that CE Dave Calhoun and board of directors’ chairman Larry Kellner will forgo all pay until the end of the year. Boeing will also suspend dividends and continue to pause share repurchasing plans until further notice. The company had suspended stock buyback programs almost a year ago, following the grounding of its 737 Max. “Boeing is drawing on all of its resources to sustain operations, support its workforce and customers, and maintain supply chain continuity through the COVID-19 crisis and for the long term,” the company says. <br/>
