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Boeing CEO Dennis Muilenburg Will Not Take Bonuses For 2019

Boeing Executive Director Dennis Mullenburg testifies before the House Transportation and Infrastructure Committee during the hearing of a grounded 737 MAX following a deadly catastrophe on Washington Capitol Hill, October 30, 2019.

Sarah Silber Reuters

Boeing CEO Boeing Dennis Mühlenburg has suggested he give up all bonuses this year as the company overcomes the crash of two 737 Max crashes, the company's new chairman told CNBC on Tuesday.

The decision was severely criticized by lawmakers at Capitol Hill hearings last week for last year's CEO's compensation that exceeded $ 20 million, despite a collapse of 737 Max in Indonesia in October 201

8. Another 737 Max crashed in Ethiopia in March.

Boeing Chairman David Calhoun said Muilenburg was calling him Saturday morning "in order to offer not to take any compensation for 2019 in the form of bonuses, which, of course, is most of your compensation . "

"It came on two fronts: one, not a short one – not a long-term bonus and three, not counting any equity grants until Max, in its entirety, returned to the air and flew safely," Calhoun said, adding. that it could take up to 2021 before Max returns to the air "altogether."

Deputies last week against Mullenburg for his compensation and refusal to withdraw from the crisis. The two-day hearing was difficult for Mullenburg, Calhoun said. On the night after the first hearing, Mullenburg listened to the victims' families.

"He listens for several hours to every story, every story that the families of his victims have presented. It changes him for life," Calhoun said.

The Boeing board deprived Mullenburg of his presidency on October 11, saying that he had "full confidence" in him as CEO and that the move would help him better resolve the 737 Max's problems. around the world after the second crash in March, forcing Boeing to halt deliveries and produce sliced-up production of its best-selling aircraft. in force. "t signed.

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