Boeing’s CEO will forgo most of his pay for 2020, following sharp criticism from Congress over the company’s 737 Max scandal
"It came in 2 fronts," Calhoun told the network. "No short, no long-term bonus, and no consideration for equity grants until the Max in its entirety is back in the air and flying safely."
In 2018, Muilenburg 's pay rose 27% from the previous year, consisting of $1.7 million in salary and a $13 million bonus, according to regulatory filings. The appearances before the two committees were Muilenburg 's first public testimonies since the two jets crashed in October 2018 and in March. Each flight crashed within minutes of taking off. A combined 346 people were killed. Both crashes have been attributed to an automated system known as MCAS, or Maneuvering Characteristics Augmentation System.
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