Boeing CEO Retiring After Turbulent Tenure Marked by Persisting Safety Issues and Deteriorating Labor Relations

Boeing CEO Dave Calhoun is retiring at the end of 2022 after 4 years leading the company during which major problems around safety and quality control persisted.

Calhoun will likely receive millions in retirement pay, bonuses, stock options etc. on top of the $63 million total compensation he has already earned as CEO.

His predecessor Dennis Muilenburg was fired but still walked away with $80 million despite mishandling the response to 2 fatal crashes.

Under Calhoun's leadership, Boeing customer and labor relations have worsened, with 16,000+ layoffs and a possible mechanics strike looming.

Yet Calhoun has kept his job thanks to a loyal board and a business model that makes it hard for Boeing to lose customers or go bankrupt.