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Fired Boeing CEO loses bonus, but still walks away with millions of dollars

The loss of some awards and denial of severance sends a strong signal that the board lost confidence in the once-heralded CEO

Dennis Muilenburg
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Former Boeing Chief Executive Officer Dennis Muilenburg

Anders Melin & Julie Johnsson | Bloomberg New York/ Chicago
Former Boeing Chief Executive Officer Dennis Muilenburg won’t get severance and must forfeit stock awards worth tens of millions of dollars after his botched handling of two deadly plane crashes ended a decades-long career at the firm.
 
He forfeited unvested equity awards that could have been worth as much as $31 million if certain targets had been exceeded, Chicago-based Boeing said Friday in a regulatory filing. Muilenburg, 56, also won’t receive a bonus for 2019.
 
Still, he gets to keep awards and stock options that had already vested, along with his pension and deferred pay — totalling as

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