Boeing CEO total 2010 compensation $19.7 mln

Fri Mar 18, 2011 4:14pm EDT

* Boeing CEO compensation valued at $19.7 mln in 2010

* Bonus amounted to $4.4 mln

CHICAGO, March 18 (Reuters) - Boeing Co (BA.N) Chief Executive James McNerney's compensation was valued at $19.7 million in 2010, up 1.5 percent from the previous year, as Boeing saw a rebound in commercial airplane orders, Boeing said in its proxy filing on Friday.

The figure includes McNerney's salary, bonuses, stock and options award and changes to his pension. McNerney's annual bonus amounted to $4.4 million.

Boeing and other aerospace companies are recovering from an economic downturn that weakened aircraft orders.

The world's largest aerospace and defense company took net total orders for 625 commercial airplanes in 2010, compared with 263 in 2009. The company reported 462 commercial airplane deliveries for 2010 compared with 481 in 2009. Boeing gets paid for its planes at delivery.

Boeing's business is split between commercial airplanes and defense. But its shares are more closely aligned with Boeing's commercial airplanes unit.

The shares of Boeing, a Dow component, closed up 1.2 percent at $69.10 on the New York Stock Exchange. (Reporting by Kyle Peterson; Editing by Gary Hill)

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Comments (1)
GlassKnees wrote:
Uh, and what exactly did Jimmy do to earn that much cheese? Let’s review, shall we? SBINET – total disaster, and the govt. pulled the plug. FCS, or BCTM, or whatever they call it nowadays – call it dead. After BILLIONS spent, all the Army gets is are expensive radious of dubious quality, Linux-based computers that take a long time to boot up and are also hardly reliable, only to control an IROBOT drone that could be driven with a WII controller for much less $$. And then, there’s the 787 NightmareLiner. Do we need to review that??? But hey, Boeing managed to snag the Tanker without any more ethics issues. Is that worth $19M?

Mar 18, 2011 6:02pm EDT  --  Report as abuse
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