Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. Video
Boeing CEO compensation rose in 2011
(Reuters) - Boeing (BA.N) Chief Executive James McNerney had total compensation valued at $22.96 million last year, up 16 percent from 2010, as earnings rose and the company had successes that included winning a big U.S. Air Force tanker competition.
McNerney, 62, who has been chairman and CEO of the second largest plane maker since July 2005, had a salary of $1.93 million, unchanged from 2010. His compensation also included non-equity incentive pay of $8.7 million, and stock and option awards each valued at about $3.4 million.
Last year, Boeing's net earnings jumped 21 percent to $4 billion as revenue rose about 7 percent to $68.7 billion.
In its proxy filing, Boeing noted 2011 achievements such as its win of a U.S. defense contract valued at more than $30 billion to build aerial refueling tankers, the certification and delivery of its carbon-composite 787 Dreamliner plane and record orders of the widebody 777.
(Reporting by Karen Jacobs)
- Tweet this
- Share this
- Digg this