Boeing CEO McNerney earns $23.3 million in 2013

Fri Mar 14, 2014 6:11pm EDT

Boeing's Chairman, President and Chief Executive Officer James McNerney Jr. addresses the media at a news conference in Calgary, Alberta September 6, 2013. REUTERS/Mike Sturk

Boeing's Chairman, President and Chief Executive Officer James McNerney Jr. addresses the media at a news conference in Calgary, Alberta September 6, 2013.

Credit: Reuters/Mike Sturk

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(Reuters) - Boeing Co's (BA.N) Chief Executive W. James McNerney earned $23.3 million in 2013 compared with $27.5 million in 2012, as the value of his pension was unchanged last year.

Boeing said last week that it would end pension plans for 68,000 non-union employees, including McNerney, effective January 1, 2016.

McNerney's total compensation nearly doubled to $39.2 million last year, including stock options exercised and excluding the change in pension value, showed a filing with the U.S. Securities and Exchange Commission on Friday. (r.reuters.com/dam67v)

The value of 64-year-old McNerney's pension had risen by $6.4 million in 2012.

The base salary of McNerney, who has held the top job since July 2005, has remained unchanged at $1.93 million since March 2008.

(Reporting by Mridhula Raghavan in Bangalore; Editing by Kirti Pandey)

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