Boeing CEO sees pay jump 34 per cent
March 19, 2012, Chicago, Il. - A good year for Boeing turned into a bigger paycheque for CEO Jim McNerney.
McNerney's pay rose 34 per cent to $18.4 million. The big jump was in his incentive pay, which almost doubled to $8.7 million. His base pay was unchanged at $1.9 million.
The Associated Press calculated his pay based on a Boeing Co. proxy filing on Friday. The calculation counts salary, bonuses, perks, stock and options awarded to the executive during the year.
Boeing says the bigger paycheque was because the company delivered its new 787 and revamped 747-8, won a huge contract to make a new tanker for the Air Force, and other items.
Boeing had a $4 billion profit last year, up more than 21 per cent. Its shares rose 12 per cent for the year.