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Boeing CEO earned US$18 mil after mid-2024 start

Bloomberg
Bloomberg • 2 min read
Boeing CEO earned US$18 mil after mid-2024 start
Boeing’s new CEO Kelly Ortberg received US$18.4 million in total compensation for the five months he spent on the job in 2024. Photo: Bloomberg
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Boeing’s new CEO Kelly Ortberg received US$18.4 million ($24.48 million) in total compensation for the five months he spent on the job in 2024 — although he won’t be able to cash in on much of the award for years, the company said in a filing Friday.

About US$16 million of Ortberg’s pay came from equity-based incentives that will vest over three to four years and were awarded as he joined Boeing amid a management shake-up and months of crisis.

He also received about US$525,000 in salary and a “new hire” cash bonus of US$1.3 million, according to the filing.

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