Boeing ousted CEO departs with Sh6b, no severance pay

Ousted Boeing Chief Executive Officer, Dennis Muilenburg.
Boeing Company’s ousted Chief Executive Officer, Dennis Muilenburg, is leaving the company with Sh6.2 billion ($62 million) in compensation and pension benefits, but will receive no severance pay in the wake of the 737 MAX crisis.

Muilenburg was fired from the job in December as Boeing failed to contain the fallout from a pair of fatal crashes that halted output of the company’s bestselling 737 MAX jetliner and tarnished its reputation with airlines and regulators.

The compensation figures were disclosed in a regulatory filing late on Friday during a difficult week for Boeing when it also released hundreds of internal messages — two major issues hanging over the company before new CEO David Calhoun started work.

The messages contained critical comments about the development of the 737 MAX, including one that said the plane was “designed by clowns who in turn are supervised by monkeys.” The 737 MAX has been grounded since March following the second of two crashes that together killed 346 people within a span of five months.

SEE ALSO :Boeing suspends production of 737 MAX jetliner

“It is incredibly heart wrenching to see the man at the heart of our loss walk away with a reward,” said Zipporah Kuria, whose 55-year-old father from Kenya died in the second crash.  

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BoeingDennis MuilenburgBoeing 737 MAXPlane Crash