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Well paid even without a bonus: New Boeing boss has to solve all major problems for bonus


ZEIT ONLINE | News, backgrounds and debates

Chicago (dpa) - The new Boeing boss Dave Calhoun not only has to solve the crisis for the medium-haul jet 737 Max for his multi-million dollar bonus.

The group makes the agreed payment of seven million US dollars (around 6.45 million euros) dependent on whether the manager will have control of the other major construction sites of the group by the end of 2023. On the list: the modernized wide-body jet 777X, the tanker aircraft KC-46 and the spaceship "Starliner".

For example, Calhoun must achieve regulatory approval for the 777X and successfully bring the jet to regular service with airlines, according to a Boeing announcement from Tuesday night. Airlines worldwide have ordered the plane, including Lufthansa. Thanks to new engines and improved aerodynamics, the 777X is said to consume significantly less kerosene than the predecessor Boeing 777. Technical problems had forced the manufacturer to postpone the schedule for the first flight and delivery of the model.

The "Starliner" spaceship has already flown - but the unmanned test flight at the end of 2019 had to be canceled after a failed start. Calhoun also needs to address issues related to the production of the KC-46 military tanker. In addition to delays and billions in additional costs, there were problems with technical defects and foreign bodies in the machines, which apparently left workers behind in production. Boeing also had the foreign body problem with the 787 "Dreamliner" long-haul jet and the 737 Max.

With the modernized medium-haul jet, Boeing has maneuvered into a huge crisis. After two crashes with 346 deaths, the most popular Boeing type until then has not been allowed to take off worldwide since mid-March 2019. The manufacturer has also stopped production, the re-registration is delayed. Management expects that the "Max" will only be able to take off again in mid-2020.

The company recently put the cost of the 737-Max disaster at $ 18 billion. The previous boss Dennis Muilenburg had to leave at the end of 2019. Calhoun is measured by the fact that he can predictably and safely get the aircraft back into the air. However, the manager would still be well paid without a bonus: he is entitled to an annual remuneration of $ 10.9 million and additional shares worth $ 10 million, which he will receive after three years.

Source: zeit

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