Boeing CEO Says Will Forgo Most Of His Pay Until 737 MAX Resumes Services

Dennis Muilenburg also said he plans to donate significantly to a fund to help the families of the 346 people killed in two fatal 737 MAX crashes.

Boeing CEO Says Will Forgo Most Of His Pay Until 737 MAX Resumes Services

Dennis Muilenburg has refused to accept any bonuses for the year 2019

WASHINGTON:

Boeing Company chief executive Dennis Muilenburg said on Wednesday he will forgo "tens of millions of dollars" in compensation after asking board to waive bonuses on Saturday.

Boeing chairman Dave Calhoun said on Tuesday that Muilenburg had asked not to receive any bonuses for 2019 or equity grants and not to receive any new equity grants until the 737 MAX has returned to service in its entirety, which might not happen until early 2021.

Muilenburg also said he plans to make significant donations to a fund to help the families of the 346 people killed in two fatal 737 MAX crashes.

"It's not about my money," Muilenburg said at The New York Times DealBook Conference.



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