Boeing’s embattled chief executive, Dennis Muilenburg, has waived multi-million dollar bonuses and share awards, in a bid to restore confidence in his leadership after two fatal crashes involving the company’s newest jet, the 737 Max.
David Calhoun, who became chairman last month after Mr Muilenburg was stripped of the role, said the Boeing chief had offered to waive his performance awards at the weekend following meetings with families of the 346 victims who died in the crashes.
The gesture comes after members of Congress called on Mr Muilenburg to resign and fiercely criticised his pay in two days of intense questioning over Boeing’s responsibility for the crash of both Lion Air flight 610 in October last year and Ethiopian Airlines Flight 302 in March 2019. Investigators have pointed to the anti-stall system on the 737 Max as a significant factor in the incidents.