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Anger over ex-Boeing chief’s potential $80m payout

Families of people killed in crashes of Boeing’s 737 Max have reacted with anger at the revelation the company’s ousted chief executive, Dennis Muilenburg, walked away with stock, benefits and share options potentially worth $80m.

The aerospace manufacturer late on Friday said Mr Muilenburg would receive no severance and forgo his 2019 bonus, yet he would receive other contractual benefits. His exit package of vested awards, pension and deferred compensation benefits totals $62.2m. He also has vested stock options from 2013 totalling $18.5m.

“He was fired for poor performance, and he should be treated like any other production employee who gets fired for poor performance,” said Michael Stumo, whose 24-year-old daughter Samya Stumo was killed when Ethiopian Airlines flight 302 crashed in March.

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