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by franczesko 1991 days ago
"No individuals have been criminally charged in the government’s investigation into Boeing, which was led by the FBI and the Department of Transportation’s Office of the Inspector General. Dennis Muilenburg, who was CEO when the crashes happened, was ousted in late 2019. He left with more than $60 million in stock options and other assets, though Boeing did not give him a severance."

What a cruel joke

2 comments

"CEOs have to be compensated as much as they are because they shoulder such huge responsibilities." say the apologists for why American CEOs "need" to be paid 500x as much as a typical worker.

How about this: I'll shoulder that grave responsibility for a mere 50x the typical worker, and I'll settle for a golden parachute of just $6M. That's a bargain!

What does $60m in stock options mean? Can they be exercised at profit?