financetom
Business
financetom
/
Business
/
Boeing ties employee incentive plan to company-wide performance
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing ties employee incentive plan to company-wide performance
Mar 7, 2025 2:38 PM

SEATTLE (Reuters) - Annual bonuses for more than 100,000 Boeing ( BA ) employees this year will be tied to company-wide performance, rather than by business unit, as in previous years.

Eighty percent of the bonuses are tied to Boeing's ( BA ) financial performance, with the remaining 20% tied to progress on improving safety and quality, and program execution, according to the 2025 proxy statement filed on Friday with the U.S. Securities and Exchange Commission.    

The announced changes come two days after CEO Kelly Ortberg told employees the company's myriad business units have to work together as part of a wider cultural shift driven in large part by employee feedback that he said he expects to be "brutal to leadership."

Ortberg's total compensation in 2024 was about $18.4 million, including a $1.2 million signing bonus and $525,000 in salary since he joined the company in August. He also received $313,000 to relocate to Seattle to be closer to Boeing's ( BA ) commercial airplane production. The rest of his compensation was in equity grants. 

Former CEO Dave Calhoun received $15 million in total compensation. He left the company in the wake of a mid-air panel blowout on a nearly new 737 MAX, which revealed widespread quality problems.  

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Warner Bros. Discovery Upsizes Debt Offering to $2.62 Billion, Details Progress on Sales of Senior Notes
Warner Bros. Discovery Upsizes Debt Offering to $2.62 Billion, Details Progress on Sales of Senior Notes
May 23, 2024
08:21 AM EDT, 05/23/2024 (MT Newswires) -- Warner Bros. Discovery ( WBD ) on Thursday said it upsized a previously announced debt offerings to about $2.615 billion from a previous $2.5 billion as of Wednesday. It also updated progress on the sales of various debt, which vary in pricing from 3.900% senior notes due this year to 5.300% due 2039....
Ralph Lauren names insider Picicci as CFO, forecasts dull annual revenue
Ralph Lauren names insider Picicci as CFO, forecasts dull annual revenue
May 23, 2024
(Reuters) - Ralph Lauren ( RL ) on Thursday forecast annual revenue growth below market expectations and named insider Justin Picicci as its chief financial officer, effective immediately. The apparel maker's shares, which have risen about 16% so far this year, were down 4.5% in premarket trade after the company also forecast current-quarter revenue growth below estimates. Demand for pricier...
E3 Lithium Says its Saskatchewan Properties Hold an Inferred 2.54-million tonnes of Lithium in Brines
E3 Lithium Says its Saskatchewan Properties Hold an Inferred 2.54-million tonnes of Lithium in Brines
May 23, 2024
08:21 AM EDT, 05/23/2024 (MT Newswires) -- E3 Lithium ( EEMMF ) on Thursday released a mineral resource estimate for its Estevan Lithium District in Saskatchewan, showing it contains an inferred resource of 2.54 million tonnes of lithium carbonate equivalent. The company, which is developing methods to remove lithium from underground brines, said the 67,000-hectare district covers 5.09-billion cubic meters...
Tesla Reportedly Starts Construction of Factory in Shanghai for Energy Storage Batteries
Tesla Reportedly Starts Construction of Factory in Shanghai for Energy Storage Batteries
May 23, 2024
08:22 AM EDT, 05/23/2024 (MT Newswires) -- Tesla (TSLA) has started construction of a factory in Shanghai to manufacture energy storage batteries, multiple media outlets reported Thursday, citing the company. The EV manufacturing giant will invest roughly 1.45 billion renminbi ($204.1 million) in the plant, Xinhua News Agency reported, citing the administration of Lin-gang Special Area of China Pilot Free...
Copyright 2023-2026 - www.financetom.com All Rights Reserved