General World News

Boeing’s fired CEO got his $62 million payout confirmed the same day 2,800 people in the 737 Max supply chain were laid off

Dennis Muilenburg Boeing composite Spirit AeroSystems

  • Dennis Muilenburg, the recently-ousted CEO of Boeing, is leaving with a $62 million payout, the company said Friday.
  • The substantial award comes despite being fired for poor handling of the fatal crashes, aftermath, and continued suspension from service of the 737 Max.
  • Also on Friday other workers lost their jobs because of the 737 Max: 2,800 employees of Boeing supplier Spirit AeroSystems.
  • Spirit said the workers had to go because there was no work for them in light of Boeing suspending production of the 737 Max while it is grounded.
  • Unlike Muilenburg, they did not get large exit packages, and will instead receive 60 read more >>>

    Source:: BusinessInsider.Com