March 18 at 5:01 p.m.
Filed under:
Chicago executives
By Reuters
Boeing CEO Jim McNerney. (José M. Osorio/Chicago Tribune)
Boeing Chief Executive James McNerney’s compensation was valued at $19.7 million in 2010, up 1.5 percent from the previous year, as Boeing saw a rebound in commercial airplane orders, Boeing said in its proxy filing Friday.
The figure includes McNerney’s salary, bonuses, stock and options award and changes to his pension. McNerney’s annual bonus amounted to $4.4 million. Get the full story »
March 18 at 2:00 p.m.
Filed under:
Litigation,
Work culture
By Reuters
3M Co. has offered to pay up to $12 million to settle a lawsuit that accused the diversified industrial company of discriminating against older workers in performance evaluations, promotions and layoffs. Get the full story »
Dec. 15, 2010 at 9:02 a.m.
Filed under:
Economy
By Associated Press
President Barack Obama, trying to reset strained relations with the corporate world, said Wednesday he would pick the brains of America’s top business executives to help boost tepid U.S. growth and slow hiring.
“This morning I hope to elicit ideas from these business leaders that will help us not only climb out of recession but seize the promise of this moment,” Obama said in a statement.
Obama is meeting 20 top business leaders, including James McNerney, chief executive of Boeing Co., and John Chambers, chief executive of Cisco Systems Inc, to encourage them to ramp up hiring amid strong corporate profits. Get the full story »
