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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 »
Boeing Co. may have overextended the global supply chain on its long-overdue 787 Dreamliner program, but the company is confident it will meet its third-quarter delivery target, Chief Executive Jim McNerney said Wednesday.
Speaking at an event broadcast on cable television network CNBC, McNerney said he believes the company is nearing the end of development for the light-weight, carbon-composite airplane that is nearly three years behind its original schedule. Get the full story »
Boeing Co. said Wednesday it expects to deliver at least 25 of its delay-prone 787 Dreamliner and 747-8 jumbo jets this year, but doesn’t anticipate that the planes will give any near-term lift to its financial results.
Production cost over-runs and penalty payments to pacify airline customers mean Boeing won’t make money off those deliveries, executives told analysts and reporters during a quarterly earnings call, admitting the Chicago-based aerospace manufacturer remains concerned about the overall profitability of the best-selling Dreamliner. Get the full story »
