Family members of Ethiopian Airlines crash victims say the massive payout is yet another example of how Boeing has put profits over safety.
Hundreds of people who lost loved ones aboard doomed 737 Max jets learned Friday evening that Dennis Muilenburg — the fired Boeing chief executive who presided over the flawed airplanes’ development and pushed regulators to keep them in the air — will receive at least $62 million on his way out.
The jets were not grounded until shortly after the second crash in mid-March of last year. Even then, Muilenburg pressured the government to allow them to fly, going so far as to But Muilenburg’s own compensation package is nearly as large as what the company offered families. His $62 million in stock and pension benefits is accompanied by additional stock options worth $18.5 million. He could have received even more, but forfeited a $14.6 million severance package.
Internal Boeing documents show employees discussing efforts to manipulate regulators scrutinizing the 737 Max “Investors have had a front seat [at Boeing] for the last 20 years. … They need to take a back seat now,” Stumo said.
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