As the aerospace giant and weapons manufacturer Boeing faces international outrage and government scrutiny following two deadly plane crashes in the last five months, financial filings showed the company’s chief executive received a 27 percent raise in 2018.
Dennis Muilenburg, Boeing’s chairman and CEO, brought home $23.4 million in total compensation last year, up from $18.5 million the previous year. When stock options are included, Muilenburg pulled in around $30 million, according to Boeing’s Securities and Exchange Commission (SEC) filing.
Muilenburg’s raise is part of a broader trend of soaring CEO pay following President Donald Trump’s $1.5 trillion in tax cuts, which disproportionately benefited the wealthiest Americans.
According to a Wall Street Journal analysis on published Sunday, the median pay of 132 top CEOs climbed to $1 million per month in 2018.
News of Muilenburg’s raise, first reported by the Seattle Times, comes just a week after one of Boeing’s 737 Max 8 airplanes crashed in Ethiopia, killing 157 people.
Following an investigation, Ethiopia’s transport minister said data from the crash showed “a clear similarity” with a 737 Max 8 wreck in Indonesia that killed 189 people last October.
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