Boeing says ousted CEO Muilenburg not entitled to severance payment

Muilenburg was fired from the job in December as the company failed to contain the fallout from a pair of fatal crashes that halted output of its bestselling 737 MAX jetliner and tarnished its reputation with airlines and regulators. Based on Boeing securities filings from early 2019, Muilenburg was eligible for about $39 million in severance. “Upon his departure, Dennis received the benefits to which he was contractually entitled and he did not receive any severance pay or a 2019 annual bonus,” Boeing said in a statement. …read more

Source:: Yahoo Finance

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