TECHNOLOGY

Boeing says no severance package for ousted CEO Muilenburg

Boeing Chairman, President and CEO Dennis Muilenburg speaks at the New York Economic club luncheon in New York City, New York on October 2, 2019. (Reuters)

Former Boeing Chief Executive Dennis Muilenburg, who was criticized for his handling of the 737 MAX crisis, will receive no severance package, the company disclosed Friday.

Muilenburg also will not garner 2019 compensation under an annual bonus plan, the company said in a securities filing.

Muilenburg was ousted last month as the grounding of the MAX has dragged on after two deadly crashes.

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Last Update: Saturday, 11 January 2020 KSA 01:31 - GMT 22:31
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