SEATTLE (Reuters) – Annual bonuses for more than 100,000 Boeing employees this year will be tied to company-wide performance, rather than by business unit, as in previous years.
Eighty percent of the bonuses are tied to Boeing’s financial performance, with the remaining 20% tied to progress on improving safety and quality, and program execution, according to the 2025 proxy statement filed on Friday with the U.S. Securities and Exchange Commission.   Â
The announced changes come two days after CEO Kelly Ortberg told employees the company’s myriad business units have to work together as part of a wider cultural shift driven in large part by employee feedback that he said he expects to be “brutal to leadership.”
Ortberg’s total compensation in 2024 was about $18.4 million, including a $1.2 million signing bonus and $525,000 in salary since he joined the company in August. He also received $313,000 to relocate to Seattle to be closer to Boeing’s commercial airplane production. The rest of his compensation was in equity grants.Â
Former CEO Dave Calhoun received $15 million in total compensation. He left the company in the wake of a mid-air panel blowout on a nearly new 737 MAX, which revealed widespread quality problems. Â
(Reporting by Dan Catchpole)
