Boeing CEO Gets Pay Raise Despite 787 Problems

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Jim McNerney, Boeing’s CEO, saw his compensation rise by 15 percent to $21.1 million for 2012. His company rewarded him for better-than-expected profits and faster airplane production. Questions: 1. Based on this information, what was Mr. McNerney’s compensation for 2011? 2. According to the article, why has Boeing’s stock been rising? 3. If Mr. McNerney’s… Read more »

Power to the Employees

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While it is traditionally rare for employee-shareholders to exercise their voting power, the winds may be shifting. According to Morgenson, employee-shareholders are banding together to vote against executive pay in this proxy season. Although she is not sure what actual impact their votes had, at Citigroup, shareholders as a group voted down the $15 million… Read more »

Pressure Packages

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Pressure from financial  institutions and Treasury officials undermined an effort to  limit executive pay at seven companies rescued with taxpayer  money, a new government audit showed on Tuesday.  The official overseeing executive pay for bailout firms  limited cash compensation and made some reductions in pay, but  still approved compensation packages in the millions, the TARP … Read more »