Saturday, March 14, 2015

Boeing CEO McNerney got $29M compensation last year

CEO Jim McNerney’s total compensation last year jumped 24% Y/Y to nearly $28.9M, including more than $14M in bonuses, according to an SEC filing. Boeing says it exceeded the internal financial targets used to set executive incentives, even though its share price fell nearly 5% last year. The bulk of McNerney’s increased compensation was in the form of a higher pension value, with stock and option awards broadly flat compared with 2013. Separately, Lockheed Martin (NYSE:LMT) discloses that CEO Marillyn Hewson’s total compensation rose 34% to $33.7M following her second year in charge of the company.

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Qantas Faces Nationwide Flight Disruptions as Engineers and Technical Workers Go on Strike

Qantas passengers should brace for significant flight disruptions in the coming days, as engineers and technical workers at the airline have...