# Boeing CEO gets around $30 mil to leave, he lost the company $8 billion **URL:** \ **Category:** Miscellaneous and Personal Stuff I Must Share\ **Created:** [December 24, 2019, 3:24pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345 "2019-12-24T15:24:47Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Bijou\_Drains](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/bijou_drains/32/2814_2.png) [@Bijou\_Drains](https://boards.straightdope.com/u/Bijou_Drains)\ **Post date:** [December 24, 2019, 3:24pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/1 "2019-12-24T15:24:47Z")
Is America great or what?? I could lose them $8 bil for a lousy $10 mil. > **[Boeing CEO Dennis Muilenburg ousted after a disastrous year | CNN Business](https://www.cnn.com/2019/12/23/business/boeing-dennis-muilenburg/index.html)** > > Boeing CEO Dennis Muilenburg was ousted on Monday after a tumultuous period in which the company faced a series of setbacks, including two fatal crashes, delays and numerous issues with its 737 Max airplane. Boeing continues to struggle to get its... ---
**Author:** ![Quimby](https://avatars.discourse-cdn.com/v4/letter/q/22d042/32.png) [@Quimby](https://boards.straightdope.com/u/Quimby)\ **Post date:** [December 24, 2019, 3:45pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/2 "2019-12-24T15:45:41Z")
Capitalism in action. Most wealth is inherited or is a small group of people giving each other board memberships so they can pick CEOs like this prick. But they have tricked about a third of the population into thinking they might, maybe, possibly someday let them in the club so they get to keep on keeping on. ---
**Author:** ![Voyager](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/voyager/32/133_2.png) [@Voyager](https://boards.straightdope.com/u/Voyager)\ **Post date:** [December 24, 2019, 3:51pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/3 "2019-12-24T15:51:49Z")
But he so deserves it. He must have been making minimum wage all this time. After all, no one who drove a great company into the ground could be making any more. ---
**Author:** ![Velocity](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/velocity/32/18006_2.png) [@Velocity](https://boards.straightdope.com/u/Velocity)\ **Post date:** [December 24, 2019, 3:59pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/4 "2019-12-24T15:59:06Z")
> [@Voyager](#): > > But he so deserves it. He must have been making minimum wage all this time. After all, no one who drove a great company into the ground could be making any more. In fairness to Mullenberg, Boeing was doing fantastic under his leadership prior to the MAX crisis. [Shares jumped by 3x in value. Boeing amassed a backlog of nearly half a trillion dollars’ worth of airplane orders. Sales went up. Boeing’s market value skyrocketed.](http://www.taipeitimes.com/News/biz/archives/2019/03/13/2003711364) Things were going great until they weren’t. ---
**Author:** ![Bijou\_Drains](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/bijou_drains/32/2814_2.png) [@Bijou\_Drains](https://boards.straightdope.com/u/Bijou_Drains)\ **Post date:** [December 24, 2019, 4:40pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/5 "2019-12-24T16:40:23Z")
their space capsule had a major screw up last week so that might have been the final straw that pushed him out. But maybe they were going to ax him anyway. ---
**Author:** ![Ruken](https://avatars.discourse-cdn.com/v4/letter/r/f475e1/32.png) [@Ruken](https://boards.straightdope.com/u/Ruken)\ **Post date:** [December 24, 2019, 5:15pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/6 "2019-12-24T17:15:53Z")
> [@Quimby](#): > > Most wealth is inherited or is a small group of people giving each other board memberships so they can pick CEOs like this prick. Wherever did you get this bizarre and incorrect notion? ---
**Author:** ![Ravenman](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/ravenman/32/2929_2.png) [@Ravenman](https://boards.straightdope.com/u/Ravenman)\ **Post date:** [December 24, 2019, 5:23pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/7 "2019-12-24T17:23:43Z")
Cue the right wingers to say that if he hadn’t been paid so much money, things would have been worse, because salary defines competence. ---
**Author:** ![Gatopescado](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/gatopescado/32/5711_2.png) [@Gatopescado](https://boards.straightdope.com/u/Gatopescado)\ **Post date:** [December 24, 2019, 5:34pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/8 "2019-12-24T17:34:35Z")
> [@Velocity](#): > > Things were going great until they weren’t. Story of my life, right there. ---
**Author:** ![QuickSilver](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/quicksilver/32/7832_2.png) [@QuickSilver](https://boards.straightdope.com/u/QuickSilver)\ **Post date:** [December 24, 2019, 5:41pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/9 "2019-12-24T17:41:13Z")
> [@Voyager](#): > > But he so deserves it. He must have been making minimum wage all this time. After all, no one who drove a great company into the ground could be making any more. In all fairness, he didn’t drive the\* whole\* company into the ground. He didn’t even drive the airplanes that were. What… too soon? ---
**Author:** ![Hari\_Seldon](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/hari_seldon/32/5173_2.png) [@Hari\_Seldon](https://boards.straightdope.com/u/Hari_Seldon)\ **Post date:** [December 24, 2019, 5:44pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/10 "2019-12-24T17:44:53Z")
> [@Velocity](#): > > In fairness to Mullenberg, Boeing was doing fantastic under his leadership prior to the MAX crisis. [Shares jumped by 3x in value. Boeing amassed a backlog of nearly half a trillion dollars’ worth of airplane orders. Sales went up. Boeing’s market value skyrocketed.](http://www.taipeitimes.com/News/biz/archives/2019/03/13/2003711364) Things were going great until they weren’t. Yes, cutting corners makes a whole lot of extra money–until it doesn’t. Why should I be fair to this prick who is responsible for murdering 300 people by cutting corners. ---
**Author:** ![Quimby](https://avatars.discourse-cdn.com/v4/letter/q/22d042/32.png) [@Quimby](https://boards.straightdope.com/u/Quimby)\ **Post date:** [December 24, 2019, 8:43pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/11 "2019-12-24T20:43:06Z")
> [@Ruken](#): > > Wherever did you get this bizarre and incorrect notion? The idea that the there is a lot of cross pollination between the boards of the largest companies is bizarre and incorrect? ---
**Author:** ![Ruken](https://avatars.discourse-cdn.com/v4/letter/r/f475e1/32.png) [@Ruken](https://boards.straightdope.com/u/Ruken)\ **Post date:** [December 24, 2019, 9:16pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/12 "2019-12-24T21:16:46Z")
> [@Quimby](#): > > The idea that the there is a lot of cross pollination between the boards of the largest companies is bizarre and incorrect? “Most wealth is” is a quantitative declaration. You wrote it, now back it up. ---
**Author:** ![smiling\_bandit](https://avatars.discourse-cdn.com/v4/letter/s/e9a140/32.png) [@smiling\_bandit](https://boards.straightdope.com/u/smiling_bandit)\ **Post date:** [December 25, 2019, 3:34am UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/13 "2019-12-25T03:34:56Z")
The real reason is simple: It’s a LOT easier to just pay a failed executive than try a rough fight for it that will damage the company further. For comparison, see Adam Neuman of WeWork. This is, right or wrong, fairly common with top spots of any large organization - though depending on the kind of organization the golden parachute may be made of favors, consulting contracts, or whatever. ---
**Author:** ![Bijou\_Drains](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/bijou_drains/32/2814_2.png) [@Bijou\_Drains](https://boards.straightdope.com/u/Bijou_Drains)\ **Post date:** [December 25, 2019, 11:55am UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/14 "2019-12-25T11:55:29Z")
Whenever my former company bought another company the president of the bought company would stay around for around 6 months and then disappear with no notice. ---
**Author:** ![snowthx](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/snowthx/32/10660_2.png) [@snowthx](https://boards.straightdope.com/u/snowthx)\ **Post date:** [December 25, 2019, 12:55pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/15 "2019-12-25T12:55:26Z")
Business 101: Where you spend your next dollar is more important than where you spent your last. Only time will tell if the change stops the hemorrhaging, and if writing this check to have him removed rights the ship. ---
**Author:** ![Northern\_Piper](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/northern_piper/32/5304_2.png) [@Northern\_Piper](https://boards.straightdope.com/u/Northern_Piper)\ **Post date:** [December 25, 2019, 1:54pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/16 "2019-12-25T13:54:28Z")
> [@Bijou\_Drains](#): > > Whenever my former company bought another company the president of the bought company would stay around for around 6 months and then [b2disappear with no notice\*\*. You used to work for Fat Tony LLC?!? ---
**Author:** ![Northern\_Piper](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/northern_piper/32/5304_2.png) [@Northern\_Piper](https://boards.straightdope.com/u/Northern_Piper)\ **Post date:** [December 25, 2019, 1:56pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/17 "2019-12-25T13:56:32Z")
> [@Velocity](#): > > Things were going great until they weren’t. Rather like their MAX planes. ☹ ---
**Author:** ![Bijou\_Drains](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/bijou_drains/32/2814_2.png) [@Bijou\_Drains](https://boards.straightdope.com/u/Bijou_Drains)\ **Post date:** [December 25, 2019, 2:00pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/18 "2019-12-25T14:00:24Z")
Will people want to fly on those MAX planes? Not sure I would . ---
**Author:** ![racer72](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/racer72/32/3075_2.png) [@racer72](https://boards.straightdope.com/u/racer72)\ **Post date:** [December 25, 2019, 4:04pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/19 "2019-12-25T16:04:02Z")
> [@Bijou\_Drains](#): > > Will people want to fly on those MAX planes? Not sure I would . I build those MAX planes. I would have no problem flying in one. They are the most scrutinized airplane ever built. ---
**Author:** ![hajario](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/hajario/32/171_2.png) [@hajario](https://boards.straightdope.com/u/hajario)\ **Post date:** [December 25, 2019, 4:14pm UTC](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345/20 "2019-12-25T16:14:42Z")
> [@smiling\_bandit](#): > > The real reason is simple: It’s a LOT easier to just pay a failed executive than try a rough fight for it that will damage the company further. For comparison, see Adam Neuman of WeWork. This is, right or wrong, fairly common with top spots of any large organization - though depending on the kind of organization the golden parachute may be made of favors, consulting contracts, or whatever. I doubt it was like here’s $30 million, now leave. It was probably, you’re fired and according to the terms of your contract, here’s your severance. [Next page](https://boards.straightdope.com/t/boeing-ceo-gets-around-30-mil-to-leave-he-lost-the-company-8-billion/845345.md?page=2)