Boeing CEO David Calhoun's 45% pay hike to $32.8 million should be rejected, shareholder advisory says

Key Facts

• A mid-air door plug blowout on an Alaska Airlines flight in January prompted a temporary grounding of Boeing’s 737 Max jets, a Federal Aviation Administration investigation and an order to halt planned production increases of the company’s most important model.
• In late April, proxy adviser Glass Lewis & Co. urged shareholders to vote against the reelection of Calhoun, who had already said he would step down, as well as two other directors because of concerns about oversight of the company’s safety culture.
• The Glass Lewis report said it also opposed the reelection of David Joyce and Akhil Johri.
• ISS said it would support, with caution, the reelection of Joyce, citing quality control issues that will need to be fully resolved for the planemaker to regain public confidence.

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