Boeing shareholders approve CEO's compensation as company faces investigations, possible prosecution

abcnews.go.com:

Boeing shareholders have approved CEO David Calhoun’s $32.8 million compensation

Boeing shareholders on Friday approved CEO David Calhoun's $32.8 million compensation and heard leaders explain what the troubled aircraft maker is doing to improve the quality and safety of its planes after a door plug blew off a Boeing 737 Max jetliner in January.

Calhoun said the company is finishing a 90-day plan for fixing its manufacturing problems — a report the Federal Aviation Administration demanded after the door-plug blowout.

The CEO added that the company is still working to complete an acquisition of key supplier Spirit AeroSystems, but he gave no deadline for completion. Spirit makes fuselages for Max jets and has been a source of manufacturing flaws.

The shareholder meeting was conducted online and heavily scripted. A moderator posed a handful of shareholder questions, which Calhoun and Steven Mollenkopf, the new chairman of Boeing's Board of Directors, fielded by seeming to read their answers. None of the questions were too pointed.

Shareholders approved an advisory measure on executive compensation by a 64%-36% margin — nearly all of Calhoun's pay for 2023 was in stock awards — and rejected shareholder resolutions dealing with subjects such as pay gaps for women and people of color, and the company's ties to China.

All 11 nominees to the board were approved. Calhoun got the second-lowest support, at 78%, with former GE Aviation CEO David Joyce last at 67%.

The company has lost more than $23 billion — including $2.2 billion last year — since Calhoun took over as CEO in January 2020, mostly related to a pair of deadly 737 Max crashes that occurred in Indonesia and Ethiopia while he was on the board but before he became