"New Boeing Boss Gets $18.4 Million in Pay for 2024"

Ladies and gentlemen, buckle up! The new Boeing boss, Kelly Ortberg, just landed a whopping $18.4 million in pay for 2024. That’s right, folks! This is a man on a mission to turn around the ailing plane-maker, and Boeing is putting its money where its mouth is. Let’s dive into the details and see what this means for investors like you and me.



First things first, Ortberg’s compensation package is a mix of cash and stock awards. He got $1.8 million in pay last year, plus stock awards that will vest over four years with a projected value of $16 million. That’s a lot of skin in the game, folks! Boeing is betting big on Ortberg to turn things around, and they’re tying his compensation to the company’s performance. This is a no-brainer move by Boeing to align Ortberg’s interests with those of the shareholders.

Now, let’s talk about the perks. Ortberg’s package includes the use of company aircraft, pension contributions, and more than $300,000 in expenses for his relocation to Seattle. This is the kind of treatment you give to a CEO who’s expected to deliver big results. And deliver he must, because Boeing is in a world of hurt. The company burned through $14.3 billion in cash and reported a loss for the year of $11.8 billion. That’s a staggering amount of red ink, and Ortberg has his work cut out for him.

But here’s the thing, folks: Boeing is confident that Ortberg is the man for the job. Wall Street analyst Rob Stallard of Vertical Research Partners wrote in a note to investors last week: “Clearly there are a massive number of problems at Boeing, but with Kelly as CEO we think there is at least a chance of fixing them.” That’s high praise, and it shows that Boeing is serious about turning things around.

Now, let’s talk about the risks and opportunities for investors. Ortberg’s compensation package includes a significant portion of stock awards, which means his pay is tied to the company’s stock price. If Boeing’s stock price rises above the elevated exercise price of $200.01, Ortberg’s compensation will increase, providing a potential upside for investors. But if the stock price fails to meet this threshold, the stock options will be worth nothing, potentially leading to a decrease in Ortberg’s compensation and a loss of investor confidence.

So, what’s the bottom line, folks? Boeing is making a big bet on Kelly Ortberg to turn things around, and they’re putting their money where their mouth is with an $18.4 million compensation package. This is a high-stakes game, and Ortberg has his work cut out for him. But if he can deliver, the potential upside for investors is huge. So, do you have the guts to invest in Boeing? The choice is yours, but remember: this is a company on the brink, and Ortberg is the man they’re counting on to save the day. BOO-YAH!