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Boeing's fired CEO got his $62 million payout confirmed the same day 2,800 people in the 737 Max supply chain were laid off

Boeing's fired CEO got his $62 million payout confirmed the same day 2,800 people in the 737 Max supply chain were laid off




Dennis Muilenburg, the recently-ousted CEO of Boeing, is leaving with a $62 million payout, the company said Friday.




The substantial award comes despite being fired for poor handling of the fatal crashes, aftermath, and continued suspension from service of the 737 Max.




Also on Friday other workers lost their jobs because of the 737 Max: 2,800 employees of Boeing supplier Spirit AeroSystems.




Spirit said the workers had to go because there was no work for them in light of Boeing suspending production of the 737 Max while it is grounded.




Unlike Muilenburg, they did not get large exit packages, and will instead receive 60 days' pay.




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The recently-fired CEO of Boeing is leaving the company with a package worth $62 million, the company said Friday — just hours after 2,800 workers lost their jobs over the 737 Max disaster.
Payout details for Dennis Muilenburg, who was ousted from Boeing in late December, were made public in a filing with the US Securities and Exchange Commission.
Muilenburg lost his job over Boeing's disastrous handling of two fatal crashes by the 737 Max in which 346 people died.
The jet was grounded ten months ago, in March 2019. It has no firm date to return to service and Boeing has stopped building new ones.
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