Alexa The Boeing Company unleashes new executive performance metrics to improve product safety
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The Boeing Company unleashes new executive performance metrics to improve product safety


Defence Technology

The Boeing Company unleashes new executive performance metrics to improve product safety

The Boeing Company, an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide, has unveiled that it is all set to launch new performance metrics for its executives who are tied to products safety and quality management.

The firm has stated that it has come to this decision following fatal 737 MAX crashes due to a technical glitch in its design that flawed the 787 Dreamliner jets. David Calhoun, the Chief Executive Officer of The Boeing Company, has agreed to forgo his pay of $269,231 and incentive bonus after the crash. Due to the COVID-19 pandemic set in, the incentive amount and the initial payment were reduced.

However, Calhoun still earned a total of $21.1 million in total compensation. With the new executive metrics being imposed, the disbursal of a portion of the equity is linked to the safe return to the 737 MAX jets' service. The company has also said that it will successfully introduce a new set of jets. 777X aircraft, among other aircraft.  These unique performance metrics will focus entirely on the safety and quality of executives.


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