Boeing CEO salary: Boeing CEO James McNerney gets $19 billion i...

Why is he a crook? I'm not exactly sure how health insurance comes into this, Boeing makes airplanes. If people don't have insurance, I don't get how CEO bonuses play into that. But the whole point of my comments is, it's a private company, who cares how much the guy makes? It's not like he's some corrupt politician who is on the take. Why is the Tribune even writing about this?

If pigs could fly!.
Let's see you are late on orders for the Dreamliner, your employees were forced to strike and you take home 19 million.
The morale ADF of your CEO is broken.

Andy wrote:

Why is he a crook? I'm not exactly sure how health insurance comes into this, Boeing makes airplanes. If people don't have insurance, I don't get how CEO bonuses play into that. But the whole point of my comments is, it's a private company, who cares how much the guy makes? It's not like he's some corrupt politician who is on the take. Why is the Tribune even writing about this?

Actually it is a Publically traded company, which means many of us including myself own shares of stock or bonds in the outfit.
I have a financial stake in the company and deserve to know how much this CEO is making.

Andy wrote:

I still don't understand what is wrong. Because people don't have health insurance, this guy shouldn't get paid? As long as he's not stealing money from the company or something, there's nothing wrong with it. That's the reason people work hard and try to become a CEO or whatever.

I do consider CEO pay of 19 million a year from a publically traded company theft.
Now as for the medical benefits, many companies promised folks benefits during employment and many the same benefits in retirement.
Now Andy, let's say you started working at a major Corporation on your 18th birthday and worked for the next 30 years, You get ready to retire but find that the company has mismanaged the pension and benefit fund and you will only get 60% of the promised pension and 0 health benefits, you would be very angry.
Meanwhile all the CEOs that you had worked under had all made 150 times your annual pay and had a seperate health and pension plan that was stashed away in a seperate and irrevocable trust while you waited in line at County Hospital.
This has been and is the problem.
The CEO's need to feel the same pain as we do.
I have nothing wrong with pay for performance, but while we make 60 thousand a year these guys and gals are raking in big bucks while driving their companies off the cliff.

I hope that this guys conscience is clean knowing that he is making $19 million this year and then seeing on January 29th, 2009 that his company is going to lay off 10,000 workers???
The greed of these CEO'S is beyond belief. Totally, totally ridiculous and I hope they pay for it in the next life.

You need to pull the 990 for the IAM, and see what their fat cats are pulling in. After costing the company and its employees BILLIONS in lost revenue and cash flow, their pockets are also nicely lined.

spirit wrote:

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Who is talking about the same pay?And since when $500000 isn't a reward?And what is the reason for this 47 million not to have insurance?Is it that they don't want it or it's because they don't get rewarded right?So when is about normal people is fair amount of money?When we talk about crooks(CEO's) there is no limit they work hard for it.

What were McNerney's 2008 accomplishments?

How is it that the labor stopage (that according to Boeing SEC filings and public statements by McNerney) which impacted Boeing earnings is not factored in to a decision to award bonuses to the parties responsible for earnings?

Given the cost overruns, disappointed customers,missed program milestones (787, 747-8, Wedgetail, Tanker...) stock price collapse, earnings missed - just WTF needs to not be EXECUTED for BA 'Chief Executives' to take a hit in compensation?

To be outraged (as a customer, employee, stockholder, community member, or casual observer) is NOT some GD socialist impulse, it is a rational outcome of witnessing malfeasance rewarded at the expense of everyone connected in any way to this company.

The fact is that if McNerney and the whole crew of 'Executives' at Boeing had been gone (a.k.a. Go Galt!) for 57 days in 2008 the worst that could have happened to the company would have been savings of the compensation.

If McNerney and crew have any respect for their customers, shareholders and employees they will defer any compensation for 2009 and (somehow!!) find a way to live on the millions and millions they collected in 2008 and earlier - for delivering NOTHING.

Andy wrote:

Why shouldn't he make that much money? He brought in millions of dollars to his company, he should be rewarded. That's called capitalism. Equal pay for un-equal work is called communism.

NO, its called Feudalism when failure is rewarded to the extent this guy got.

It's George Bush's fault.

Why did they lay me off? I have no respect for this company any more. I hope they rot in hell.

I think Andy is Andy Ellis, Boeing VP. You guys all stick together, don't ya, Andy?!

Andy wrote:

I still don't understand what is wrong. Because people don't have health insurance, this guy shouldn't get paid? As long as he's not stealing money from the company or something, there's nothing wrong with it. That's the reason people work hard and try to become a CEO or whatever.

He's stealing money from the taxpayers, who contract out the company.

Andy wrote:

So I should take a pay cut and give my money to someone else? This guy worked his way to a powerful, profitable position, and he deserves to be rewarded. That's the American way. If everyone made the same amount of money and got the same benefits no matter how hard they worked, whats the motivation to work hard at all? If that's people's attitude, then they can sit home with no job forever for all I care. What does going to college have to do with not having health insurance? Tons of people that don't have a degree have health insurance, and make a fair amount of money at the same time.

so having family money to pay for a yale degree is hard work? the guy is totally incompatant. 787 3 years late. 747 starting 2 years after the 87, and did anyone notice that about 2-3 weeks after a delay was anounced for the 87 there would be a delay for the 47. probably because it would be a slap in the face. Boeing outsourced the 787 to save money, but then had to buy vought, and other companys to get their parts, thats why we now have Boeing charlston, and constantly have to send Boeing paid employees to other vendors to show them how to do the work. there has been more ethics violations than when harry stonesipher was in charge. sounds like he runs a tight ship to me, and by the way they lost the first tanker contract. speaking of contracts the last strike was planed by Boeing. the first rule in negotiations. never set tell someone this is the best and final offer.(imagine if a car salesman told you that). and why was that said? could it be the role out of the 787 on 07/08/07 was a joke? all the major sections of the 87 was held together with plywood butsplices, and wood screws. if you dont belive me ask someone who worked on it. he sounds like a good leader to me