Boeing’s new CEO just landed the best (and worst) job in Corporate America
CNN
Congratulations, Kelly Ortberg. You’ve just landed a job that is simultaneously the best and worst in Corporate America.
Congratulations, Kelly Ortberg. You’ve just landed a job that is simultaneously the best and worst in Corporate America. Hear me out. As the next CEO of Boeing, Ortberg is taking over a once-mighty American institution that’s languishing in its dirtbag era, like a star high school quarterback who let himself go after graduation and can’t shut up about the glory days. There’s a laundry list of problems Ortberg will have to confront on Day One, and he’ll be operating under intense scrutiny from a rabid audience of shareholders, regulators, customers and even the FBI. It might seem at first glance like the worst promotion in history. That is, of course, until you consider how bad his predecessor was at the job, and how rich that guy got doing it. Dave Calhoun, who became CEO in 2020, took home nearly $33 million in total compensation last year, a 45% increase from the $22.6 million he received for 2022. And he stands to collect a $45 million retirement present in the form of stock awards and options that vest over time. That’s all despite Calhoun’s tenure being “a master class in overpaid incompetence,” according to Richard Aboulafia, managing partner at AeroDynamic Consultancy. “I wish I knew more about other industries to say whether he was the worst aerospace CEO or the worst CEO, period.”
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