Boeing CEO to Depart With $62 Million Amid 737 Max Crisis

Dennis Muilenburg's Ouster Highlights Company's Struggles

Compensation Package Raises Concerns About Executive Accountability

In a major shakeup at the top of Boeing, CEO Dennis Muilenburg is stepping down with a hefty compensation package totaling $62 million. The ouster comes amidst the ongoing 737 Max crisis, which has severely damaged the company's reputation and financial performance.

Muilenburg's departure marks a significant shift after the company faced intense scrutiny over the safety of its 737 Max aircraft. Two fatal crashes in 2018 and 2019, which together claimed the lives of 346 people, led to widespread grounding of the aircraft and a decline in Boeing's sales.

The substantial compensation package for Muilenburg has raised concerns about executive accountability and the role of Boeing's board of directors. Critics argue that the company is not holding its leadership accountable for the mistakes that led to the 737 Max crisis.