Boeing ties employee incentive plan to company-wide performance

Boeing links worker bonuses to company-wide performance

Robert Besser
13 Mar 2025, 15:07 GMT+10

Boeing ties employee incentive plan to company-wide performance

Boeing has revamped its employee incentive plan, tying annual bonuses for more than 100,000 workers to overall company-wide performance rather than individual business units
The change, outlined in Boeing’s 2025 proxy statement filed with the U.S. Securities and Exchange Commission late last week, reflects a shift in the company’s approach to financial and operational accountability
Under the new structure, 80 percent of bonuses will be based on Boeing’s financial performance, while the remaining 20 percent will depend on improvements in safety, quality, and program execution

SEATTLE, Washington: Boeing has revamped its employee incentive plan, tying annual bonuses for more than 100,000 workers to overall company-wide performance rather than individual business units.

The change, outlined in Boeing's 2025 proxy statement filed with the U.S. Securities and Exchange Commission late last week, reflects a shift in the company's approach to financial and operational accountability.

Under the new structure, 80 percent of bonuses will be based on Boeing's financial performance, while the remaining 20 percent will depend on improvements in safety, quality, and program execution.

The decision comes just days after CEO Kelly Ortberg emphasized the need for Boeing's various business units to work together, citing employee feedback that he expects will be "brutal to leadership."

Ortberg's total compensation for 2024 amounted to US$18.4 million, including a $1.2 million signing bonus, a $525,000 salary since joining in August, and $313,000 in relocation assistance to move to Seattle. The majority of his compensation came in the form of equity grants.

Former CEO Dave Calhoun, who left Boeing following a mid-air panel blowout incident involving a 737 MAX, received a total compensation of $15 million. The incident exposed serious quality control issues within the company.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Professional Autos.

More Information

null in null

Business

Section

Boeing links worker bonuses to company-wide performance

SEATTLE, Washington: Boeing has revamped its employee incentive plan, tying annual bonuses for more than 100,000 workers to overall...

US, Canadian farmers face rising fertilizer costs amid trade tensions

US, Canadian farmers face soaring fertilizer prices amid Trump tariffs

WINNIPEG, Manitoba: Farmers in the U.S. and Canada are bracing for soaring fertilizer prices as trade tensions escalate between the...

U.S. stocks stabilize after relentless losses

Strong gain by Nasdaq Composite helps stem Wall Street carnage

NEW YORK, New York - A slightly lower-than-expected CPI reading for February helped U.S. stocks to stabilize after some relentless...

New York office market rebounds as big investors hunt for deals

NYC workers' return to office ignites hopes in real estate market

NEW YORK CITY, New York: New York's office market is showing signs of a comeback as major investors, including Blackstone, scout for...

Micro-wineries in Cyprus bring ancient Commandaria wine back to life

Cyprus' 3,000-year-old Commandaria wine sees a revival

NICOSIA, Cyprus: Cyprus' ancient Commandaria wine, praised for its rich heritage dating back nearly 3,000 years, is making a comeback...

DoorDash, Williams-Sonoma, and others soar on S&P 500 inclusion

DoorDash and Williams-Sonoma to join S&P 500; shares rally

SAN FRANCISCO, California: Shares of DoorDash, Williams-Sonoma, Expand Energy, and TKO Group surged in extended trading on March 7...

Engineering

Section

Boeing links worker bonuses to company-wide performance

Watch latest videos

News RELEASES

Business

Boeing links worker bonuses to company-wide performance

US, Canadian farmers face rising fertilizer costs amid trade tensions

U.S. stocks stabilize after relentless losses

New York office market rebounds as big investors hunt for deals

Micro-wineries in Cyprus bring ancient Commandaria wine back to life

DoorDash, Williams-Sonoma, and others soar on S&P 500 inclusion

Engineering

Manufacturing boost with government support led to hiked IIP growth in January: Report

World Insights: U.S. tariffs on steel, aluminum spark global backlash, damage own economy

Putin praises troops behind secret pipeline operation

Tejas LCA AF MK1 test-fires beyond visual range Air-to-Air Missile off Odisha coast

UP: CM Yogi Adityanath inspects international cricket stadium in Varanasi

Can the devastated Gaza be brought back to life

Movie Review

Blonde