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Boeing CEO's $33m exit package

Boeing shareholders sign off on the plane maker’s deal to grant outgoing CEO, Dave Calhoun, a pay package worth nearly $33 million.

Shareholders of plane maker Boeing approved a pay package of nearly $33 million for outgoing CEO Dave Calhoun - the highest ever agreed by the company - at its AGM on Friday. Mr Calhoun, who will leave the company at the end of the year, was also re-elected to stay on the troubled company’s board.

Cubans are enduring some of their bleakest economic times since the Cold War – amid worsening inflation, a scarcity of basic goods and a decades-long US economic embargo. The ΒιΆΉΤΌΕΔ’s Correspondent, Will Grant, looks at how the situation has impacted on one of Cuba’s most quintessential industries – sugar – to see how tough the situation has become.

Plus as Mercedes workers in Alabama have voted against joining a union we look at the result means for workers and management.

Rahul Tandon is joined by Peter Ryan, ABC's senior business correspondent, in Sydney and Han Lin, China Country Director of β€œThe Asia Group” a Washington DC based consultancy, and NYU Shanghai professor based in Shanghai.
(Image Credit: The Washington Post/Getty Images.)

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Sat 18 May 2024 00:06GMT

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