Ex-Boeing CEO Crashes Out With $62 Million Payday

The New York Times reports:

Dennis A. Muilenburg, who was ousted as Boeing’s chief executive last month as the company contended with the biggest crisis in its history, will depart with more than $60 million, the company said Friday.

Mr. Muilenburg will not receive any additional severance or separation payments in connection with his departure, and Boeing said he had forfeited stock units worth some $14.6 million.

But the value of the other stock and pension awards he is contractually entitled to receive is worth $62.2 million, the company said. Mr. Muilenburg also has stock options that could be worth many millions more.