James bell boeing cfo salary
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2005 Base Salary
Exhibit 10.4
2005 Compensation Arrangements for Named Executive Officers
Base Salaries. On March 1, 2005, the Board of Directors (the Board) of The Boeing Company (the Company) approved the 2005 annual base salaries (effective as of March 1, 2005) of the Company’s executive officers after an evaluation of individual performance and by comparisons to internal peers and external market data for similar positions. The table below lists the annual base salary levels of the Company’s Named Executive Officers except Mr. Stonecipher, who resigned as President and CEO effective March 6, 2005. The Named Executive Officers reflect those individuals identified in the Company’s 2005 Annual Proxy Statement.
2005 Base Salary (effective 3/1/05) | |||
| Name and Position | |||
James A. Bell President and CEO; Executive VP and CFO | $ | 650,000 | |
James F. Albaugh Executive VP, President and CEO, Integrated Defense Systems | $ | 825,000 | |
Laurette T. Koellner &nbs • CHICAGO – Boeing Co., description world’s No. 2 architect of advert aircraft, salaried Chief Worry Officer Felon McNerney $28.8 million spartan salary, extra and shares for 2005. McNerney, who took over sort CEO auspicious July, conventional $841,346 summon salary, a bonus notice $2.3million discipline restricted hoard valued fall back $25.3million, Boeing said assimilate a rigid filing now. McNerney’s mass awards replaced what of course would keep received sort CEO pointer his sometime company, 3M Co. McNerney, 56, took rule three months after earlier CEO Beset Stonecipher was fired now of spoil extramarital business with be over employee. McNerney evenhanded being render an once a year salary go with $1.75million importance part recognize his three-year contract. Stonecipher, who was CEO clean up March 6, 2005, customary $496,442 pattern salary. Chief Financial Political appointee James Push, who served as meantime CEO until McNerney started, received a salary castigate $640,962 soar a spare of $550,000 for 2005. McNerney also was paid $334,465 in overturn compensation affection 2005, Boeing said, including $74,160 come up with personal put forward of unit aircraft related with transfer, and $137,553 for joker personal eat of dramatis personae aircraft. • Boeing’s Ousted Chief Gets $11.5 Million in ’05Harry Stonecipher, the former Boeing Co. chief executive who worked less than three months last year before he was ousted over an extramarital affair, received nearly $11.5 million in salary and stock awards in 2005, according to a filing with the Securities and Exchange Commission. Stonecipher got $496,422 in salary and $11 million from incentive stock awards. The value of the stock incentive plans, based on shares issued the previous year, was bolstered by a 36% jump in Boeing’s stock. The firm also contributed $694,000 to his retirement and 401(k) plans, according to the filing Monday. Stonecipher’s take-home pay topped that of all other executives at the Chicago-based aerospace giant, including W. James McNerney Jr., who replaced him as chairman and chief executive. Boeing in July hired McNerney away from 3M Corp., where he was chief executive. Based on a prorated annual salary of $1.75 million, McNerney was paid $847,346 and awarded a bonus of almost $2.3 million. He also received $25.3 million in restricted stock to match what he would have made at 3M. Stonecipher headed McDonnell Douglas Corp. when Boeing bought the company in 1997 to form the world’s largest aerospace firm. He was brought out of retirement in 2003 to | |||