Boeing’s (NYSE:BA) CEO, Dave Calhoun, who is set to depart by the end of the year, saw his 2023 compensation package surge by roughly 45% to nearly $33 million. This is despite the significant number of safety issues that have plagued the aircraft maker. However, when adjusting for current share prices, that figure falls to $24.8 million. In addition, Calhoun will earn $13.25 million in 2024, which was reduced from $17 million.
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Despite this seemingly generous payout relative to performance, Boeing is overhauling its management team as the board looks to prioritize safety and quality in its operations. One key measure taken so far was the decision to link executive incentives with safety and quality improvements. In fact, safety will have a 60% weighting, while financial performance will have a 40% weighting.
What Is the Price Target for BA?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on BA stock based on 17 Buys, eight Holds, and one Sell assigned in the past three months, as indicated by the graphic below. After a 30% year-to-date decline in share price, the average BA price target of $242.33 per share implies 32.32% upside potential.
