Dennis Muilenburg net worth and wage: Dennis Muilenburg is an American businessman who has a net worth of $100 million. Dennis Muilenburg was born in Orange City, Iowa in 1964. He previously served because the president, chairman, and chief govt officer of The Boeing Company. Muilenburg took over the function of CEO in July 2015. He was fired on December 23, 2019 in wake of Boeing’s 737 Max disaster. He had already been stripped of the chairman title and all however his base wage of compensation.
He graduated from Iowa State University and the University of Washington. Dennis Muilenburg made simply over $15 million in wage in 2016. He started working at Boeing in 1985 and has held varied administration and engineering positions with the corporate together with vp of the Boeing Combat Systems division and president and chief govt officer of Boeing Defense, Space & Security. After turning into CEO in 2015 he would turn into chairman after which chairman of the board of administrators in 2016.
At the time he departed Boeing, Dennis Muilenburg owned 130,000 shares of Boeing which had a pre-tax market worth of $40 million. That made him one of many 4 largest particular person shareholders of the corporate. He earned $23.4 million in whole compensation for 2018. For 2019 he doubtless earned simply his base wage which quantities to round $3 million. When he earned $23.4 million in 2014, roughly $20.4 million was a mixture of bonus and inventory choices.
Upon being fired from Boeing, it was revealed that Dennis can be allowed to stroll away with $18.5 million price of exercised inventory choices and $62 million price of pay and pension advantages for a complete exit bundle north of $80 million. By comparability, Boeing put aside $500 million to compensate family members of 737 crash victims.
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