The chief executive of airline company Boeing, Dennis Muilenburg, receives millions of euros after his forced departure on Monday due to the affair with the 737 MAX. Various American news sources, including CNN, report this.
The exact amounts are still being negotiated, but it is certain that it is a hefty golden handshake.
According to public figures, the 55-year-old Muilenberg can look forward to a pension scheme of approximately 27 million euros. And depending on how Boeing lets him go, forced dismissal or voluntary departure, he can still receive a severance payment of more than six million euros.
Furthermore, Muilenberg has a share package worth more than 18 million euros and a pension package that brings him a total of 10 million euros.
In 2015, Muilenburg became the boss of Boeing. On Monday he was put on hold after problems with the new flagship, the 737 MAX. he worked for the airline for a total of 34 years.
According to some estimates, Boeing loses around 2 billion dollars (1.8 billion euros) per month due to problems with the device. The 737 MAX devices have been on the ground since March. Boeing already saw sales fall by 19 percent in the first nine months of this year.
Boeing recently had to stop the production of the 737 MAX. The American regulator FAA is not yet convinced that all defects in the 737 MAX have been corrected. For Boeing, this means even higher costs.
The problems with the 737 MAX came to light after two crashes of the model. In October 2018 and early this year, 346 people died due to problems with the operating system of the 737 MAX.
The current chairman of the board, David L. Calhoun, will replace Muilenburg from January 13, 2020. Until then, financial director Greg Smith will take over the duties of Muilenburg.
Under the new leadership, the group says it wants to fully focus on transparency and proactive communication with regulators and customers.