Dennis Muilenburg Net Worth
Dennis Muilenburg net worth and salary: 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 formerly served as the president, chairman, and chief executive officer of The Boeing Company. Muilenburg took over the role of CEO in July 2015. He was fired on December 23, 2019 in wake of Boeing's 737 Max crisis. He had already been stripped of the chairman title and all but his base salary of compensation.
He graduated from Iowa State University and the University of Washington. Dennis Muilenburg made just over $15 million in salary in 2016. He began working at Boeing in 1985 and has held various management and engineering positions with the company including vice president of the Boeing Combat Systems division and president and chief executive officer of Boeing Defense, Space & Security. After becoming CEO in 2015 he would become chairman and then chairman of the board of directors in 2016.
As of January 2019, Dennis Muilenburg owned 130,000 shares of Boeing which have a pre-tax market value of $40 million. That made him one of the four largest individual shareholders of the company. He earned $23.4 million in total compensation for 2018. For 2019 he likely earned just his base salary which amounts to around $3 million. When he earned $23.4 million in 2014, roughly $20.4 million was a mix of bonus and stock options.
Upon being fired from Boeing, it was revealed that Dennis would be allowed to walk away with $18.5 million worth of exercised stock options and $62 million worth of pay and pension benefits for a total exit package north of $80 million. By comparison, Boeing set aside $50 million to compensate family members of 737 crash victims.
|Net Worth:||$100 Million|