Ex-CEO of Boeing to Get 200x More Money in Severance Than Families of Crash Victims

The now-former Boeing CEO will be walking away with a multi-million dollar deal, while families of the victims in Boeing crashes will receive less than $150K each.

The newly ousted Boeing CEO is set to walk away with a multi-million dollar deal (totaling a combined $52+ million) — meaning he could get over 200x what families of the victims in Boeing’s deadly crashes will receive, which is less than $150,000 each.

Dennis Muilenburg officially resigned from CEO of the massive aircraft company on Monday, along with giving up his seat on Boeing’s board. According to CBS News, Boeing’s board asked Muilenburg to resign Sunday night.

Muilenburg’s resignation comes after two of Boeing’s 737 Max jets crashed within five months of each other, killing 346 people. Upon facing Congress and other regulators, Muilenburg and Boeing were criticized for their handling of the crashes.

According to proxy filings by the Securities and Exchange Commission, the 55-year-old is set to receive $26.5 million as part of his exit package, along with his stocks worth $13.3 million, and a pension valued at more than $13 million.

The families of 346 people killed in the 737 crashes are set to receive $144,500 each from a total fund of $50 million. After initially saying the grounded 737 Max planes would be ready to fly again by the end of 2019, Boeing announced last week that production of the aircrafts was suspended until 2020.