Boeing Reduces Chief Legal Officer’s Pay Amid Ongoing Safety Concerns

Boeing has significantly adjusted the pay of its Chief Legal Officer Brett Gerry, cutting it nearly in half to $4.4 million from the $8.6 million he earned in 2023, according to a recent disclosure in the company’s proxy statement filed with the Securities and Exchange Commission. This development comes as the company continues to address intensified scrutiny of its safety practices, following the incident involving a 737 Max door panel blowout in January 2024. More details on this subject are available through Law.com.