Chicago: Boeing Co Chief Executive James McNerney's compensation was valued at $19.7 million in 2010, up 1.5 per cent from the previous year, as Boeing saw a rebound in commercial airplane orders, Boeing said in its proxy filing on Friday.
The figure includes McNerney's salary, bonuses, stock and options award and changes to his pension. McNerney's annual bonus amounted to $4.4 million.
Boeing and other aerospace companies are recovering from an economic downturn that weakened aircraft orders.
The world's largest aerospace and defense company took net total orders for 625 commercial airplanes in 2010, compared with 263 in 2009. The company reported 462 commercial airplane deliveries for 2010 compared with 481 in 2009. Boeing gets paid for its planes at delivery.
Boeing's business is split between commercial airplanes and defense. But its shares are more closely aligned with Boeing's commercial airplanes unit.
The shares of Boeing, a Dow component, closed up 1.2 per cent at $69.10 on the New York Stock Exchange.
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