Boeing CEO David Calhoun and other executives took personal trips worth more than $500,000 on the company’s private jets and other planes that were improperly recorded as business travel, according to an internal review, The Wall Street Journal’s Andrew Tangel and Mark Maremont report. The review, which was prompted by a Journal investigation last year into the executives’ use of the company’s fleet of private jets, found that some flights by the executives in 2021 and 2022 “were not previously classified as perquisites by the company but should have been classified as such in accordance with SEC rules and guidance.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BA:
- Northcoast downgrades Hexcel on CEO pushback, Boeing probe
- Boeing price target lowered to $260 from $270 at Stifel
- Boeing price target lowered to $180 from $235 at Morgan Stanley
- GE vs. GEHC: Which General Electric Stock Is Better?
- Southwest Airlines Stock (NYSE:LUV): Set to Fly as Travel Trends Shift