Sundar PichaiSundar Pichai earned $164M in 2023

W. James McNerney, Jr. is known for his leadership in big companies like Boeing and 3M, where he served as CEO. He took charge of Boeing on July 1, 2005, focusing on strong performance pay, which meant that most of...

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W. James McNerney, Jr.

Ex-CEO of Boeing

Education

B.S. in Industrial Engineering from Purdue University

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

August 22, 1949 - 75 years ago

CEO of Boeing for

10 years 0 months (Jul 2005 - Jul 2015)

Previous Experience

Chairman and CEO of 3M

Holdings

See how much did W. James McNerney, Jr. make over time.

McNerney’s holdings tell an interesting story. His investment in Procter & Gamble amounted to $15.1 million as of September 2024. During his time at Boeing, his wealth was significantly tied to company stock, especially in 2014 when he had about...

Total Stock Sold

$165.92K

ALL

$165.92K

4,000 ALL shares

What if they kept their stock?

If W. James McNerney, Jr. didn't sell their stock, today they would have:
Extra ALL4,000 shares worth $388.64K.
This is 134.23% and $222.72K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of W. James McNerney, Jr..

ABT

3,799 shares

ABT

Apr 29, 2016

Received

ABT

2,793 shares

ABT

Apr 24, 2015

Received

MMM

406 shares

MMM

May 13, 2014

Received

ABT

3,535 shares

ABT

Apr 25, 2014

Received

MMM

$757.94K

MMM at $114.41/share

Aug 22, 2013

Purchase

MMM

$140.01K

MMM at $106.31/share

May 14, 2013

Received

ABT

3,097 shares

ABT

Apr 26, 2013

Received

ALL

$165.12K

ALL at $41.28/share

Dec 7, 2012

Sale

MMM

$129.98K

MMM at $89.21/share

May 8, 2012

Received

ABT

1,819 shares

ABT

Apr 27, 2012

Received

Compensation History

See how much did W. James McNerney, Jr. make over time.

McNerney's compensation varied throughout his career. In 2014, he earned nearly $28.5 million, mainly from stock options, showcasing the company's profitable year. However, in 2015, his pay dropped to around $19.9 million, as he no longer received stock grants, focusing instead on cash bonuses. His salary often reflected the company's economic performance, as 89% of his total pay was based on variable components linked to how well Boeing and its divisions performed. This approach led to a significant alignment of management and shareholder interests over time, showing how compensation can drive leadership focus. McNerney’s earnings highlighted his strategic shift towards long-term performance rather than short-term gains.

Year

2015

Total Compensation

$5.16M

Salary

$1.72M

Board Justification

The compensation program is designed to attract and retain superior leaders, reward performance, and align executives’ interests with the long-term interests of shareholders. Approximately 89% of the CEO's target compensation was variable and tied to performance.

Bonus

$2.86M

Board Justification

Annual incentive compensation based on Company, business unit, and individual performance.

Other

$586.22K

Board Justification

Includes perquisites and other personal benefits, life insurance premiums, and company contributions to retirement plans.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock vested in 2015 as the focus is on cash compensation and performance awards.

Performance Metrics

The performance metrics include economic profit and total shareholder return compared to a peer group.

Other Boeing CEOs

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