Boeing chief executive James McNerney had total compensation valued at USD$22.96 million last year, up 16 percent from 2010, as earnings rose and the company had successes that included winning a big US Air Force tanker competition.
McNerney, 62, who has been chairman and CEO of Boeing since July 2005, had a salary of USD$1.93 million, unchanged from 2010. His compensation also included non-equity incentive pay of USD$8.7 million, and stock and option awards each valued at about USD$3.4 million.
Last year, Boeing's net earnings jumped 21 percent to USD$4 billion as revenue rose about 7 percent to USD$68.7 billion.
In its proxy filing, Boeing noted 2011 achievements such as its win of a US military contract valued at more than USD$30 billion to build aerial tankers, the certification and delivery of its carbon-composite 787 Dreamliner plane and record orders of the wide-body 777.