The Boeing Company Friday announced several decisions to support the company as it navigates through the COVID-19 pandemic while ensuring the company is positioned for the industry's recovery.
A press release from Boeing says CEO Dave Calhoun and Board Chairman Larry Kellner will forgo all pay until the end of the year.
Boeing will suspend its dividend and will extend its pause of any share repurchasing until further notice. The company previously suspended its stock buyback program in April of 2019.
Boeing says it is drawing on all of its resources to sustain operations, support its workforce and customers, and maintain supply chain continuity through the COVID-19 crisis and for the long term.
