Boeing shareholders back outgoing CEO pay deal despite safety woes [Video]

Boeing shareholders voted Friday to back outgoing CEO Dave Calhoun’s pay deal and reelection to the board, in an endorsement of company leadership as it faces heavy scrutiny over safety problems.

The company announced the preliminary vote results at its annual meeting, saying all 11 directors had been reelected and that shareholders backed Calhoun’s planned $33 million compensation package.

Advisory services firm Glass Lewis had urged shareholders to reject Calhoun’s nomination, while Investor Shareholder Services (ISS) had recommended a “no” vote on Calhoun’s compensation package.

The meeting comes on the heels of a number of crises facing the storied planemaker.

Boeing has faced serious questions following a near-catastrophic Alaska Airlines flight in January that necessitated an emergency landing of a 737 MAX after a panel on the fuselage blew out mid-air.

On Tuesday, the Department of Justice said Boeing had breached a 2021 criminal settlement over two fatal 737 MAX …