Monday, May. 10, 1993
Fully Accountable
Corporate executives are happy to share in company profits during good times. When the bottom drops out, however, the top guys still reward themselves. Not Frank Shrontz. The Boeing chairman rejected his regular raise of his $820,000 salary, citing the aerospace firm's lousy 1992 performance. Boeing may have to let go as many as 27,000 workers during the next year. Shrontz did not, however, say whether he will give up his bonus and stock options, a total of $600,000.