WALTER JAMES "JIM" MCNERNEY JR. (born August 22, 1949 in Providence
Rhode Island ) is a business executive who was chairman of The
Boeing Company until March 1, 2016. He previously served as
CEO of the company until July 2015.
* 1 Education
* 2 Career
* 2.2 Positions
* 3 References
* 4 External links
McNerney was born in Providence, Rhode Island. He graduated from New
Trier High School in Winnetka ,
Illinois in 1967. He attended Yale
University , receiving a B.A. degree in 1971. While at Yale, he was a
Delta Kappa Epsilon Fraternity. At Yale, he excelled in
baseball and hockey . After graduating from Yale, he worked for a year
at both British United Provident and
G.D. Searle, LLC , then attended
Harvard Business School
Harvard Business School , receiving a Master of Business
Administration in 1975.
McNerney began his business career at Procter president of GE
Asia-Pacific; president and
CEO of GE Electrical Distribution and
Control; executive vice president of GE Capital, one of the world's
largest financial service companies; and president of GE Information
Services. McNerney competed with
Bob Nardelli and
Jeff Immelt to
succeed the retiring
Jack Welch as chairman and
CEO of General
Electric. When Immelt won the three-way race, McNerney and Nardelli
left GE (as was Welch's plan); McNerney was hired by 3M in 2001.
From 2001 to 2005, McNerney held the position as chairman of the
CEO of 3M , a $20 billion global industrial company with
leading positions in electronics, telecommunications, industrial,
consumer and office products, health care, safety and other
On June 30, 2005 The
Boeing Company hired McNerney as the
CEO . McNerney oversaw the strategic direction of the
Chicago -based, $61.5 billion aerospace company. With more than
Boeing is the largest manufacturer of commercial
airliners and military aircraft, with capabilities in aircraft,
rotorcraft, electronic and defense systems, missiles, satellites and
advanced information and communications systems. Compensation
In 2007, as
CEO of Boeing, W.
James McNerney Jr. made $12,904,478 in
total compensation, which included a base salary of $1,800,077, a cash
bonus of $4,266,500, options granted of $5,871,650, and Other
In 2008, his total compensation increased to $14,765,410, which
included a base salary of $1,915,288, a cash bonus of $6,089,625, and
options granted of $5,914,440.
In 2009, his total compensation decreased to $13,705,435, which
included a base salary of $1,930,000, a cash bonus of $4,500,300,
stock options granted of $3,136,251, stock granted of $3,136,242, and
other compensation totaling $1,002,642.
In 2013, McNerney made $23.2 million in total compensation, which
included a $1.9 million salary, $3.7 million stock award, $3.7 million
stock option grant, and an annual incentive bonus of $12.8 million.
In 2014, as
CEO of Boeing, McNerney made $29 million in
total compensation. Of the total: $2,004,231 was received as a
salary; $14,400,000 was received as an annual bonus and a 3-year
performance bonus; $6,272,517 was awarded as stock (none was received
in stock options); and other compensation totaling $760,000.
McNerney had been a member of the
Boeing board of directors since
2001. He is also a member of the board of directors of Procter &
IBM . He served as
The Business Council in 2007
and 2008. He is a current member of the
Northwestern University Board
of Trustees, is a Trustee at the Center for Strategic and
International Studies and served as
Chairman of the President's
Export Council, appointed by President
Barack Obama .
In December 2016, McNerney joined a business forum assembled by then
president-elect Donald Trump to provide strategic and policy advice on
economic issues. Career path
Procter & Gamble
McKinsey & Company
McKinsey & Company
GE Mobile Communications
GE Information Services
GE Financial Services and GE Capital
Executive Vice President
GE Electrical Distribution and Control
President and CEO
GE Aircraft Engines
President and CEO
President and CEO
Chairman, President and CEO
* ^ "America’s Greediest: The 2013 Top Ten". Inequality.org.
Retrieved June 24, 2015.
* ^ Adams, Marilyn (February 26, 2007). "Straightened up and flying
right". USA Today. Retrieved 15 July 2012.
* ^ "
Boeing Holders Vote on CEO-
Chairman Split Amid 787 Woes".
* ^ https://www.cnbc.com/id/102782300
* ^ "The Hard Work In Leadership". BusinessWeek. Archived from the
original on December 19, 2007. Retrieved September 30, 2007.
* ^ "Lofty expectations await
Boeing CEO". Crain\'s Chicago
Business . Retrieved September 30, 2007.
* ^ Strahler, Steven R. (July 4, 2005). "Lofty expectations await
Boeing\'s CEO; McNerney a boost to faded civic arena.(W. James
McNerney Jr. appointed as chairman and chief executive officer)".
* ^ Steady Hand,
Aviation Week & Space Technology , 170, 24 (June
15, 2009), p. 78
* ^ 2007
CEO Compensation for W.
James McNerney Jr, Equilar.com
* ^ A B "Equilar - 404". equilar.com. Retrieved June 24, 2015.
* ^ USA Today: "Compensation for
CEO McNerney soars in
2013"; by Gary Strauss; 14 March 2014.
* ^ A B C Seattle Times: "
Boeing CEO’s compensation $29M,
including $14M bonuses"; by Dominic Gates; 13 March 2015.
* ^ Salary.com: 2014
Boeing executive compensation for W. James
McNerney . accessed 7.17.2015.
* ^ The Business Council, Official website, Background Archived
March 3, 2016, at the
Wayback Machine .
* ^ "Board of Trustees".
* ^ Carney, Timothy (2011-04-24)
Boeing lives by big government,
dies by big government,
Washington Examiner .
* ^ Bryan, Bob (2 Dec 2016). "Trump is forming an economic advisory
team with the CEOs of Disney, General Motors, JPMorgan, and more".
Business Insider. Retrieved 1 June 2017.