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Boeing shares rose 2.7 percent during the year, to finish at $75.36. On Friday they rose $1.81, or 2.1 percent, to close at $86.43. It's been rising in recent weeks as investors have anticipated a fix for the 787 problem. Boeing's annual meeting will be April 29 in Chicago. The AP's formula is designed to isolate the value the company's board placed on the executive's total compensation package during the last fiscal year. It includes salary, performance-related bonuses, perks, and the estimated value of stock options and awards granted during the year. It also includes bonuses and above-market returns on deferred compensation, which McNerney did not receive. The calculations don't include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the Securities and Exchange Commission, which reflect the size of the accounting charge taken for the executive's compensation in the previous fiscal year.
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