Read the complete write-up of Dave Calhoun net worth, age, wife, children, height, family, parents, salary, education, business as well as other information you need to know.
Dave Calhoun is an American businessman and president and CEO of The Boeing Company since January 2020. He was previously Boeing’s chairman. He was appointed after the then CEO, Dennis Muilenburg, was fired amidst safety issues regarding the 737 MAX after two fatal crashes that claimed the lives of 346 passengers and crew on board.
|Net Worth||$40 million|
David L. Calhoun was born on April 18, 1957 (age 65 years) in Philadelphia, United States. He was raised up in Allentown, Pennsylvania, where he attended Parkland High School and graduated in 1975. In high school, Calhoun was one of three captains of the varsity basketball team and played golf. He attended Virginia Tech, graduating in 1979 with a degree in accounting.
Dave Calhoun graduated from college and gained employment at General Electric (GE). He decided to work for GE at that time, due to its close proximity to where he lived in Lehigh Valley. He worked at GE for 26 years, overseeing transportation, aircraft engines, reinsurance, lighting and other GE units, before ultimately being appointed as vice chairman of the company and a member of GE’s Board of Directors in 2005.
Calhoun left GE to join privately held global information services firm VNU as CEO in 2006. Under his leadership, the company rebranded itself as Nielsen Holdings, returned to the public markets in 2011, and was added to the S&P 500 Index in 2013.
In 2014, Dave Calhoun became executive chairman of Nielsen, and also joined The Blackstone Group as a senior managing director and head of portfolio operations and a member of Blackstone’s management committee. Blackstone had been one of six private equity firms that backed Nielsen’s transformation. During his career, Calhoun was on the board of directors of Caterpillar, Gates Corporation, and Medtronic.
Dave Calhoun has served as a director at Boeing since 2009 and was named lead independent director in 2018. In October 2019, he was named chairman of Boeing in the wake of the Boeing 737 MAX groundings, and on December 23, 2019, he stepped down as chairman in preparation for becoming Boeing’s CEO and president, effective January 13, 2020.
In a March 2020 interview with The New York Times, Calhoun discussed the 737 MAX’s MCAS software, saying the Boeing had made a “fatal mistake” in expecting that pilots could immediately correct the software problems. He went on to explain that “pilots in Ethiopia and Indonesia don’t have anywhere near the experience that they have here in the U.S.”; he unsuccessfully requested to go off the record after being asked whether American pilots would have been able to control the situation, and then replied, “forget it, you can guess the answer.”
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In 2020, Boeing had a historically bad year, reporting a $12 billion loss and laying off 30,000 workers. At the same time, Dave Calhoun earned $21.1 million in compensation. In 2018, Calhoun gave $20 million to Virginia Tech.
Dave Calhoun is married to Barbara Calhoun. His wife is a private person and they have four children Corey Calhoun, Jessica Calhoun, Amy Calhoun, and Devon Calhoun. He stands at an appealing height of 1.83m and has a good body weight which suits his personality. As of mid-2022, Dave Calhoun and his wife Barbara Calhoun are still married and living a happy life with each other without any problems, tension and misunderstandings.
Dave Calhoun net worth
How much is Dave Calhoun worth? Dave Calhoun net worth is estimated at around $40 million. His main source of income is from his career as a businessman and executive. Dave Calhoun’s salary per month with other career earnings is over $8 million annually. His successful career has earned him some luxurious lifestyles and some fancy car trips. He is one of the richest and most influential business executives in the United States.