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Boeing, which is pleading with Washington for a $60 billion bailout amid the coronavirus pandemic, announced on Friday that its CEO Dave Calhoun and Board Chairman Larry Kellner will forgo all pay until the end of the year.
The move is part of a few decisions Boeing made in order to support itself as it navigates through the pandemic and works to ensure that it is positioned for a recovery.
The company also announced that it will suspend its dividend payments to shareholders and will extend its pause of any share repurchasing until further notice.
Boeing had previously suspended its stock buyback program in April 2019.