Boe­ing's chair­man and chief ex­ec­u­tive Jim Mc­N­er­ney re­ceived com­pen­sa­tion val­ued at near­ly $23 mil­lion in 2011, a 16 per cent in­crease over the pre­vi­ous year, the aero­space com­pa­ny said in a proxy fil­ing Fri­day. Boe­ing, ben­e­fit­ing from ris­ing de­mand for com­mer­cial jet­lin­ers across the world, post­ed a 21 per cent in­crease in earn­ings last year un­der the 62-year-old Mc­N­er­ney.

Mc­N­er­ney re­ceived a $4.4 mil­lion bonus in 2011 along with his $1.9 mil­lion base salary, the jet mak­er said in Fri­day's fil­ing with the Se­cu­ri­ties and Ex­change Com­mis­sion. He al­so re­ceived a $4.3 mil­lion per­for­mance award last year un­der a long-term in­cen­tive pro­gramme, based on Boe­ing's re­sults over the three years through 2011.

Mc­N­er­ney's com­pen­sa­tion in­clud­ed $544,860 in perquisites and oth­er ben­e­fits. His use of com­pa­ny air­craft for per­son­al trav­el was $324,504. His to­tal com­pen­sa­tion al­so in­cludes stock-based awards, stock op­tions and changes in the val­ue of his pen­sion ben­e­fits. In 2010, Mc­N­er­ney's to­tal com­pen­sa­tion was $19.7 mil­lion. In that pe­ri­od, he didn't re­ceive an award un­der the long-term in­cen­tive pro­gramme be­cause Boe­ing fell short of fi­nan­cial tar­gets for 2008-2010. That pe­ri­od was marked by a weak­er econ­o­my and de­lays with Boe­ing com­mer­cial-air­craft pro­grammes such as the 787 Dream­lin­er.

In the lat­est proxy fil­ing, Boe­ing said Mc­N­er­ney's "ac­tu­al com­pen­sa­tion re­alised," or take-home pay, for 2011 was about $12.4 mil­lion, up from $10.1 mil­lion a year ear­li­er. Mc­N­er­ney has served as Chica­go-based Boe­ing's CEO since 2005. (Wall Street Jour­nal)