Christopher Calio, CEO of RTX, collected $27.7 million in compensation last year. That was his total after the $241.5 billion aerospace and defense giant’s board decided the trade war wouldn’t touch his bonus.

At its January 2025 board meeting, the compensation committee of RTX, formerly Raytheon, pre-authorized the removal of tariff impacts on business metrics related to Calio’s pay months before President Trump announced a set of sweeping Liberation Day tariffs on April 2, 2025 that upended global supply chains. The RTX comp committee said that the tariff-cost impact “should be neutralized” for determining annual bonus payouts because the tariffs were “externally imposed, unpredictable and unrelated to operational execution.” READ MORE