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Airline CEO reduces PAY/PERKS after FURLOUGHING Pilots.

erikgigem

Well-known member
Joined
Mar 4, 2006
Posts
101
Total Time
5000
This is quite appropriate for a number of Regional Airline CEOs including Midwest Airlines CEO. Their needs to be a restoration of accountability for poor decision making, fairness in compensation among the workforce, and stopping runaway corporate greed.

SOURCE: CNN Video
http://www.glenntilton.com/newsarti...slashes-his-pay-below-that-of-pilots-cnn.html

Regional pilots - do you think your CEO is overpaid especially when your regional airline company is on the brink of financial ruin or with pilots on furlough? Has anybody's CEO taken major pay cuts recently?
 

deadstick

Pucker Factor: HIGH
Joined
Jul 27, 2002
Posts
706
Total Time
e^x
Well, Timmmy (MIDEX) already made a pile of cash by sellling out his company, employees, and community for personal gain. He was probably TOLD he was getting a pay cut when he was told to release the purposed pay-slashing scale. He should not be applauded for anything.
 

V-1

Well-known member
Joined
May 24, 2002
Posts
520
Total Time
8000
Can we hire this guy to run Delta?

I've never understood why shareholders don't demand management jobs be outsourced to the lowest bidder.
 

USCtrojan

Banned
KolobWestwind
Joined
Feb 26, 2004
Posts
1,942
Total Time
Mucho
Jerry Atkin

Jerry C. Atkin


President/Chairman of the Board/CEO/Director

Skywest, Incorporated

St. George , UT
Sector: SERVICES / Regional Airlines

Officer since January 1975

Salt Lake City , UT
Sector: FINANCIAL / Regional - Pacific Banks


59 Years Old
Jerry C. Atkin, Principal Occupation: Chairman and Chief Executive Officer of the Company and its two operating subsidiaries, SkyWest Airlines, Inc. and Atlantic Southeast Airlines, Inc. Experience: Joined the Company in July 1974 as a director and the Company's Director of Finance. In 1975, Mr. Atkin assumed the office of President and Chief Executive Officer. Mr. Atkin was elected Chairman in 1991. Prior to employment by the Company, Mr. Atkin was employed by a public accounting firm and is a certified public accountant. Other Directorships: Mr. Atkin currently serves as a director of Zion's Bancorporation, a regional bank holding company based in Salt Lake City, Utah.
Forbes Rankings
Compensation
Salary$355,000.00 Bonus$0.00 Other Annual Compensation$0.00 Long term incentive plan payouts$0.00 Restricted stock awards$80,973.00 Security underlying options$0.00 All other compensation$117,793.00 Option awards $$744,721.00 Non-equity incentive plan compensation$269,800.00 Change in pension value and nonqualified deferred compensation earnings$0.00 Total Compensation$1,568,287.00
Options Granted during Fiscal Year
function toggle(x) { var divx = document.getElementById('div'+x) if (divx.style.display == 'none') divx.style.display = 'block' else divx.style.display = 'none' var devx = document.getElementById('dev'+x) if (devx.style.display == 'block') devx.style.display = 'none' else devx.style.display = 'block' var dovx = document.getElementById('dov'+x) if (dovx.style.display == 'none') dovx.style.display = 'block' else dovx.style.display = 'none' } Grant
DateAll other stock awards (# of shares of stocks or units)Number of securities underlying optionsExercise
or base
pricePercent of total options granted in fiscal yearGrant date fair value of stock and option awardsSee More02/06/2007 4,940 - $26.84 0% $609,802.00 11/08/2006 - - $ - 0% $ -


Expiration date- Value of options potential value 5%$ - Value of options potential value 10%$ - Estimated future payouts under non-equity incentive plan awards (threshold $)$142,000.00 Estimated future payouts under non-equity incentive plan awards (target $)$284,000.00 Estimated future payouts under non-equity incentive plan awards (maximum $)$461,500.00 Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- Close

02/02/2005 - 188,000 $17.11 1% $ -


Expiration date02/02/2015 Value of options potential value 5%$2,027,783.00 Value of options potential value 10%$5,132,679.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- Close

12/31/2004 - 104,000 $19.18 9.1% $ -


Expiration date02/04/2014 Value of options potential value 5%$1,254,469.00 Value of options potential value 10%$3,179,070.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- Close

- - 104,000 $19.18 9.1% $ -


Expiration date02/04/2014 Value of options potential value 5%$1,254,469.00 Value of options potential value 10%$3,179,070.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- Close

- - 104,000 $26.24 9.7% $ -


Expiration date02/05/2012 Value of options potential value 5%$1,716,000.00 Value of options potential value 10%$4,349,280.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- Close

- - 104,000 $25.95 18.8% $ -


Expiration date05/08/2011 Value of options potential value 5%$2,422,492.00 Value of options potential value 10%$4,301,192.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- Close

- - 208,000 $20.12 29.9% $ -


Expiration date03/31/2010 Value of options potential value 5%$2,632,656.00 Value of options potential value 10%$6,671,392.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- Close


Options Exercised
Number of securities underlying options exercisable678,000Number of securities underlying options unexercisable292,000Value of unexercised options, currently exercisable$5,429,188.00 Value of unexercised options, currently unexercisable$2,631,720.00 Shares acquired on exercise50,000Value Realized$319,000.00
Director Compensation (Zions Bancorp)
Fees earned or paid in cash$70,500.00 Stock awards$0.00 Option awards (in $)$75,248.00 Non-equity incentive plan compensation$0.00 Change in pension value and nondisqualified compensation earnings$0.00 All other compensation$0.00 Total Compensation$145,748.00 FINAL COMPENSATION$ 1,714,035.00

He's worth every penny and then some.

Trojan
 

WalterSobchak

Am I wrong?
Joined
Jan 24, 2007
Posts
1,436
Total Time
40+/wk
Jerry C. Atkin

President/Chairman of the Board/CEO/Director
Skywest, Incorporated
St. George , UT
Sector: SERVICES / Regional Airlines
Officer since January 1975

Director , Zions Bancorp
Salt Lake City , UT
Sector: FINANCIAL / Regional - Pacific Banks

59 Years Old

Principal Occupation: Chairman and Chief Executive Officer of the Company and its two operating subsidiaries, SkyWest Airlines, Inc. and Atlantic Southeast Airlines, Inc.

Experience: Joined the Company in July 1974 as a director and the Company's Director of Finance. In 1975, Mr. Atkin assumed the office of President and Chief Executive Officer. Mr. Atkin was elected Chairman in 1991. Prior to employment by the Company, Mr. Atkin was employed by a public accounting firm and is a certified public accountant.

Other Directorships: Mr. Atkin currently serves as a director of Zion's Bancorporation, a regional bank holding company based in Salt Lake City, Utah.


Compensation
Salary............................................$355,000.00

Bonus......................................................$0.00

Other Annual Compensation.........................$0.00

Long term incentive plan payouts..................$0.00

Restricted stock awards......................$80,973.00

Security underlying options..........................$0.00

All other compensation......................$117,793.00

Option awards..................................$744,721.00

Non-equity incentive plan...................$269,800.00

Change in pension value and
nonqualified deferred compensation................$0.00

Total Compensation.....................$1,568,287.00


He's worth every penny and then some.

Trojan
Cleaned up for readability...

Also, agree with the comment...the guy pretty much rocks.
 

USCtrojan

Banned
KolobWestwind
Joined
Feb 26, 2004
Posts
1,942
Total Time
Mucho
Bradford R. Holt


President, Subsidiary/COO, Subsidiary

Skywest, Incorporated

St. George , UT
Sector: SERVICES / Regional Airlines

Officer since January 1991

48 Years Old
BRADFORD R. HOLT, 48, was appointed President and Chief Operating Officer of ASA in December 2007. Mr. LaBrecque has agreed to remain employed by ASA until January 31, 2008 to assist in the transition of management responsibilities. Mr. Holt has been employed by SkyWest Airlines since 1983. In his capacity as Vice President-Flight Operations, Mr. Holt was responsible for flight operations, airline operational control, operations control center, crew support, training and standards, and corporate safety functions for SkyWest Airlines. His past experience included nearly 25 years at SkyWest Airlines - 21 of which were in leadership positions. Mr. Holt joined SkyWest Airlines as a line pilot in 1983 and held roles of increasing responsibility before taking his appointment as Vice President-Flight Operations in 1991.
Forbes Rankings SkyWest Forbes 400 Best Big Companies in 2007 SkyWest Forbes 400 Best Big Companies in 2006 SkyWest - 80th on the The 100 Best Mid-Caps in America in 2005 See All Rankings >
Compensation
Salary$163,333.00 Bonus$0.00 Restricted stock awards$36,155.00 All other compensation$47,468.00 Option awards $$159,750.00 Non-equity incentive plan compensation$96,100.00 Change in pension value and nonqualified deferred compensation earnings$0.00 Total Compensation$502,806.00

Here's another guy I'd say isn't getting paid enough. Of course he's part of the St. George Mafia, but he's done wonders with ASA. The saddest thing about his figure is he's making as much as Brian LeBreque. That's an insult to Brad. Brad is INFINITELY better than any other leader ASA has ever had.

Thanks Walter for cleaning up the last post!

Trojan
 
Joined
Apr 15, 2004
Posts
4,872
Total Time
4
How do the dongs of airline execs taste? Salty? Or do they put some tasty little kid grape juice lube on before they pull it out in your face?
 

USCtrojan

Banned
KolobWestwind
Joined
Feb 26, 2004
Posts
1,942
Total Time
Mucho
Sector: SERVICES / Regional Airlines

Officer since July 1999

46 Years Old
Bryan K. Bedford joined us in July 1999 as our president and chief executive officer and a member of our board of directors and became chairman of the board in August 2001. From July 1995 through July 1999, Mr. Bedford was the president and chief executive officer and a director of Mesaba Holdings, Inc., a publicly owned regional airline. He has over 19 years of experience in the regional airline industry, and was named regional airline executive of the year in 1998 by Commuter and Regional Airline News and again in 2005 by Regional Airline World magazine. Mr. Bedford is a licensed pilot and a certified public accountant. He also served as the 1998 Chairman of the Regional Airline Association (RAA), and remains on the Board of Directors of the RAA.
Compensation
Salary$390,769.00 Bonus$619,535.00 Other Annual Compensation$0.00 Long term incentive plan payouts$0.00 Restricted stock awards$205,759.00 Security underlying options$0.00 All other compensation$9,400.00 Option awards $$799,851.00 Non-equity incentive plan compensation$0.00 Change in pension value and nonqualified deferred compensation earnings$0.00 Total Compensation$2,025,314.00
Options Granted during Fiscal Year
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DateAll other stock awards (# of shares of stocks or units)Number of securities underlying optionsExercise
or base
pricePercent of total options granted in fiscal yearGrant date fair value of stock and option awardsSee More09/04/2007 - - $19.12 0% $893,158.00 02/20/2007 18,817 - $18.59 0% $816,286.00 12/27/2004 - 518,100 $13.00 38.6% $ -


Expiration date12/27/2014 Value of options potential value 5%$4,236,000.00 Value of options potential value 10%$10,734,000.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- Close

12/27/2004 - 518,100 $13.00 38.6% $ -


Expiration date12/27/2014 Value of options potential value 5%$4,236,000.00 Value of options potential value 10%$10,734,000.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- Close


Options Exercised
Number of securities underlying options exercisable180,000Number of securities underlying options unexercisable996,625Value of unexercised options, currently exercisable$396,000.00 Value of unexercised options, currently unexercisable$9,600,981.00 Shares acquired on exercise200,000Value Realized$2,401,573.00 FINAL COMPENSATION$ 2,025,314.00

Trojan
 

Flybet3

Fly for me! Get my Bonus!
Joined
Oct 8, 2004
Posts
1,745
Total Time
plenty
The fact of the matter is that U.S CEO's are a bunch of greedy fu**s. And only ONLY ONLY in america can one get rich by fu*** everyone else and get away with it. Not to mention if you're white. It's plane and simple, if you're bringing the company down and asking for everyone to eat sh*t then you should lead by example and eat sh*t first!
 

USCtrojan

Banned
KolobWestwind
Joined
Feb 26, 2004
Posts
1,942
Total Time
Mucho
Philip H. Trenary


CEO/President/Director

Pinnacle Airlines Corp

Memphis , TN
Sector: SERVICES / Regional Airlines

Officer since April 1997

53 Years Old
Philip H. Trenary, age 53, has been a member of our Board of Directors since March 2004 and has been President and Chief Executive Officer of the Company since April 1997. Mr. Trenary was the founder of Lone Star Airlines and served as Chief Executive Officer of that company from 1984 to 1996.
Compensation
Salary$385,359.00 Bonus$291,897.00 Other Annual Compensation$0.00 Long term incentive plan payouts$0.00 Restricted stock awards$260,325.00 Security underlying options$0.00 All other compensation$11,250.00 Option awards $$260,325.00 Non-equity incentive plan compensation$0.00 Change in pension value and nonqualified deferred compensation earnings$0.00 Total Compensation$1,209,156.00
Options Granted during Fiscal Year
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DateAll other stock awards (# of shares of stocks or units)Number of securities underlying optionsExercise
or base
pricePercent of total options granted in fiscal yearGrant date fair value of stock and option awardsSee More01/05/2008 - - $ - 0% $ -


Expiration date- Value of options potential value 5%$ - Value of options potential value 10%$ - Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)39,898 Estimated future payouts under non-equity incentive plan awards (target #)79,796 Estimated future payouts under non-equity incentive plan awards (maximum #)99,745 Close

01/04/2007 26,574 - $ - 0% $445,375.00 01/04/2007 - - $16.76 0% $445,375.00 - - 262,700 $14.00 30.6% $ -


Expiration date11/25/2013 Value of options potential value 5%$2,312,948.00 Value of options potential value 10%$5,861,466.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- Close


Options Exercised
Number of securities underlying options exercisable262,700 FINAL COMPENSATION$ 1,209,156.00

Trojan
 

USCtrojan

Banned
KolobWestwind
Joined
Feb 26, 2004
Posts
1,942
Total Time
Mucho
Jonathan G. Ornstein


CEO/Chairman of the Board/Director

Mesa Air Group, Inc.

Phoenix , AZ
Sector: SERVICES / Regional Airlines

Officer since May 1998

50 Years Old
Jonathan G. Ornstein was appointed President and Chief Executive Officer of the Company effective May 1, 1998. Mr. Ornstein became a director in January 1998. Mr. Ornstein assumed the role of Chairman of the Board in June 1999. On June 21, 2000, Mr. Ornstein relinquished his position as President of the Company to Michael J. Lotz. From April 1996 until joining the Company as Chief Executive Officer, Mr. Ornstein served as President and Chief Executive Officer and Chairman of Virgin Express S.A./N.V., a European airline. From 1995 to April 1996, Mr. Ornstein served as Chief Executive Officer of Virgin Express Holdings, Inc. Mr. Ornstein joined Continental Express Airlines, Inc. as President and Chief Executive Officer in July 1994 and, in November 1994, was named Senior Vice President, Airport Services at Continental Airlines, Inc. Mr. Ornstein was previously employed by the Company from 1988 to 1994, as Executive Vice President and as President of the Company's subsidiary, WestAir Holding, Inc.
Compensation
Salary$450,000.00 Bonus$52,000.00 Other Annual Compensation$0.00 Long term incentive plan payouts$0.00 Restricted stock awards$111,884.00 Security underlying options$0.00 All other compensation$53,897.00 Option awards $$0.00 Non-equity incentive plan compensation$0.00 Change in pension value and nonqualified deferred compensation earnings$0.00 Total Compensation$667,781.00
Options Granted during Fiscal Year
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DateAll other stock awards (# of shares of stocks or units)Number of securities underlying optionsExercise
or base
pricePercent of total options granted in fiscal yearGrant date fair value of stock and option awardsSee More10/01/2006 50,000 - $ - 0% $ -


Expiration date- Value of options potential value 5%$ - Value of options potential value 10%$ - Estimated future payouts under non-equity incentive plan awards (threshold $)$105,000.00 Estimated future payouts under non-equity incentive plan awards (target $)$210,000.00 Estimated future payouts under non-equity incentive plan awards (maximum $)$420,000.00 Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum [/IMG]
04/01/2005 - 150,000 $6.90 15.8% $ -
Expiration date04/01/2015 Value of options potential value 5%$932,178.00 Value of options potential value 10%$2,025,383.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan
[B]04/01/2004[/B] [B]- [/B][B]150,000[/B] [B]$8.25 [/B][B]34.8%[/B] [B]$ - [/B][IMG]
Expiration date04/01/2014 Value of options potential value 5%$14,340.00 Value of options potential value 10%$710,016.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- [B][COLOR=#999999]Close[/COLOR][/B] [IMG]http://images.forbes.com/media/icons/minus.png
- - 150,000 $4.90 15% $ -


Expiration date11/20/2012 Value of options potential value 5%$1,896,469.00 Value of options potential value 10%$3,292,462.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- Close

- - 150,000 $11.99 11.84% $ -


Expiration date04/12/2012 Value of options potential value 5%$ - Value of options potential value 10%$ - Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- Close

- - 150,000 $4.04 11.84% $ -
Expiration date10/02/2011 Value of options potential value 5%$243,535.00 Value of options potential value 10%$685,684.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- [B][COLOR=#999999]Close[/COLOR][/B] [IMG]
[B]- [/B][B]- [/B][B]66,313[/B] [B]$5.50 [/B][B]5.23%[/B] [B]$ - [/B][IMG]
Expiration date10/17/2011 Value of options potential value 5%$11,640.00 Value of options potential value 10%$208,660.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- [B][COLOR=#999999]Close[/COLOR][/B] [IMG]http://images.forbes.com/media/icons/minus.png
- - 150,000 $6.25 20.9% $ -
Expiration date04/01/2010 Value of options potential value 5%$336,948.00 Value of options potential value 10%$1,093,560.00 Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- [B][COLOR=#999999]Close[/COLOR][/B] [IMG]

Options Exercised
Number of securities underlying options exercisable[B]1,539,849[/B]Number of securities underlying options unexercisable[B]150,000[/B]Value of unexercised options, currently exercisable[B]$519,441.00 [/B]Value of unexercised options, currently unexercisable[B]$93,998.00 [/B]Shares acquired on exercise[B]225,000[/B]Value Realized[B]$2,838,250.00 [/B][B]FINAL COMPENSATION[/B][B]$ 667,781.00 [/B]

Well, at least this dirtbag is the lowest paid!

Trojan
 

USCtrojan

Banned
KolobWestwind
Joined
Feb 26, 2004
Posts
1,942
Total Time
Mucho
James B. Ream


CEO/President/Director

ExpressJet Holdings, Incorporated
52 Years Old
Mr. Ream has been Chief Executive Officer since July 2001 and has been President and a director since October 1999. He joined Continental Airlines in 1994 as Vice President - Finance, responsible for accounting, financial planning and analysis. Mr. Ream was President and Chief Operating Officer from 1996 to 1998 of Continental Micronesia, Inc. and Senior Vice President - Asia for Continental Airlines from 1998 to 1999. Prior to joining Continental, he held various positions within the finance department of American Airlines, Inc. from 1987-1994
http://people.forbes.com/rankings/james-b-ream/31525
Compensation
Salary$351,733.00 Bonus$0.00 Other Annual Compensation$0.00 Long term incentive plan payouts$0.00 Restricted stock awards$78,986.00 Security underlying options$0.00 All other compensation$31,639.00 Option awards $$112,726.00 Non-equity incentive plan compensation$302,167.00 Change in pension value and nonqualified deferred compensation earnings$17,210.00 Total Compensation$894,461.00
Options Granted during Fiscal Year

DateAll other stock awards (# of shares of stocks or units)Number of securities underlying optionsExercise
or base
pricePercent of total options granted in fiscal yearGrant date fair value of stock and option awardsSee More05/23/2007 15,000 - $ - 0% $91,800.00 05/23/2007 - - $6.12 0% $278,456.00 05/11/2005 - 30,000 $8.99 6.1% $

Expiration date05/11/2012 Value of options potential value 5%$ - Value of options potential value 10%$ - Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- Close

04/01/2005 - 42,500 $11.24 8.6% $ -

05/05/2004 - 25,000 $12.66 16.1% $ -

- - - $ - 0% $ -
Expiration date- Value of options potential value 5%$ - Value of options potential value 10%$ - Estimated future payouts under non-equity incentive plan awards (threshold $)$155,400.00 Estimated future payouts under non-equity incentive plan awards (target $)$207,200.00 Estimated future payouts under non-equity incentive plan awards (maximum $)$345,333.00 Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (
[B]- [/B][B]- [/B][B]35,000[/B] [B]$11.49 [/B][B]9.6%[/B] [B]$ - [/B][IMG]
Expiration date05/07/2010 Value of options potential value 5%$ - Value of options potential value 10%$ - Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- [B][COLOR=#999999]Close[/COLOR][/B] [IMG]http://images.forbes.com/media/icons/minus.png
- - - $ - 0% $ -
Expiration date- Value of options potential value 5%$ - Value of options potential value 10%$ - Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$280,000.00 Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- [B][COLOR=#999999]Close[/COLOR][/B] [IMG]http://images.forbes.com/media/icons/minus.png
Expiration date- Value of options potential value 5%$ - Value of options potential value 10%$ - Estimated future payouts under non-equity incentive plan awards (threshold $)$172,800.00 Estimated future payouts under non-equity incentive plan awards (target $)$192,000.00 Estimated future payouts under non-equity incentive plan awards (maximum $)$211,200.00 Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- [B][COLOR=#999999]Close[/COLOR][/B] [IMG]http://images.forbes.com/media/icons/minus.png
Expiration date- Value of options potential value 5%$ - Value of options potential value 10%$ - Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$500,000.00 Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- [B][COLOR=#999999]Close[/COLOR][/B] [IMG]http://images.forbes.com/media/icons/minus.png
Expiration date- Value of options potential value 5%$ - Value of options potential value 10%$ - Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$302,167.00 Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- [B][COLOR=#999999]Close[/COLOR][/B] [IMG]http://images.forbes.com/media/icons/minus.png
- - 250,000 $16.00 27.5% $ - http://images.forbes.com/media/icons/open.png
Expiration date04/17/2007 Value of options potential value 5%$ - Value of options potential value 10%$ - Estimated future payouts under non-equity incentive plan awards (threshold $)$ - Estimated future payouts under non-equity incentive plan awards (target $)$ - Estimated future payouts under non-equity incentive plan awards (maximum $)$ - Estimated future payouts under non-equity incentive plan awards (threshold #)- Estimated future payouts under non-equity incentive plan awards (target #)- Estimated future payouts under non-equity incentive plan awards (maximum #)- [B][COLOR=#999999]Close[/COLOR][/B] [IMG]http://images.forbes.com/media/icons/minus.png

Options Exercised
Number of securities underlying options exercisable360,000Number of securities underlying options unexercisable22,500 FINAL COMPENSATION$ 894,461.00

Trojan
 

CX880

Well-known member
Joined
Apr 19, 2006
Posts
2,861
Total Time
1898
This thread is laughable, you guys are comparing the moral of the Japanese management/CEOs with the snake oil salesmen of U.S airline CEOs. Most of the CEOs that count don't have any sympathy for the industry, they're just there to make as much money as possible and hopefully please the shareholders while they're at it.
 

atpcliff

Well-known member
Joined
Nov 26, 2001
Posts
4,260
Total Time
6000
Hi!

Watching the JAL CEO:
He cut ALL of his perks, and cut his pay for 3 years, when he required his airline personnel to take pay cuts, etc.

In 2007, he made $80K, less than many of the pilots.

He said that when a company ONLY tried to make money, it will fail.

I would say this:
Greed, or ONLY searching for money WILL work, but ONLY if it is long-term.

In other words, if the decisions you make today, will help your company make money in 50 years, then it is a good idea.

If your decisions will inflate your stock price in the next few months, it MAY be a very, very bad decision.

So, LONG-TERM GREED IS GOOD!

Unfortunately, we don't do long-term here in the US.

cliff
YIP
 

Captain Morgan

Well-known member
Joined
May 3, 2004
Posts
1,279
Total Time
-
What do you guys want them to make, 100,000/year? Do you really know what some of them actually do in their jobs. I'm not defending some of the snakes that actually make 15, 20 million, but I don't think 390,000 is too much. The stock options are in the toilet right now, so I really wouldn't even bother counting those. Remember they probably work every day of their lives and do spend quite a bit of time on the road all the while holding your jobs in their hands. Trust me, it's not the bon-bon popping cush job that you all think it is. My father in law is an exec. and I wouldn't trade my job for his and all his money.
 

AC560

Well-known member
Joined
Dec 9, 2005
Posts
1,184
Total Time
750
The fact of the matter is that U.S CEO's are a bunch of greedy fu**s. And only ONLY ONLY in america can one get rich by fu*** everyone else and get away with it

It isn't just CEO's. Offer a current work force a token raise or a pay freeze in exchange for a B scale on new workers, watch how fast they screw their brethren over.
 

WayBack

Well-known member
Joined
Aug 28, 2004
Posts
1,153
Total Time
2.4
What do you guys want them to make, 100,000/year? Do you really know what some of them actually do in their jobs. I'm not defending some of the snakes that actually make 15, 20 million, but I don't think 390,000 is too much. The stock options are in the toilet right now, so I really wouldn't even bother counting those. Remember they probably work every day of their lives and do spend quite a bit of time on the road all the while holding your jobs in their hands. Trust me, it's not the bon-bon popping cush job that you all think it is. My father in law is an exec. and I wouldn't trade my job for his and all his money.
I wouldn't care if they made $1mil a year.
It's just when they ask the employees for paycuts. Cut their pensions. Give pay raises to non union employees. Furlough and then turn around and give themselves multi million dollar bonuses.
 

flynryan15

Well-known member
Joined
Oct 27, 2003
Posts
637
Total Time
2000+
This guy earns his money

Glenn F. Tilton


CEO/Chairman of the Board/President/Director
UAL Corporation
Chicago , IL
Sector: SERVICES / Major Airlines
Officer since September 2002

Director , Abbott Laboratories
Abbott Park , IL
Sector: HEALTHCARE / Drug Manufacturers - Major

60 Years Old
Glenn F. Tilton, Chairman, President and Chief Executive Officer of UAL Corporation (holding company) and its wholly owned subsidiary United Air Lines, Inc. (air transportation) (2002"present); Vice Chairman of ChevronTexaco Corporation (global energy) (2001"2002); Chairman and Chief Executive Officer of Texaco Inc. (global energy) (2001). Director, Abbott Laboratories.
Forbes Rankings
271st on the Forbes Executive Pay in 2008
UAL - 859th on the Forbes Global 2000 in 2008
Abbott Laboratories - 167th on the Forbes Global 2000 in 2008
268th on the Forbes Executive Pay in 2007
UAL - 959th on the Forbes Global 2000 in 2007
See All Rankings >
Compensation
Salary $850,000.00
Bonus $0.00
Other Annual Compensation $0.00
Long term incentive plan payouts $0.00
Restricted stock awards $4,708,258.00
Security underlying options $0.00
All other compensation $155,968.00
Option awards $ $4,178,118.00
Non-equity incentive plan compensation $422,425.00
Change in pension value and nonqualified deferred compensation earnings $0.00
Total Compensation $10,314,769.00 :uzi:
 
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