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Airline CEO reduces PAY/PERKS after FURLOUGHING Pilots.

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erikgigem

Well-known member
Joined
Mar 4, 2006
Posts
101
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?
 
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.
 
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.
 
Jerry Atkin

Jerry C. Atkin

72420_main.jpg

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
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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 More02/06/2007 4,940 - $26.84 0% $609,802.00 11/08/2006 - - $ - 0% $ -
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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
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02/02/2005 - 188,000 $17.11 1% $ -
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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
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12/31/2004 - 104,000 $19.18 9.1% $ -
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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
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- - 104,000 $19.18 9.1% $ -
open.png

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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
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- - 104,000 $26.24 9.7% $ -
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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
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- - 104,000 $25.95 18.8% $ -
open.png

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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
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- - 208,000 $20.12 29.9% $ -
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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
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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
 
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.
 
Bradford R. Holt

72423_main.jpg

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
 
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?
 
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% $ -
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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
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12/27/2004 - 518,100 $13.00 38.6% $ -
open.png

minus.png

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
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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
 
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!
 
Philip H. Trenary

63837_main.jpg

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% $ -
open.png

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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
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01/04/2007 26,574 - $ - 0% $445,375.00 01/04/2007 - - $16.76 0% $445,375.00 - - 262,700 $14.00 30.6% $ -
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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
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Options Exercised
Number of securities underlying options exercisable262,700 FINAL COMPENSATION$ 1,209,156.00

Trojan
 

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