ex j-41
Well-known member
- Joined
- Feb 25, 2005
- Posts
- 881
How in the world is someone in Marketing worth this much? If you give something away is that really sales and marketing or is it just giving it away?
A union official representing the US Airways flight attendants yesterday blasted the carrier's management team for excercising over eight million dollars in stock options.
"US Airways flight attendants gave over $150 million in contract concessions, including termination of our pensions, in order for the airline to survive and be a partner in the merger," said Mike Flores, US Airways Master Executive Council President. "For former America West executives, who absent the merger would likely be in bankruptcy court themselves, to now cash in pre-arranged merger created stock options and grants is just beyond obscene."
According to UBS Financial Services, Scott Kirby, US Airways Vice President of Sales and Marketing, cashed in a total of over $4 million, while Chief Administrative Officer Jeff McClelland made $2.2 million before tax. General Counsel Jim Walsh and Chief Financial Officer Derek Kerr made pre-tax earnings of $1.53 million and $1.1 million respectively. "If management's attitude at the bargaining table continues, predictions of a smooth merger will fall short," said Gary Richardson, America West Master Executive Council President. "Given the company's intransigence on simple matters so far, it is hard to see how an agreement could be reached by the company's target date."
"US Airways flight attendants gave over $150 million in contract concessions, including termination of our pensions, in order for the airline to survive and be a partner in the merger," said Mike Flores, US Airways Master Executive Council President. "For former America West executives, who absent the merger would likely be in bankruptcy court themselves, to now cash in pre-arranged merger created stock options and grants is just beyond obscene."
According to UBS Financial Services, Scott Kirby, US Airways Vice President of Sales and Marketing, cashed in a total of over $4 million, while Chief Administrative Officer Jeff McClelland made $2.2 million before tax. General Counsel Jim Walsh and Chief Financial Officer Derek Kerr made pre-tax earnings of $1.53 million and $1.1 million respectively. "If management's attitude at the bargaining table continues, predictions of a smooth merger will fall short," said Gary Richardson, America West Master Executive Council President. "Given the company's intransigence on simple matters so far, it is hard to see how an agreement could be reached by the company's target date."
