Parker gets 3 year extion

[737 Pylt]

I wonder if he can manage to stay out of any more women's prisons?

US Air CEO Parker gets 3-year contract extension

WASHINGTON, Nov 29 (Reuters) - US Airways Group Inc (LCC.N: Quote, Profile, Research) Chief Executive Doug Parker has received a three-year contract extension through 2011 with no change to his salary, the airline said on Thursday.
Parker, who oversaw the merger of the old US Airways and America West Airlines in 2005, will earn $550,000 in base salary. Terms for cash bonuses and incentive payments have not changed.
In 2006, Parker received $880,000 cash bonus and a long-term incentive payment of $869,000, also in cash. He received other equity awards as well, the airline said.
US Airways shares lost 91 cents, or 4.3 percent, on Thursday to close at $20.06 on the New York exchange. The company's shares have tumbled more than 60 percent so far this this year. (Editing by Carol Bishopric)

 

[Deadalus]

US Airways top execs enter into new change-of-control deals



By Laura Mandaro
Last Update: 5:14 PM ET Nov 29, 2007Sponsored by:





<IMG class=pixelTracking height=1 width=1 border=0>LCC 20.06, -0.91, -4.3%) CEO Doug Parker, President J. Scott Kirby and other senior executives entered into new compensation agreements with the airline carrier to provide benefits in the event of a takeover or a merger that involved more than 50% of the voting power of the company. Under the agreements, the executives are entitled to payments equal to at least twice their annual base salary, or 200% for Kirby and chief operating officer Robert Isom, the Tempe, Ariz. carrier said in a filing. Several executives previously had change of control pacts with the company. The new compensation agreements come as the heads of several major airlines, including Parker, have noted that airline consolidation is only a matter of time. Shares fell 4.3% to $20.06 ahead of the filing.

Oh cr@p, who are we buying-merging-being bought by.

 

[vetrider]

I hope they got EE covered. No one else can write cute snippets or run the slide projector or hand over the mic in quite the same way. Thats million dollar stuff beyond a shadow of a doubt.